RARE’s New Financial Literacy Webpage
RARE has created a new financial literacy webpage to assist students in developing successful practices and habits regarding money as they continue their educational pursuits.
Financial literacy is the knowledge of how to make smart decisions with money throughout your life. Paying for college often starts with the search for scholarships and grants which are awards that do not have to be paid back.
However, affording college is more than just successfully navigating through all the initial financial requirements. It includes preparing a budget, knowing how much to save, deciding favorable loan terms, understanding impacts to credit, and even learning how to fund retirement.
The five major financial literacy principles are: earn, save and invest, protect, spend, and borrow.
Understanding interest, budgeting, debt management, credit, identity theft protection, savings, and financial goals can make a huge difference to your financial success.
This informative financial literacy webpage includes details about two very important topics: Scholarships and Grants that are currently available (including the James A. Davis Jr. Memorial Scholarship) and a listing of several online Links to Financial Resources.
It is RARE’s hope that this information will serve as a valuable guide to financial success as students plan for their college years and beyond!
