Why is Financial Wellness Important?
Focusing on financial well-being is crucial to reaching financial goals. Having a handle on one’s finances can reduce stress and anxiety, which can positively impact academic performance. Financial wellness allows one to enjoy life while living within their means. Being responsible, educated and informed about finances can help one navigate unplanned financial constraints and prepare for the challenges of life.
- Avoid multiple lines of credit
- Create a personal budget
- Keep an ongoing record of financial activities
- Limit impulsive spending
- Seek tuition assistance opportunities