Enhance your personal financial skills with a variety of resources and tips
Understanding how financial matters impact your day-to-day life and your future can make a big difference. You'll be better equipped to meet your financial commitments without anxiety, grow savings and avoid debt, maintain a strong credit score, and make and achieve financial goals.
Even though education about financial literacy isn't often part of the classroom experience, you can treat it like any other class and learn what you need to know. The Financial Aid Office can help with a number of resources and recommendations—and you can bring your questions to the Financial Aid Office and speak with an advisor, too.
Take advantage of training
We're pleased to connect you with online classes and training that can help you take control of your financial future. CashCourse is a free, online financial education resource that teaches skills that make sense in the real world. You'll be equipped with information that helps you make informed financial decisions and take charge of your financial destiny.
CashCourse is easy to use, and most online assignments take just 20-30 minutes.
- Visit the CashCourse website
- Under Students, select Register Now to create a login
- Under School, select Waubonsee Community College
- Once you've registered, choose My CashCourse Planner – Assignments
- Under Assignments, select Financial Aid as your professor
Another online resource, Salt®, is powered by the nonprofit group American Student Assistance®. The easy-to-use online platform features their Master Money tools, which help you master the basics on your path to financial independence.
Create a budget
A monthly budget allows you to monitor your expenses and income, and track what you're spending against what you need to cover your living costs and contributions to savings. You might prefer an online app or digital spreadsheet, or a notebook with pages for each month. Whatever you choose, review and adjust regularly to ensure that you stay on track.
Pay attention to savings and checking accounts
Online apps make banking more flexible than ever. When you choose a bank and open checking and savings accounts, keep in mind additional considerations, including service and use fees, ease of paying bills, and compatibility with any digital wallet and mobile payment apps you use. And like your budget, you should monitor and balance your accounts to ensure their security.
Be smart about using credit
Your credit history stays with you throughout your life, so starting strong is important. Ideally, you should have less debt than you have income. Make good choices to help you keep a good credit score: shop for a credit card with benefits such as low-interest rates and cash back; pay all or as much of credit card balances as possible each month; and keep other installment loans up to date, such as student loans and car payments.
Be aware of identity theft
Having personal identification compromised gets easier every day. At Waubonsee, we take extraordinary precautions with your personal records, but there are other simple steps you can take too. Keep an eye on your belongings at all time; use strong passwords for all logins, and change them regularly; and completely log off public computers if you must use them.