Why is learning about your money important?

Pam Fowler
It's easier to begin healthy habits than to fix bad ones. That goes for personal finances as well as other facets of life.
Try to get into a budgeting rhythm when you have control and not when it is forced upon you by your circumstances.

Starting now will put you on the path to a financially secure future. This website is a tool designed to offer you details about basic personal finance, laying the groundwork for your years in college and beyond. 

We also offer links to favorite personal finance websites and tools, basics about financial aid from the U-M Office of Financial Aid and ongoing news of interest. Explore the information provided here to find out about basic budgeting, investing and the everyday pressures of college and how they affect your financial life. 

We're here to help. Remember, this is your money and your life.

-- Pamela W.Fowler, Executive Director, U-M Office of Financial Aid
Strategies to strengthen your resolve and finances

Dreams are possible if you are savvy about managing your money. The process: Set a goal, make a plan and take action. 

What’s at stake? Money, time, energy, family and friends. Prioritize everything and stick with your plan.

Goals take several forms: short-term, intermediate-term and long-term. Short-term goals equate to three months or less, intermediate are usually reached within the year and long-term goals are plans for those of more than one year. Make your goals meaningful and write them down so you can see them often and integrate them into your everyday life. 

Visit the Personal Finance Topics at the top of this page to explore tips about budgeting and managing your money.

-- Kristin Bhaumik, Associate Director for Advising and Eligibility and Financial Literacy, 
U-M Office of Financial Aid

Personal Finance Blog

  • For Financial Literacy Month: Learn money lessons while young Saturday Night Live's Kate McKinnon hilariously demonstrates the importance of teaching kids about money at a young age. But, there are lessons for us all. Take a look:
    Posted Apr 17, 2018, 9:32 AM by Your Money Your Life
  • Thoughts are things when it comes to money: The New York Times Sketch Guy and certified financial planner Carl Richards takes a look at a variety of topics regarding personal finance. In this article " Feeling the Urge to ...
    Posted Mar 6, 2018, 7:52 AM by Your Money Your Life
  • FASFSA expected to go mobile in 2018 The Free Application for Federal Student Aid is expectedt to get a makeover in April, making the fafsa.ed.gov website mobile and tablet friendly, according to Inside Higher Ed ...
    Posted Nov 29, 2017, 12:29 PM by Your Money Your Life
  • A Guide to Staying on Top of Your Student Loan: This New York Times guide has several areas of focus for students preparing to graduate and enter repayment on their student loans: Student Loans 101 offers general guidance about repayment ...
    Posted Jun 7, 2017, 6:24 AM by Your Money Your Life
  • Report looks at student, family choices in college Consultants Pricewaterhouse Cooper recently released a white paper looking at the college costs and the impact student loan debt has on the future lives of young adults. "Families should approach ...
    Posted Apr 21, 2017, 6:29 AM by Your Money Your Life
  • Completing your 2017-18 FAFSA without IRS Data Retrieval The U.S. Department of Education and the Internal Revenue Service halted the use of the IRS Data Retrieval Tool, commonly used by to complete the Free Application for Federal ...
    Posted Mar 23, 2017, 7:15 AM by Your Money Your Life
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