Educating Campus During Financial Literacy Month
by Rachel Brumenschenkel ’18
On college campuses, the month of April can be a busy time of the year. Seniors are preparing to graduate, students are getting ready to take exams, and there are many on-campus events that wrap up the end of the semester. April is also busy because it holds the deadline of April 17, 2018 to file taxes.
Some of you might have experience with filing taxes, but some of you might be thinking, “Why do I need to pay that much attention to taxes or personal finance in general? I’m still a student.” Tax information and other financial planning considerations are very important to learn early in your life to promote financial stability throughout your life. Many families in America are experiencing high credit card debt or a lack of funds for retirement. Many of us students will have to address and pay off student loans within the coming months.
That is why students in the Personal Financial Planning course (FIN 125) seek to educate the campus community about personal finance during the month of April, which is Financial Literacy Month. Throughout the month, be on the lookout for flyers, videos, posters, social media posts and the like across campus on the following topics:
- BYOB: Build Your Own Budget
- Savvy Spending: Making Informed Consumer Purchases
- Buy, Sell or Hold…Understanding Investments
- Dream Big: How to Establish Financial Goals
- Credit Cards: Important Factors to Consider When Selecting
- Car Purchases: Lease vs. Buy
- Emergency Fund: How Much Is Enough and Effective Strategies to Establish
- Student Loan Debt: Payment Terms and Early Payoff Strategies
As many of us get jobs, go to graduate school, live on our own, buy a car, file taxes, and think about early retirement planning, it is important that we find strategies to budget for our expenses and savings plans. Creating S.M.A.R.T. financial goals and understanding your current and expected financial situation are the first steps in developing your personal financial plans. While it may sound daunting, it’s not as scary as it seems. Learning more about finance on campus during April can give you resources you need to establish and meet your financial goals. Be sure to return to the Mount Union blog for more posts about Financial Literacy Month!