Each week, we are sharing a financial wellness tip to help you make the connection between financial management decisions, your overall wellness, and student success. Money touches every aspect of our lives, and a lack of financial literacy can cause unnecessary stress and negatively impact one’s mental and physical health.
Developing a Budget: Understanding Income
The first part of developing a budget is understanding what income you have. As a college student, this might include a student loan refund, money from family, or an on or off-campus job.
RIT provides a variety of on-campus employment opportunities for students. To find a job on campus, you can check out job postings on Career Connect and select the “on-campus” filter. You can also find job opportunities on department bulletin boards, by talking to faculty and staff members in departments of interest, or by connecting with students who are already working in an area that interests you about any potential openings.
Student employees are paid bi-weekly on Fridays, and you will receive a regular paycheck. Student employees are strongly encouraged to register for direct deposit. With the direct deposit option, you can designate how your paycheck is deposited, which can be into more than one account. For example, you can designate a specific dollar amount to be deposited to your emergency/savings account and the remaining balance into your checking account to pay your bills. This is how you can begin PAYING YOURSELF FIRST, as well as start a habit of saving!
