Financial Wellness
Financial Wellness
The dimension of financial wellness involves satisfaction with your current and future financial situations, and involves things such as income, debt, and savings, as well as an understanding of financial processes and resources. A person’s satisfaction with their current financial situation and future prospects also comes into play.
Financial Wellness Tools and Supports
Financial Literacy
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Financial wellness includes understanding key concepts so you can feel confident in your decision making. How do you know what you don’t know, and need to know, to gauge your own financial literacy? We encourage you to take just a few minutes of reviewing the “Big Three” and the “Big Five” to get a good sense of your own financial literacy.
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If you want to take deeper dives into finances and financial literacy, check out FinLit Talks.
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BONUS! Here at Wellesley College, we are lucky to have Professor Kartini Shastry, and you can watch her Methodological Challenges & Financial Literacy Interventions Talk.
Navigating Needs and Wants
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You may have heard the wise saying, “Pay yourself first” focusing on savings for the future, for emergencies, and we at Wellesley Wellness add, for your own wellness needs. But what might this look like? Check out this great worksheet that helps you categorize and analyze your spending.
You Need a Budget (YNAB)
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You Need a Budget (YNAB) is an app that is free for the first 34 days for all members, and then free for another 12 months for college students! Here you can work on the skills of “giving every dollar a job,” including savings that contribute to your wellness.
Student Financial Services (SFS)
Student Financial Services is here to assist students and their families in understanding the aid application process, parent and student loans, payment plans, student employment, and more. Whether or not you receive financial aid, SFS is here to help families figure out how to pay for college. Click here to learn more about understanding financial aid.
Wellesley Students' Aid Society (WSAS)
The Wellesley Students' Aid Society, Inc. is an organization managed by alumnae dedicated to providing financial and personal support to Wellesley students. The Students’ Aid Society provides short-term loans, tuition loans, and other means of support to Wellesley College students with demonstrated need, supplementing the College’s own financial aid programs.
First Gen/Low Income Network (FLI)
The Wellesley College First Gen/Low Income Network (FLI) connect First Gen Students to peers, faculty and staff, and alumnae in order to build a network of peer resources and mentors while at Wellesley and beyond.
Questions about taxes?
Filing taxes can sometimes be confusing, and while SFS is here to support your financial wellbeing, they are not tax professionals. However, the IRS Volunteer Income Tax Assistance (VITA) program offers free tax help for taxpayers who qualify. Find a provider near you!