9. Financial Management

  1. Attend an Adulting 101 session on topics related to finances, budgets, and being financially responsible.
  2. Meet with Ashleigh Zimmerman, SUU's Financial Literacy Coordinator.
    1. Create a written budget with Ashleigh and stick to it.
  3. Create a check register or use an expense tracking app, such as Mint, to get in the practice of tracking all your expenses and earnings to create a better awareness of your bottom line.
  4. Fill out the FAFSA.
  5. Develop your money mindset (Be content with what you have, don't let yourself feel deprived, embrace the things that are important to you that don't cost you money).
  6. Apply for Student Loans. If you already have loans, know what you have borrowed in total and the interest rate on each loan you have taken out. You can use this comparison chart to keep track of all your loans.
  7. Research and learn about retirement, life insurance, etc. Consider starting a Roth IRA to save for retirement.
  8. Apply for private, departmental and institutional scholarships.
  9. Learn how to negotiate your future salary by talking with a Career Coach.
  10. Understand and explain the difference between mortgage and rent.
  11. Start building your credit by getting a student credit card but use it to pay for only one of your expenses, such as gas or your cell phone bill. Then set up automated payments each month so you are never late to make a payment.
  12. Learn about different types of insurance, what is recommended and what is required by law.
  13. Start an emergency fund. Set a goal for saving three to six months of expenses and put this money in a high yield, online savings account.