Hollins University students received a crash course in personal finance during Financial IQ, an interactive program led by Director of Financial Aid Mary Jean Sullivan, on January 17.
The importance of creating and sticking to a personal budget was the crux of the program, which also emphasized taking stock of one’s own financial situation, learning the difference between “need” and “want,” the significance of an individual’s credit score, avoiding identity theft, and where to find resources from experts in personal finance.
“Knowing and understanding money while you’re young and still in college is empowering, and excellent preparation for life after you graduate,” Sullivan explained. “The workshop’s goal is to help students gain a better understanding of money management practices and to take the time to look at their finances.”
Financial IQ welcomed students from across the spectrum. “I attended not only because I’m a business major, but also because I like to save money,” said Sheyann, a first-year student. “I’m excited to apply what I learned to my business skills and my personal life.”
Josalyn, a graduate student, added, “Learning about personal finance is absolutely necessary, and I think this workshop was very practical.”
