Learning how to effectively manage money will help you reach your goals, minimize stress, and achieve confidence and competence.
Learn financial skills with CashCourse
CashCourse is an interactive website which offers free tips and tools for budgeting, financial planning, and setting financial goals. There are worksheets available, quizzes to take, and videos to help guide you through the best ways to manage your life in a financially responsible way. Click on the ‘Cash Course’ button above to access the website. Check back often, as their website is always adding new information.
Create a budget
The best way to track finances is through a personal budget.
- Keep track of your income.
Planning your budget after graduation? Below are some resources to help you estimate typical salaries. - Keep track of your spending.
- Pay for major costs and necessities first.
Estimate your monthly loan payment by using the loan repayment calculators on studentloans.gov. - Set aside savings for emergencies and future goals.
- Review your budget to make sure that your income will cover your spending and savings; adjust your budget as needed.
Monitor your credit history
Ensure that your credit history is accurate by obtaining a free credit report at AnnualCreditReport.com.
Repay your student loans
Below are some resources to assist you in repaying your student loans.
- Top 10 Student Loan Tips for Recent Graduates
- Repaying Student Loans Quick Reference Guide (pdf)
- Federal Student Aid (Addressing the student’s defaulted student loan)
- Student Debt Repayment Assistant (Consumer Financial Protection Bureau)