Financial Wellness

Meet with a Financial Literacy Coach

In a coaching session, students can ask questions about their financial situation, create a budget that represents their current expenses and income, and discuss future financial goals. The Financial Literacy Coach can provide information, tools, and resources the student can use to reach those goals and manage their current finances.

Upcoming Events

Personal Finance Workshops are offered each quarter and cover topics like how to create a spending plan, manage debt, build credit, or choose a bank account.

Visit the Student Success Workshop page for more information about upcoming events.

Budgeting

Whether you call it a Spending Plan or a Budget, deciding where your money will go each month can have a positive impact on your personal finances no matter your income. Having a plan for your money allows you to make informed decisions about your spending, make and achieve future goals, and maintain your finances when the unexpected (and possibly expensive) happens.

Creating your first Spending Plan can be tough, so here are a few resources that could help get you started:

• You can track your spending habits, set up account alerts, and create goals for saving with Mint, Personal Capital, or YouNeedABudget.com.
• If you prefer budgeting on paper check out the SALT Spending Plan.
• Microsoft Excel also has a selection of budgeting templets available for you to use.

Debt Elimination

Here is a list of resources that can help you manage and/or elminate your debt:

• When you are thinking about taking out a loan, be sure to identify the loan amount, interest rate, and minimum payment. You can use this information to see if the loan would put strain on your monthly budget or cause you to pay more than you would like in interest.
• If you have student loans, visit the Clark College Direct Loan Repayment page for information about repayment options, responsibilities, and contact information if you have questions.
• If you qualify, Community Housing Resource Center can help you explore your options for getting out of debt. They offer classes and counseling for debt settlement and credit restoration.
• There are Strategies for paying down debts that can help you get rid of your debt faster and save you money.
• Unbury.me is a free tool to help create and visualize an Debt Avalanche repayment plan.

Credit Cards

A credit card can be a powerful tool if used correctly, but can negitivly impact your fincances if mishandled. Here are some tips and resources to help you find then use your credit card to support your financial wellness:

• You can explore current credit card services that fit your needs at CardHub.com. 
• Having an established relationship with a bank or credit union could assist you in getting approved even if you have no credit history. Be sure to check with your service provider if you are looking to open a credit card account.
• Aim to pay your credit card bill completely each and every month. If you do this you will not have to pay interest and will be doing positive things for your credit score!
• Try to only use your credit card to pay for fixed expenses; expenses that stay the same price month to month. This way you will never be suprised by your credit card bill, making it easier to manage.
• If you feel overwhelmed by credit card debt, you can contact Community Housing Resource Center to see if you qualify for assistance. (also check out the section titled Manage Debt on this page for more information)

Credit Score

Your credit score has a large effect on your financial wellness. The better your credit score, the easier it is to qualify for financial services like home or car loans with lower interest rates, smaller monthly payments, and reduced fees. Here are some tools for you to use to keep up with your credit score:

• Check your credit score and/or locate debt at any time for no charge at Credit Karma.com.
• Mint.com also offers monthly credit score updates. 
• Request a credit report for free once per year from each of the credit reporting agencies at AnnualCreditReport.com.

• Clark College Individual Development Account (Match Savings Program)

• Free Help Filing Taxes in Clark County

• Increase your Financial Literacy with SALT !

  Clark College has teamed up with Salt® to help our students and alumni manage their money and student loans.  Here’s the best part—we are providing all of Salt’s resources for free and you can and keep it for life!

  With SALT you can:

  • Score a scholarship, an internship, or a job
  • Get help with student loans
  • Snag money saving deals
  • Take control of your money