Financial wellness is how one’s personal resources impact other aspects of their life. Striving for wellness in this dimension includes understanding the opportunities, limitations, and responsibilities one’s finances afford them and planning for their financial future. Strong financial wellness means one has a full understanding of their financial situation and can adequately prepare for changes.
Financial wellness is a component of Occupational and Intellectual Wellness. Focusing on interests and unique skills in work allows for personal enrichment and occupational adventure. This concentration on creativity supports a journey towards intellectual growth and stimulation (National Wellness Institute).
We have collected resources that can help you improve mindfulness in the community dimension.
Everyone needs a budget, whether you’re married with kids or a student embarking on an educational journey. While making and sticking to a budget may seem like a daunting task, the process can actually be easier than you think. There are a number of ways to save a few bucks every month.
Use this helpful link to start creating your budget sheet.
Student Budget Calculator
Student Budget Calculator – It can be difficult to know how much money to spend. Use this calculator to better understand your expenses and income for the school year.
Emergency Fund Calculator
Emergency Fund Calculator – This handy calculator helps students have enough money saved if something bad happens.
First Apartment Budget Calculator
First Apartment Budget Calculator – This timely calculator can help students budget for upfront and monthly housing costs.
These organizations on Elon’s campus are purposeful in their integration of mindfulness and wellness in their missions and outcomes.
Elon Women in Finance
Elon’s student-led Women in Finance gives students an opportunity to meet with alumni and other prominent women in the financial industry. The organization focuses on how to make finance more inclusive for all individuals, with a particular focus on issues facing women. Recruiters and other professionals utilize this group to connect with women majoring in finance. Women in Finance has brought female CEOs in the finance industry to campus to discuss gender issues with members. The group provides mentorship opportunities among members and alumni to prepare students for careers in the male-driven industry of finance.
Financial Management Association
Students are invited Elon’s chapter of the Financial Management Association International, a world-wide organization of finance academics and professionals, in order to learn more about the opportunities available in the finance industry. The FMA meets every other week and students of all years and backgrounds are encouraged to join.
The student-led FMA hosts career panels, software training, and a portfolio management simulation (Phoenix Capital).