Financial Wellness

What is Financial Wellness?

Financial wellness is the process of learning how to successfully manage and budget your expenses. A healthy financial practice involves taking steps to live within your means and managing your resources by thinking about both your short and long-term goals. This can be done through creating a budget, setting up a savings account, keeping track of expenses, not relying on credit cards, and understanding your student loans.

Taking control of your financial wellness will provide you will a sense of independence and security knowing that you are making wise financial decisions that are sustainable long-term.

 

Why is financial wellness important?

Dealing with personal finances can be overwhelming for anyone, but especially for college students who are just beginning to live independently and manage money on their own. Financial pressure/concerns are a leading cause of stress for college students. Having an understanding and sense of control over one’s finances can help to relieve that stress. 

Tips for working towards financial wellness:

  • Create a budget and stick to it
  • Start Saving – Pay yourself first
  • Take advantage of student discounts
  • Keep organized records of your finances
  • Don’t put it off – identify and address any financial problems early on

Foundations of Personal Finance

Foundations of Personal Finance is a five-week course that empowers both undergraduate and graduate students to save, budget, avoid debt, and spend wisely. Students will learn the skills to start practicing sound financial habits now that will set them up for success in the future.

  • Session A:
    • September 17th through October 15th
    • Mondays, 5-6pm
    • ‚ÄčLocation: Student Center 301
    • Deadline to register: September 14th
  • Session B: 
    • October 29th through November 26th
    • Mondays, 5-6pm
    • ‚ÄčLocation: Student Center 301
    • Deadline to register: October 26th

Registration is required. There are 20 slots per session and a waitlist will be created. The course is free. 

Have a Question? Email us.

Transit - Financial Wellness

The Transit—Financial Wellness course is designed to provide college students with the skills to understand their finances and successfully transition in and out of the college experience. With a highly personalized, self-paced, interactive experience, users learn key financial decision-making skills and apply their learning in real-life scenarios. The course focuses on three main topics: school expenses, personal expenses, and career/post-graduation decisions.

Key Content:

  • Understanding and managing financial aid
  • Comprehending spending, banking, and credit decisions
  • Managing school expenses and avoiding unnecessary debt
  • Setting long term savings goals
  • Understanding credit scores, mortgages, and investing
  • Managing a budget and differentiating “needs” from “wants”
  • Student loan repayment options and responsibilities

 

Interested in completing the course? Students can complete the course at any time and at any pace. All you need to do is register using your @gatech.edu email address.