What is Financial Wellness?
• Living within your current means
• Developing long term and short term financial goals
• Budgeting effectively to reduce stress associated with debt
Strategies to enhance Financial Wellness:
Avoid student debt while attending university
- Use your debit card rather than a credit card for making purchases
- Take the time to seek out free money in the form of bursaries or awards. These can be external to the university so do the research on and off campus
- Set a limit for yourself for entertainment each week and budget for one night out instead of two or three
Eat nutritiously on a budget
- Take your lunch, snacks and drinks with you to school or work
- Shop the four food groups:
- Grains – Buy day old high fiber breads, they can always be kept frozen
- Vegetables & Fruit – Local, seasonal veggies & fruit are usually cheaper, but canned and frozen are a nutritious alternative
- Milk & Alternatives – Buy yogurt in large containers rather than individual portions
- Meat & Alternatives – Tofu, beans and lentils are fabulous sources of protein and cost a fraction of the price of some meat!
Return back to the Wellness Wheel.
© 2010 by Simon Fraser University-Health and Counselling Services Image adapted with permission of Simon Fraser University-Health and Counselling Services, (July 26, 2010). Simon Fraser University maintains all rights of reproduction and publication to this page and the overall Wellness Wheel.
