UMBC FinancialSmarts

Financial Smarts @ UMBC provides you with the tools necessary to make informed and effective decisions about your finances.

[Your Rich BFF @Your_RichBFF]

I know the headlines can be confusing so I broke it down into English! Here’s what a Fed rate hike actually means!

#money #finance #budgeting #savingmoney #investing #trading #learn #learning #credit #debit #debt #wealth #rich #thefed #inflation #recession #supply #demand

[Your Rich BFF @Your_RichBFF]

All this recession talk can feel scary, especially with all of the recent tech layoff headlines, but if you’re worried about your job - here’s a quick tip that may help give you some peace of mind!

#money #finance #job #career #college #student #school #university #work

[Your Rich BFF @Your_RichBFF]

I’m glad Juneteenth is getting the respect it deserves. While I don’t claim to be an expert on the Black/AA experience, I do understand money & hope this information taught you something!
#money #finance #wealth #rich #juneteenth #black #africanamerican #juneteenth2022

[UMBC FinancialSmarts @UMBCFinSmarts]

Take a look into this! Very informative.
https://t.co/zs7qBY8dAz

[UMBC FinancialSmarts @UMBCFinSmarts]

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.

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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.

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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.

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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)

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

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

[UMBC FinancialSmarts @UMBCFinSmarts]

Always ask questions about your financial aid.

[UMBC FinancialSmarts @UMBCFinSmarts]

Avoid full price texted books if possible.
-Money Crashers