Finances can be a source of stress for many students, but they don’t have to be! There are steps that students can take to manage their finances and alleviate financial stress.
First and foremost, creating a budget is essential. This means listing all income and expenses and being mindful of where money is going. It’s important to prioritize necessary expenses, such as rent and groceries, and cut back on unnecessary expenses.
Another way to manage financial stress is to look for resources available on campus. UNC-Chapel Hill has the Carolina Financial Wellbeing Center, which offers online resources and workshops to help you get by today and start planning for the future. It may seem daunting, but creating a plan and taking small steps towards financial wellness can lead to a more secure and stress-free future.
Remember, managing finances and alleviating financial stress is a journey, and it’s never too late to start taking steps towards financial wellness.