Learning how to effectively manage money will help you reach your goals, minimize stress, and achieve confidence and competence.
Learn financial skills
Make financial literacy a part of your everyday life.
Visit https://edrepay.com/Home to learn about
- managing your money
- budgeting
- financial planning
- repaying student loans
Learn more money management skills at consumer.gov.
Create a budget
- The best way to track finances is through a personal budget.
- Make sure that your income will cover your spending and savings.
- Review your budget regularly and adjust it as needed.
Estimate your income
Below are some resources to help you estimate typical salaries.
- Career Coach
- O*NET OnLine
- Information about the job market from the U.S. Department of Labor including information by major
Manage your spending
- Keep track of your spending.
- Pay for major costs and necessities first.
- Estimate college costs using Grad Path.
- Obtain an estimate of federal student financial aid using the Federal Student Aid Estimator.
- Estimate your monthly federal student loan payment by using the Federal Student Loan Simulator.
Include savings in your budget
- Set aside savings for emergencies and future goals.
Avoid scams
- Identifying student loan and student aid scams
- Choosing a college and avoiding degree scams
- How to Spot, Avoid, and Report Scams
- Cryptocurrency and scams
- Report scams and fraud at ReportFraud.ftc.gov.
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
- Guide to College Financial Aid
- Federal Student Aid resources for defaulted student loans
- Consumer Financial Protection Bureau Student Debt Repayment Assistant