Financial Wellness

Helping you manage your money, for school and for life!

April 29, 2013
by Carissa
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Hey graduates – do you know how to handle your money?

It’s graduation season for many, and certainly a time to celebrate!  But the hard work is not done yet…

Having a plan in place to handle all your financial responsibilities is crucial to repaying or avoiding debt, and building wealth.  If you have not yet thought about what kind of saver/spender you want to be, I highly encourage you to put serious effort now into establishing healthy money habits for life. 

This infographic from Onlinecollege.org shows how to do just that, with sample budget guidelines, suggested savings goals, great places for new graduates to live and work, and other online finance tools to help you keep it all together. 

 New Grad’s Guide to Personal Finance

April 22, 2013
by Carissa
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Seven questions

Forbes.com has two articles, each with seven questions, that will 1) help you determine your level of financial literacy, and 2) help you reevaluate your spending strategies

Can seven questions really change your spending habits?  Maybe, depending on where you are in your financial journey.  But the key to improving financial literacy is to make a conscious effort to think about your spending and savings on a daily basis, and these questions will definitely get you thinking! 

If you’re ready to put some action into your thoughts, then you should also check out this “Investing for the Long Run” guide on how to improve your personal finances.  Provided by Morningstar, one of our library’s investment database subscriptions, it’s an all-in-one tool to guide you through basic budgeting and saving, all the way through planning your investment portfolio.

If you have any other resources that have inspired you on your path to financial wellness, leave us a comment and tell us about it!

April 12, 2013
by Carissa
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The Best of the Week

As we wrap up Financial Literacy Week here at Franklin, we wanted to share some highlights of the week’s events:

  • All of the workshops from this past week have been recorded via FranklinLive!, and are accessible through this page.
  • Students had the the opportunity to view and print their federal student loan history via the National Student Loan Data System.  Click here for instructions on how you can do this on your own!
  • Graduating students had a chance to learn more about Exit Counseling and ask questions via our staff led online Exit Counseling sessions.  Please view these sessions by clicking here.
  • Beginning next week and through April 29, Franklin students can donate non-perishable food items to the university library in order to have library fines erased!  Read more about Food for Fines.

 

Don’t forget that April is Financial Literacy Month, and so there are still plenty of opportunities for you get a handle on personal or school finances!  Here’s a “best of the web” compilation:

  • Thirty Steps to Financial Wellness  – a whole month’s worth of money management activities to get you started!
  • Free financial counseling – Apprisen is the local consumer credit counseling agency for Columbus, offering free initial counseling for those requesting money management help.  If you are outside of the Columbus area, click here for an agency close to you.
  • Money Smart Week – Morningstar, an investment research database in our library, is sponsoring investment webinars the week of April 20 – 27th.   Additionally, they have created a fantastic tool to get all of your finances in order so that you can begin to focus on investing.  Click here to view this handy guide.
  • Debt.org – Everything you need to know about student loans, managing student debt, paying back student loans — and that’s just one part of the website!  You can also explore personal debt, and how to get free debt consultation services.

We hope you have enjoyed this week’s activities, and continue to explore the many resources available to you to help you on your path to fiscal responsibility.  If there’s a favorite site of yours that has not been included, feel free to leave us a comment and tell us about it!

April 8, 2013
by Carissa
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Financial Literacy Week Starts Today!

Remember to visit the Financial Literacy Week events today through Thursday, both onsite and online!  These events are open to all students, faculty, and staff.  At the end of the week, we’ll draw winners for fuel cards and gift cards to Barnes & Noble, Starbucks, and Subway — but you have to participate to win, so click here to see today’s events, or check out the rest of this week’s activities.

April 2, 2013
by Carissa
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Living below your means = benefits for years to come

Over at FinancialFanatic.com, there’s a post I like very much that describes how changing just one financial behavior can have rather large, rippling effects on your overall finances: living below your means.

It seems like such a simple concept, and yet so many of us struggle with it.  After all, isn’t it the American standard to spend more and more any time you come into extra income?  That seems to be a sign of the times, and all it’s gotten us is deeper in debt, saving less for future expenses, and working far beyond our retirement ages.  So buck the trend; do yourself and your future a favor by learning to live not just within your means, but below it.  Check out the Financial Fanatic’s post for tips on what you can do now, and how it will pay dividends into the future.