KNOW YOUR $
Why even budget?
Here's why...
In 2019-2020, 57% of Illinois college graduates had student loan debt.
The average debt loan of an Illinois college graduate in 2019-2020 was $28,552.
From a small case study conducted by the Wolves of Wall Street in 2022, it was found that 40% of students do not budget and about 40% of scared to invest in stock market.
The US Department of Education states
Budgeting helps you answer these important questions:
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Where does all my money go?
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Is there a way to spend less?
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How will I handle unexpected expenses like replacing a broken cell phone or repairing my car?
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How can putting money into savings help me with some of my bigger financial goals?
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According to study from the American Psychological Association (2022), 65% of respondents said money is a significant source of stress.
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Young people are more stressed about money, with 82% of Generation Z (ages 18-25) and 81% of Millennials (26-43) reporting that money is a significant source of stress.
By using Budgeting Ring on Illini App & signing up for weekly texts...
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Students will be able to get less stressed out about money and can focus on academic/personal tasks.
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Budgeting → more financial stability → less stress/worry/pressure → good outcomes (academic/career)
Start KNOW YOUR $ Today!
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