Financial Wellness
Financial Wellness involves the process of learning how to successfully manage financial expenses. Money plays a critical role in our lives and not having enough of it impacts health as well as academic performance. Financial stress is repeatedly found to be a common source of stress, anxiety and fear for college students. Keeping track of expenses, making a budget, and sticking to it are important skills to have in order to be fiscally responsible and independent. Learning how to maximize your financial wellness now will help you feel prepared to handle potentially stressful financial situations in the future.
Resources on campus:
- Financial Aid Department – Located in Dempsey 104
- Student Financial Services – Located in Dempsey, 2nd floor
- UW Credit Union – Located in Reeve Union, 1st floor
Additional Resources
StudentAid.gov provides extensive information about federal financial aid and loans, including tips for filing the FAFSA, definitions of financial aid terms, and managing your student loan repayment options.
The Consumer Financial Protection Bureau (CFPB) was established by Congress, and works to promote financial education and enforce consumer financial protection laws. The CFPB also provides a wealth of information for college students, including paying for college and repaying student loans.
The Federal Trade Commission (FTC) works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. This website provides a wealth of helpful information and guides on important topics such as purchasing a car, home mortgages, credit, credit cards and how to avoid scholarship scams.
Annual Credit Report.com is a free resource to retrieve your credit report from each of the three credit bureaus.
MyMoney.gov is sponsored by the Congressionally chartered Federal Financial Literacy and Education Commission, which is made up of more than 20 Federal entities to help strengthen American’s financial capability and increase access to financial services. Among other topics, this website covers five major financial principles: earning, saving & investing, spending, protecting, and borrowing.
NerdWallet makes it simple to find the best deals on credit cards, loans, insurance, mortgage rates and more.
Practical Money Skills for Life – Improve your financial future by gaining a better understanding of a broad range of personal finance topics, including creating a budget, saving for retirement, and using credit wisely.
