Smart Money

College Financial Literacy Basics

We don't question the fact that college is expensive. However, seeking higher education is one of the best ways to create a different path toward an elevated standard of living. Education is essential and it will help you pursue a career path that you desire a

nd will bring you an abundance of happiness and professional satisfaction.

Continuing your education comes with added expenses, which makes financial literacy all the more important. Having the skills and knowledge of how to balance everyday living and college expenses with the costs is key – and it will help you build a foundation for a successful financial future. One great way to get started is to take advantage of online financial education resources, like the online Financial Workshops with Unique Unity.

First, Let's discuss Financial Literacy, what is it? Financial literacy is achieving a level of knowledge that ensures you are able to navigate and manage various financial decisions. This can include learned skills involving debit cards and checking account usage, borrowing habits, and much more.

Too many college students achieve financial literacy through the regretful trial-and-error method that causes way too much stress. However, those that seek out opportunities to gain financial literacy skills through education tend to find themselves more prepared for the unexpected circumstance that life has in store and gives them the ability to make a solid plan for their future.

Why is financial literacy important for students? Things in life can come unexpectedly. Often making decisions seem to be made for us, and life goes on. But with a higher level of financial literacy, you begin to realize that you can gain more control over many financial components of your life that you previously thought were out of your control. Knowing you have a choice in financial lenders, providers, and service partners – and knowing how to make better decisions about them in a way that helps you realize your goals – is a result of financial literacy. Through the power of financial literacy, you can shop for rates on loans, manage debt and pay it down, choose the best checking accounts to fit your needs, build savings, and be proactive in moving forward in your life. Starting your path now while you’re in school, makes sense, right? We thought so too. Starting now gives you the best chance of creating a financial path that helps you get to exactly where you see yourself tomorrow and years into the future.

How to get started.

Being a college student means you have a busy life. We get it and we understand! Luckily, there are easy and fast ways to boost your financial literacy skills. Head over to our online financial literacy page and sign up for learning modules that help you understand credit, managing debt, and how to achieve financial success at every stage of life – including yours. Want one-on-one help? Send us a text at (941) 301-8250 or send an email to unique.unityllc@gmail.com and let us know you are interested.

Unique Unity

Published 2022

Author: Odessa Ammons