Healthy Hawks

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Financial Well-Being involves learning budget management in order to maintain a sustainable lifestyle while also learning to plan for the future through savings and investments.

  • Budget Management/Budgeting: A budget, simply put, is a plan for your money. This plan requires tracking of income and expenses, and ensuring that all expenses are paid on time and hopefully some could be saved in case of an emergency or for a larger purchase (e.g. computer, bike, tickets for a trip, car, etc.).

  • Savings & Investment: A popular way to gain financial security is by saving money and investing it. It’s not an easy task for a college student, but starting small and just getting the concept is important. Most literature says pay yourself first. This means via the budgeting process, determine how much you can place into a special account first; then pay your bills. Setting goals about saving can be a great motivator. Different accounts offer different interest rates for accrual on your savings. This is probably the most basic investment and comes at no risk because you can’t lose it.  Some consider more aggressive investments like CDs, stocks, and bonds. Your local bank or any banking institution will discuss these in detail with you.