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November is Financial Literacy Month

Here are 3 useful tips on managing your money and funding your education with ease
October 29, 2018
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By Judy Lashley

Face your money issues head-on with help from Concordia's Financial Aids and Awards Office. A little wiggle room in your budget for social activities is a good way to keep on top of your spending.

Sometimes it’s the little things you don’t know that can have a huge impact on your financial well-being — filling you with stress and ultimately affecting your studies. 

And it’s those little things that can turn out to be key to feeling calm about your future and in control of your money. 

In an effort to alleviate stress and put you on the path to financial wellness, the Financial Aid and Awards Office has some ideas to help you get ahead.

In recognition of Financial Literacy Month, here are three little-known tips for managing money as a student:

Many student awards are not based on your grades

Leadership, life skills and heritage are just some of the things considered instead of grades in more than 86 per cent of the awards listed on ScholarshipsCanada.com. Do your research and find out which awards apply to you.   

Taking longer to complete your program of study could be costly 

Frequent changes to your program and repeating or dropping courses can prolong the time you need to finish your program. And time is money! Do some research in advance and make sure that you follow your academic plan. 

The way you spend your money can affect your academic dreams

Too much unplanned spending could result in running out of the money you need to pay your school fees. If you don’t want to come up short, put some “fun money” into your budget! 

A little wiggle room in your budget for social activities is a good way to keep on top of your spending and leave you with funds to cover your educational expenses. 

Remember, if furthering your education is your goal, then make it your priority when deciding where to spend your money.

 

Visit the Financial Aid and Awards Office Fun and Games Kiosk on November 6 between 11 a.m. and 4 p.m.in the atrium of the Engineering, Computer Science and Visual Arts Integrated Complex (EV Building) as part of the Government of Canada’s Financial Literacy Month.  

Enter the student sweepstake to win a gift card valued at $25, $50 or $100 dollars from the Concordia Bookstop.



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