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Financial Wellness is the ability to manage money effectively and make wise financial decisions.

Signs of Financial Well Being

  • learning to not let money be the driving force of your life
  • not living beyond your means
  • learning how to manage and establish a personal budget
  • thinking long term and setting up a savings account
  • not getting into credit card debt
  • making plans and sticking to them to pay off loans and debts

Ways to Improve Your Financial Health

  • Track spending to stay within a budget
  • Track transactions to be aware of how you spend
  • Meet with financial aid on campus to discuss term bills
  • Seek guidance or assistance from someone (advisor, parent, etc.) if unsure about something
  • Consider “need” vs. “want” when making expensive purchases
  • Prioritize spending that supports basic needs (food, hygiene, health care, warm clothes, etc.)
  • Spend within your means without often borrowing money and using credit.
  • Make thoughtful purchases
  • Put money in savings, stocks, bonds, etc.
  • Have insurance (health, car, etc.)

Berea Fast Facts:

  • Click here for resources related to achieving optimal financial health.
  • The office of Student Financial Aid offers workshops and one on one counseling throughout the year.
  • Berea+5 is a program offered in the fall to help you learn about the cost of living after Berea
  • Dave Ramsey Relationship and Financial Peace Class
  • Offered in the community within walking distance of the college
    • click here for more information.