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What is financial resilience? Financial resilience refers to the ability of an individual to withstand financial shocks and maintain a stable financial situation despite unexpected events. And there are several great ways that you can work to build financial resiliency. Financial resilience encompasses factors such as having an emergency fund, diversifying investments, reducing debt, and having a solid financial plan. Financial resilience allows individuals and organizations to weather financial storms, bounce back quickly from financial setbacks, and confidently pursue long-term financial goals. An individual can gain financial resilience by taking the following steps: Building an Emergency Fund Building an emergency fund provides financial resilience by creating a safety net for unexpected events. An emergency fund can help individuals handle unexpected … Read more

Being a student is an expensive undertaking. From tuition and fees to books and supplies, there are a lot of costs associated with getting an education, and that’s not even taking into account the cost of living. It’s no wonder that so many students find themselves in debt. However, it doesn’t have to be that way. Here are five student-saving tips to help you get started with your financial goals. 1. Identify Your Goal Whether it’s a down payment on a house, paying your student loan, or a cushion of savings to fall back on, knowing what you’re working towards will help keep you motivated. Once you’ve identified your goal, break it down into smaller, achievable milestones. For example, if … Read more