Financial Literacy
³Ô¹ÏÍ·Ìõ is committed to helping students gain knowledge and access to resources to make the best financial decisions for themselves.
The following financial literacy information helps students understand basic personal finance concepts and other helpful tools to practice good financial habits for future financial success.
We understand that making choices about paying for college is often the first major financial decision that young adults will make. Learn more about financial aid and how to be a responsible consumer from Federal Student Aid.
(Citizens Bank)
– you’ll need your FSA ID
Video: (Sallie Mae)
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Video:
Tool:
The first step in creating a budget is to identify how budgeting can help you. There are many personal reasons someone creates a budget. Some common, overarching benefits of budgeting include:
- Meet your expenses and creates a plan to reach financial goals
- Create a framework for short and long term goals
- Develop a sense of control over your money
Start by making your own list of personal reasons for creating a budget. Ask yourself – Are my expenses more than my income? How can I earn more income? Am I building my savings? Here are some helpful tips to get you started.
(Best Colleges)
(SoFi)
(SoFi)
(Citizens)
Worksheet: Weekly Spending Tracker (printable)Ìý |Ìý Weekly Spending Tracker (fillable; best in Google Chrome)
Workbook: (InCharge Debt Solutions)
Budgeting Apps Examples: ;
An individual’s credit history is a list of transactions on a credit report. A credit report shows lenders, landlords, employers, and retailers how financially successful you have been in the past in terms of repaying your debts.
The three most popular credit reports are compiled by Experian, Equifax, and TransUnion. Learn more about these .
Understanding Credit (Sallie Mae)
(NerdWallet)
(Business Insider)
(The Balance)
(NerdWallet)
(Citizens)
(SoFi)
(The Balance)
Video: (Econ LowDown)
Tool: – How much interest will you pay? (SoFi)
Workbook: (InCharge Debt Solutions)
– Learn more about federal grants and loans including types of federal aid, loan repayment plans, and loan forgiveness options.
– Offers a variety of information to assist student in becoming financially informed with topics including building money management skills and managing debt.
– Resource provided by Citizens Planning for College
– Financial Literacy portal by CHESLA and CHET for assisting Connecticut students.
– Resource provided by Sallie Mae to assist families with planning for college.
– Resource provided by SoFi including money matters, tools, and calculators.
The information provided in this section serves as a resource to students.
³Ô¹ÏÍ·Ìõ does not promote any specific company, product, or service.