Financial Well-Being

Financial well-being 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 by 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 well-being will provide you will a sense of independence and security knowing that you are making wise financial decisions that are sustainable long-term. 

Financial well-being is an important piece of your overall well-being.

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.  

You can take control of your financial well-being.

To get started, you should:

  • 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 Finance

Foundations of 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. The course will integrate both classroom learning and the online Transit-Financial Wellness course.

Session 1:

  • September 17 – October 22
  • Monday’s, 5-6 pm
  • Student Center 301

Session 2:

  • October 29 – November 26
  • Monday’s, 5-6 pm
  • Student Center 301

There are 30 slots per session. Registration is required!

 

Transit- Financial Wellness

This free, online 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. 

The key information in this training includes: 

  • 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

Programs & Services

Adulting

colorful drawings of happy pictures

The Adulting series introduces students to life skills that aren't taught in the classroom. Learn how to "adult" as participants explore finances, healthy eating, purpose, professionalism, and other life skills proving you with the essential skills and knowledge to be a successful adult.

Request a Presentation

Health Initiatives offers pre-planned and custom presentation experiences for employees and students. Request a workshop for your class, upcoming meeting, or a training. 

On and Off Campus Resources

  • Georgia Tech Financial Aid Office
  • Textbook Buying Tips - 11 ways to beat the system when buying college textbooks (an article from Today).
  • Budgeting Tools
    • Mint - Mint offers an array of features to help you track and manage your money. Mint automatically categorizes transactions from linked credit and debit cards and tracks them against a budget you can tweak and customize to your needs. Get alerts when you go over budget, and track by category or look at your overall cash flow to get a well-rounded picture of where your money goes each month.
    • You Need A Budget (YNAB) - YNAB takes a unique approach to budget apps. Rather than rely on traditional budgeting buckets, you build your budget based on your income, giving every dollar a job in your budget. Those jobs include everything from living expenses to debt payments to savings and investments. Leaving no dollar unaccounted for forces you to think about every dollar you spend.
    • Wallet -
  • Napkin Finance
    • Napkin Finance is an online tool to introduce yourself to different financial topics. The site provides quick and easy resources on everything you need to know about money in 30 seconds or less. Their wide array of topics include a college survival guide, credit, investing, and Money 101.