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FCESL 30 Financial Tips in 30 Days

From the Student Government Association at UHD​ and the Financial Coaching and Economic Stability Lab we would like to high​light Financial Literacy Month which is celebrated in April. The Financial Literacy Month is not only a celebration but is a challenge. It is an opportunity to review your finances and gradually improve them. ​ With these tips we at the University of Houston-Downtown hope that "30 financial tips​ in 30 days" will be a starting point to promote financial well-being for all.​

April 30th

"Any improvement in financial literacy will have a profound impact on people and their ability to provide for their future."

~ Investopedia, Why Financial Literacy Is So Important

April 29th

"Track your expenses each month, it is kind of a pain when you are doing it, but you learn so much about how you spend your money."

~ Anonymous

April 28th

"Everyone has lesson's learned when it comes to their money. It is okay that you do too."

~ Anonymous

April 27th

"Enroll a friend or coach in your money journey. Someone you can talk openly with is a gift and opportunity to mess up without being judged."

~ Anonymous

April 26th

"Understand your student loan debt repayment options. Take exit counseling seriously. It can save you thousands of dollars."

~ Anonymous

April 25th

"Create financial goals and review the goals on a regular basis."

~ Anonymous

April 24th

"Apps are great to assist you in making good financial choices, but they cannot make the choices for you. You are still in charge and in control of your money."

~ Anonymous

April 23rd

"Use the campus gym and other university amenities. You pay for these each semester."

~ Anonymous

April 22nd

"Pay attention to banking fees. Fees can eat up a significant amount of your spending money each month."

~ Anonymous

April 21st

"Just because someone gave you financial advice that works for them, does not mean that it will work for you."

~ Anonymous

April 20th

"only accept the loans they need to complete their degree, not a penny more. Do not count on your financial aid refund to finance you life. Student loans are there to help you pay for school, not to increase your lifestyle."

~ Dan Scholl, Houston Community College

April 19th

"Continue to look for scholarships. If it takes you 10 hours to get a $1000 scholarship, that is like being paid $100 and hour for that effort."

~ Anonymous

April 18th

"More money is not always the answer to more financial freedom."

~ Anonymous

April 17th

"Managing your money is a learned skill, not something you just 'know'. It is okay to ask questions, a lot of questions."

~ Anonymous

April 16th

"Always ask questions about your financial aid."

~ Anonymous

April 15th

"Avoid full price texted books if possible."

~Money Crashers

April 14th

"Have a plan for your tax return or student loan refund before you get your money. This way it can do it's job."

~ Richard Simonds

April 13th

"If you are not the one telling your money where it is going to go, you are allowing someone else to tell you."

~ Richard Simonds, University of Houston-Downtown

April 12th

"The magic compound interest. College students have time on their sides, the earlier you save for retirement, the more money you will have. Your future self will be happy!"

April 11th

"Everything is Financially Fixable."

~ Anna Zimmerman, University of Missouri-Kansas City

April 10th

"Have "take-out insurance" - Having frozen pizza, nachos, spaghetti, etc. on hand are a great way to prevent spending on more expensive to-go meals when you're budgeting and need a quick meal!"

~ Kaitlyn Goslinga, University of the Pacifc

April 9th

"Before you sign any rental agreement, make sure to read the fine print. Every rental lease is different, and your preconceived expectations about your landlord or management's responsibilities might not be reflected in the actual legal document. To avoid any unpleasant surprises, especially if something goes wrong, make sure to understand the full details of what you're agreeing to first.."

Suzanne Bellan, Princeton University

April 8th

"If your employer offers a retirement plan match make sure you contribute that percent to get the free money. It may seem like a lot now but it will provide amazing dividends. The younger you start investing the better you will be as you approach retirement."

Jenifer Thomas, Cleary University

April 7th

"Start building credit now. Get a secured credit card, make small purchase, pay off monthly, review credit report annually."

Jenifer Thomas, Cleary University

April 6th

"Always carry your student ID with you when out and about. Anytime you make a purchase, ask if they have a student discount; it doesn't hurt to ask. Keep a list of the places that say "yes" and shop at those places."

Jessica Rouser, University of Detroit Mercy

April 5th

"Think about when you were proud or regretted how you spent your money. Who were you with? What was the situation? How did you feel? Being self aware empowers you."

Syble Solomon, LifeWise Strategies

April 4th

"You often change the due date of your bills to a more convenient time in the month (credit card, utility bills etc.)."

Rachel Sinoway, University of South Carolina

April 3rd

"Have a separate bank account for your bills--this way, even if you spent too much in one month on eating out, etc., you have already made sure that you have enough for bills!"

Erica Aguiar, MIT

April 2nd

"Divide your tuition expense by the number of hours in each class. If you miss a class you know that you have not only lost the experience, but real dollars."

Meredith A Schor, George Washington University

April 1st

"Live like a student now, or live like a student later."

Andrew H. Harvey, Garrett College

Last updated 5/3/2022 5:07 AM