Budgets, credit, investing, loans, and debt are just a few aspects of financial literacy. Money talk can be confusing, complex, and for some people – something they want to avoid. It is important to understand the basics of financial literacy as you make decisions as a college student and beyond.
Everyone enters college with varying levels of understanding in relation to money matters. No matter where you start off, continue to ask questions, do your own research, and learn more. Set small goals for yourself along the way – such as starting to build a solid credit score or wanting to set aside $100 in your emergency savings.
This resource contains a high level overview of many popular topics to aid in your journey of financial wellness. There are tons of excellent resources on the internet to further your understanding paired with experience.
Financial need is an often-avoided topic, but a common struggle when it comes to financial wellness. Life can come at you fast and present you with unexpected, but necessary costs. Financial preparation (such as emergency funds or budgets) can help shield against some of this, and other times, you need additional support. Know that there are resources to support you at Rice, including the Residential College Accessibility Fund, the Rice Access & Opportunity Portal (AOP), the Pantry, and Dean of Undergraduates Emergency Funding.
1:1 Financial Guidance
Debra Kolah is willing to work 1:1 with students seeking to create a budget, learn basics of financial literacy, and track expenses. She hosts her sessions in the UX Lab, located in the basement of Fondren Library towards the new Architecture Building corner, Room B37.
Please reach out to success@rice.edu if you would like to be connected with Debra for 1:1 financial literacy sessions.
Financial Literacy Course
Students interested in learning more about financial literacy should consider taking UNIV 154. The course will equip students with the essential knowledge and skills to navigate personal finances as they prepare to enter the "real world." Course topics include: budgeting and money management, savings and emergency funds, credit and debt management, understanding income and taxes, real estate and homeownership, retirement planning, insurance and risk management, understanding financial markets, investing basics, financial scams and fraud protection, philanthropy and charitable giving, financial decisions for major life events, putting it all together - creating a financial plan