Building your savings account can be a great means of achieving your financial goals. It is one aspect of our financial wellness that is often ignored while talking about financial education. For the past 11 years, the Financial Wellness Center has partnered with America Saves Week, to organize “U Saves Week” from Feb. 21-25, 2022.
U Saves Week is a call to action for students, staff and faculty to commit to saving successfully. This year the Financial Wellness Center will be hosting two events, free lunch included, to encourage students to participate and take a step toward achieving their financial goals.
Cooking for College Students
Tuesday, Feb. 22, 2022 | 12-1 p.m. | Union Ballroom
Have a hard time figuring out what to make for every meal? Join the Financial Wellness Center and Feed U Pantry for a workshop on cooking. Learn how to make simple, healthy meals on a budget with Alex Daynes. We will be raffling out three “Back to Basic” cookbooks for attendees staying until the end. Scan the QR code on the event flier to register.
Best Ways to Save Money
Thursday, Feb. 24, 2022 | 12-1 p.m. | Union Ballroom
Saving money in college can be tough. Join our Healthy Financial Habits workshop and learn simple steps that can help you manage your money today and save for long-term goals. Kimberli Trusty from Wells Fargo has all the tips to help you save money as a college student and beyond.
In the U.S. a very large population is living paycheck to paycheck. They don’t even have enough money in their emergency funds to cover their months’ worth of expenses. The world has recently been through a pandemic it is still going through it, this has caused major disruptions in the job market. According to research by Pew Charitable Trust, 60% of American households have experienced a financial shock in the past 12 months.
Financial emergencies can happen to anyone. Putting a little amount of money from every paycheck to a savings account can help people feel more confident during a financial crisis. Saving just one-month worth of expenses can help a household to deal with and think soundly during a time of financial hardship.
Savings might not be only useful during a financial crisis but also to achieve a future goal that might seem unattainable in the present time. A study from the Center for Social Development shows that having small amounts of money in children’s savings accounts are positively associated with college enrollment and graduation.
We believe that everyone can save for their goals, even if it begins with a small amount. A wealth of resources are available for students to connect with at the Financial Wellness Center.