Making Financial Decisions

Financial Literacy means having the knowledge and skills about money that allow you to make effective financial decisions. It is essential to achieving financial independence and your future goals. A high level of financial literacy helps you pay for college; decide on a career; develop a monthly spending plan; manage credit cards; and save for a car or home purchase, retirement, or giving back to the community.

Evaluate your Financial Goals

How you manage your money can help you achieve your financial goals. The following are useful resources to help you establish financial goals:

Recommended time frame, 1-15 credits.

Manage Student Loan Debt

The following are useful resources to help you establish and manage student loan debt:

  • Your CCV Financial Aid Counselor can help you examine your current and projected college loan debt and discuss how much annual income is needed to successfully repay your student loan. They also can help you develop a spending and savings plan and talk about tools to help you manage your finances.
  • National Student Loan Data System – Review your outstanding federal student loans. You will need your FSA ID number to log in.
  • Mapping Your Future: Decide how much you can borrow (debt/salary wizard) – project what loan payment you can afford.

Develop a Spending and Saving Plan While in College

It is important to have a financial plan so your money is going toward expenses that matter the most to you. The following are useful resources for developing a financial plan:

Recommended time frame, 16-30 credits.

Estimate Projected Salary

When you have made a career choice, we recommend you estimate your salary so you can establish financial goals and manage student loan debt.

Recommended time frame, 31-45 credits.

CCV Course Connections

Courses that incorporate financial literacy components:

    • Introduction to College Studies (DEV-0280)
    • Dimensions of Freedom (INT-1060) and Dimensions of Work (INT-1061)
    • Personal Finance (BUS 2140)
    • Microcomputer Applications I (CIS-1041)
    • Mathematical Concepts (MAT-1030)

 Additional Resources

  • Your CCV Academic Advisor can help you choose courses with financial literacy components. They can also speak with you about career options for each degree plan.
  • CCV faculty may be able to help you with questions about financial literacy.
  • VSAC offers Financial Literacy workshops.
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