" Financial Literacy Month: NYU Financial Education" with graphic images of pencils, coins, dollar bills, and a piece of paper

Hi NYU students,

Talking about your finances doesn’t always have to be scary. April is National Financial Literacy Month and the NYU Financial Education team is ready to support you and your financial journey, no matter where you are. Our team is dedicated to providing you with the skills and knowledge to effectively manage your finances every day.

We understand finances can be tricky and want to assist you on your journey to a bright financial future. Happy Financial Literacy Month!

Sincerely,
Natasha Bean
Program Director of NYU Financial Education

Instagram Contest

Throughout the month, join us on social media for weekly videos and questions that follow topics such as budgeting, saving, understanding taxes, credit, and more.

On Mondays, we will post a question on our Instagram story. Answer our question and you will be automatically entered into a raffle to win one of our great prizes:

  • Hydroflask water bottle
  • Bose portable speaker
  • Air Pods
  • NYU umbrella

This contest is for NYU students only, employees are not eligible. 5 winners will be chosen randomly at the end of the month. Good luck!

What is Financial Literacy Month?

In 2004, U.S. congress passed a bill to recognize April as Financial Literacy Month. This was to raise public awareness about the importance of financial education in the United States. We are dedicated to providing you with the skills and knowledge to effectively manage your finances every day.

What’s Your Financial Personality?

To kick off this month, it’s a good idea to become familiar with your current financial habits. Do you carry student loans? How much are you saving each month? Here are some guides from iGrad to help you get started:

Student holding books

Paper clips, paper, pencil

Photo by NORTHFOLK on Unsplash

Budgeting and Saving

A budget is essentially a list of items that you pay other people or companies. How about paying yourself? Establishing savings is how you save money for yourself. The best way to save money is to actively and consciously prioritize saving instead of waiting until after you’ve budgeted all other items (entertainment, bills, etc.).

Check out these free courses and articles in iGrad to give you strategies on how to budget and save:

2021 Tax Deadlines Extended

Mark your calendars: The federal income tax filing due date for individuals for the 2020 tax year was extended to May 17, 2021. The New York state tax deadline was also extended to May 17. If you’re not a New York state resident, you will need to confirm the tax deadline in the state you reside in.

May 17 Calendar

Person sitting on top of coins

Photo by Mathieu Stern on Unsplash

Credit and Debt

What is the difference between credit and debt? Credit allows you to borrow money with the understanding that you'll pay later. Debt represents the money that has been borrowed but not yet been paid back.

It is important to understand that debt and credit are not inherently bad things, however understanding how to use them responsibly and to your advantage to build your credit score and overall financial health.

Books

Photo by Elisa Calvet B. on Unsplash

Financial Resources

The learning and support doesn’t stop when Financial Literacy Month is over. NYU has lots of different financial resources and offices to help students all year round.

An office that provides students with the education and resources to effectively manage their short and long term financial goals. Financial Education offers one-on-one coaching appointments to support financial wellness, presentations and workshops on managing a budget in NYC, campus events, a resources page online, and iGrad.

Non-exhaustive list of scholarships and grants, funds you do not need to repay.

Financial assistance that helps students and their families cover the cost of college. This includes scholarships and grants from the government and NYU (which do not need to be repaid), federal and private loans (which do need to be repaid), as well as opportunities for student employment, often called work-study, at NYU.

Interactive, online platform that offers a suite of tools designed to provide you with knowledge on financial topics including budgeting, financial aid, banking, investing, and more. There are videos, calculators, articles, recommendations, games, and other resources that can help improve your finances.