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Overall, being financially well in college typically means you have a good grasp of budgeting and managing finances, such as paying bills on time, avoiding unnecessary spending, and possibly investing some money, if able. You might have a steady source of income, such as a part-time job, or freelance work.

It could also mean planning ahead, including having a rainy-day fund or savings for future goals like study abroad or a post-graduation move.

Tips to Maintain Your Financial Wellness

Create and Stick to a Budget

• Tracking income and expenses is an essential skill. Start by understanding how much money you have coming in (from jobs, financial aid, or elsewhere) and what your expenses are (like rent, food, and textbooks).
• Allocate a specific amount for each category (e.g., groceries, entertainment) and stick to it. There are budgeting apps like Mint or YNAB that can help manage your finances.

Avoid Unnecessary Debt

• If you have a credit card, use it responsibly. Pay off the balance each month to avoid interest charges, and never spend more than you can afford to pay back.

Build an Emergency Fund

• Start small! Aim to save a few hundred dollars as a starting point. This fund can cover unexpected expenses like medical bills or car repairs.
• You can also set up automatic transfers from your checking account to a savings account to build your emergency fund gradually.

• Look for a part-time job that fits with your academic schedule. On-campus jobs can be particularly convenient. Find one by visiting the Career Center or visiting . 
• Explore freelancing, if able. If you have skills like writing, graphic design, or coding, consider freelancing. Platforms like Upwork or Fiverr can help you find gigs.

• Use your Bronco One Card to get discounts on everything from software and subscriptions (like Spotify) to clothing and travel.

Live Within Your Means

• Cook at home or in your residence to save money. Meal prepping can make this easier and more efficient.
• It’s easy to overspend on social activities. Look for free or low-cost events on or around campus, and consider hosting get-together. with friends and family at home rather than going out.

Plan for the Future

• Start investing early. If possible, open a Roth IRA or start contributing to a savings account that can grow over time. Even small amounts add up.

• Think about how your financial decisions now will affect your future, whether it’s avoiding excessive debt or saving for post-graduation plans.