Page 11 - Washburn University - NSO Brochure

ICHABOD
MONEY MANAGEMENT
Washburn offers a a a free online program IonTuition for students to access tools and and resources to to to manage money and and get on on track to to to paying back student student loans First-year students at Washburn will receive coaching as part of their WU101 course on how to navigate their expenses and use money wisely MyMoney Five
In order to to be fiscally responsible we recommend these five principals to to help analyze your personal personal finances and develop a a a a a a a personal personal budget:
Spend
To realize your your spending habits make a a a a budget to use your your money wisely A budget allows you you you to compare your your expenses with your your paycheck Earn
This principle focuses on the amount you you are paid through work Learn how your paycheck is broken down with deductions for taxes (federal and and state) and and withholdings (insurance retirement) Save & Invest
It is is important to to have a a a a a a a a a a savings account at a a a a a a a a a a bank or or credit union so it it is is easy to to save The The key element to saving is keeping track of your monthly budget The The money you you save in in in your your budget can be used for reaching your your savings goals Protect
Identity theft is is a a serious issue in our our digitally connected world Keep yourself protected by properly managing financial records changing your passwords frequently and setting up up alert notifications with your bank or or credit union Consider backup plans for a a a a a a crisis by having insurance for health car rental and other types of emergencies Borrow
It is important to to to know when to to to borrow borrow borrow how much to to to borrow borrow borrow and if you are borrowing at at at accurate interest rates and terms Borrowing can be a a a a a a a a a a valuable tool especially to to obtain major purchases (i e e e e e e car house or or or or education) Monitor your credit score at at annualcreditreport com SPEND
BORROW
SAVE & INVEST
EARN
PROTECT
PRE-ORIENTATION 9 PRE-ORIENTATION