You’ve heard of mental wellbeing and physical wellbeing, but how about financial wellbeing?
Financial wellbeing is simply about feeling comfortable and in control in your finances, both now and in the future. Your financial wellbeing can also impact on your physical and mental wellbeing, so it’s important to look after it.
It’s a big learning curve for many and something which needs to be nurtured over time, so it’s OK if you don’t get it straight away. Sometimes you might even need a helping hand, so we’ve highlighted the best ways to get started and some of the support we can offer if things go a little off track.
Here’s how to get started:
- Create a budget. Knowing what’s going in and out of your bank account is the most important thing you can do to keep control of your money. It’s really easy to do, but if you need a helping hand, book an appointment with our Student Money Advisers who’ll work with you to put your budget together and find other ways you can cut down your costs.
- Explore some of the best student discounts, but remember if you’re saving 20%, you’re still paying for 80% of the cost, so only buy what you actually need. You’re not really saving money if you weren’t planning on buying it in the first place.
- Find out how you could save money on healthcare costs such as eye care, dental care, and prescription fees.
- Make sure you’re up to speed with your banking. Most banks have budgeting tools built into their apps so you can track your spending and know when you need to slow down.
- If you’re on the move, have a listen to a podcast full of money saving tips.
- Check out our Chester Aspire Portal for more tips and guidance on how to get off to a flying start with your finances.
If you’d like to book an appointment with one of our Student Money Advisers, give our Student Services Helpdesk a call on 01244 511550 or drop them an email at studentservices@chester.ac.uk.