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- Know your credit score.
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Your credit score plays a critical role in your ability to get a loan or credit card, and yet many students don’t know their credit score.
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Request a free copy of your credit report from each of three major credit reporting agencies – Equifax, Experian, and TransUnion – once each year at AnnualCreditReport.com or call toll-free 1-877-322-8228.
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If you notice any errors, report them.
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- Commit to regular financial check-ins.
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Once you have a budget, savings goals, and general financial plan in order, set aside time for regular financial check-ins with advisors at your campus money management office or bank. Getting into the habit of doing this early and often will promote responsible spending and savings practices and lay the groundwork for future financial success.
In addition to the steps listed above, there are many resources available that can help students with money management and building greater financial security over time. To access these resources, visit wellsfargo. com/financial-health, or check out Our Money Matters, a free financial wellness hub supported by the Wells Fargo Foundation. To sign up, visit money-matters.org” target=”_blank” rel=”noopener”>www.our–money-matters.org
“One of the key things I tell young people is ‘practice makes permanent’ – practicing good financial habits gives you a solid foundation, even as your circumstances change,” said Ben-James Brown, a financial health program manager for the Wells Fargo Foundation. (StatePoint)
