6 Financial Planning
Financial planning is the process of evaluating your current financial situation, setting short and long-term monetary goals, and creating a strategy to achieve them.
Building a financial plan can help you:
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Avoid Debt: Building a financial plan as a college student is important because it helps you keep track of your money, like student loans and living costs, and stops you from spending too much and getting into debt. If you monitor your expenses and set financial goals, you will be more ready for success with your finances both in college and after.
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Build Savings: Financial planning encourages you to set aside money regularly, allowing you to save for emergencies, education, or other future needs.
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Reduce Stress: Knowing that you have a plan for your finances can alleviate anxiety and provide peace of mind, allowing you to focus more on your studies and personal growth.
SUPPORT/FEEDBACK
- Get help with building a financial plan by submitting your request through the SEEK Academic Support Center (ASC) system. Click here to complete the survey.
- For those in AGRO 101 course ( SEEK Financial Planning and Budget Course), you can get feedback from your Professor.
- Contact your advisors for assistance – Dr. Rebecca Cenatus – rcenatus@mec.cuny.edu Ms. Takisha Randall – Trandall@mec.cuny.edu Dr. Jewel James – jjames@mec.cuny.edu
- MEC Career Management Center – Career Management Contact Information website: https://www.mec.cuny.edu/student-success/career-management/resources/
References
Burkett, O. (2024). Advantages to Budgeting as a College Student. https://www.snhu.edu/about-us/newsroom/education/budgeting-for-college-students?
Geier, B. (2024, December 6). What Is Financial Planning? Definition, Meaning and Purpose. https://smartasset.com/financial-advisor/financial-planning-explained?
