2020 blogs

It’s the most wonderful time of the year! Snow begins to fall, suddenly you have a hankering for peppermint treats, and soon enough- a much needed reprieve from schoolwork. The holidays can be a glittering wonderland of tradition, warmth, and happiness- but they can also be expensive. It’s hard to enjoy the holiday season and look forward to a new year when you’re feeling financially stressed. So before you deck the halls and start adding gifts to your online cart, it’s important to make a holiday game plan and a budget. Here are some of the Financial Wellness Center’s tips and tricks for successful holiday spending.

Your alarm rings, it’s 8:00 am. You struggle to get out of bed and after being on your phone for what feels like forever, you finally find the will to get up and begin your day. You make yourself a fresh cup of coffee, and as you go outside you feel the cool breeze on your skin reminding you that fall has just begun. You smile, go back to your room and change into your comfiest sweater.

Unlike the majority of people, I’ve never used a debit card. Instead, I started my financial life on a credit card. I get a lot of questions about “why” or “how” I’ve done that. For me it’s easy, I get rewards like cash back or points when I use my credit card. If you’re buying essential items such as food, hygiene products, gas, etc. month to month why not get cash back or benefits from it?

Due to the recent pandemic, the Financial Wellness Center feels like it is a great time to talk about emergencies and how we can prepare for them financially. It is so important to save for a rainy day, but it’s also important to know how much you should strive to save.