Financial fitness

Course description

Financial Fitness recognizes that personal financial skills and healthy money management are critical to personal health and wellness. This course covers a broad range of topics to help students work toward achieving financial wellness, including aligning spending with personal values and priorities and feeling prepared for financial changes.

Course Themes

Personal wellbeing is linked to a person’s financial wellbeing. How do our values affect how we make financial decisions?

  • Personal money values
  • Defining financial wellness
  • Health outcomes associated with financial strain
  • Money in American culture

Fundamental financial skills are introduced to help students navigate everyday financial decisions and meet their goals.

  • Banking choices and setting financial goals
  • Creating and following a budget
  • Everyday ways to save money while in college and beyond
  • Financial decision–making

Facing college expenses or taking on student loans can create a lot of stress, particularly if the short– and long–term consequences are not understood.

  • Debt basics (including credit card debt)
  • Understanding the impact of unpaid debt
  • Student loans and repayment options
  • Financing one’s education
  • Treating one’s credit score and report as an asset

Securing employment after college, buying a car and choosing health insurance are some common milestones for students. What steps can students take to be better prepared for these events or unexpected ones?

  • Common milestones and how to plan ahead
  • Insurance and other ways to mitigate financial risk
  • How to identify scams, fraud, or signs of identity theft
Opening quotes

Honestly, until very recently, I did not have a budget because I always thought they were ‘too hard’. I like that this lesson gives you every tool you need for creating a budget...

Closing quotes
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There were a lot of things in this lesson that I had never thought about cutting back or saving on. It was very helpful and provided tons of ideas that are extremely feasible!

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...this lesson is realistic in that it's inevitable that a college student will ‘mess up’ once in awhile, and the lesson also teaches you how to reach out for help.

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[The assignments] helped me analyze my past to help me understand my present financial values/behaviors. They also helped me identify my values and how they come into play with my financial behaviors.

Closing quotes
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[The Paying For School] lesson provided a wide variety of options that could be relevant to all students, even those who may be considered ‘Non–traditional’ students.

Closing quotes

Students are starting college and entering the workforce with inconsistent and often limited financial literacy, as evidenced by an average score of 67% for 19- to 24-year-olds on the National Financial Literacy Test. —National Financial Educators Council