Financial Literacy
A solid financial foundation can lead to a lifetime of financial success. Henderson Community College encourages students to take an interest in personal finances, budgeting, saving, identify theft, credit scores, managing debt and much more.
Listed below are a number of resources for students, faculty, and staff to use to learn more about managing your money while in college and beyond. These resources are all online and available to you 24/7/365!
Manage Your Money
Open both a checking account and savings account to establish a relationship with a bank. Establishing a savings account will protect you financially and your money can grow.
Create a Budget
Establish a budget that records your money both incoming and outgoing. Avoid spending what you do not have and monitor what you do spend.
Prioritize Your Debt
Paying all your debts on time will help you establish and maintain a good credit history, so it's important to make debt repayment a priority expense in your budget.
Beware Of Credit Cards
Credit cards are considered loans or advanced money that you will have to repay with interest. Select the card with the lowest interest rate.
Plan Your Future
Although retirement seems far off, start saving as soon as possible. Save for your short-term needs, too. Try to save at least six months' worth of expenses in a savings account, so that you'll have funds in an emergency.
Student Loan Debt
Make absolutely sure that you borrow only what is needed for your college expenses. You want to maximize and exhaust scholarship, grant and work opportunities before considering a student loan.
