Peer Money Mentors Corner

Many of us are trying to get through the semester; making plans for next week and month, at most. The idea of creating a goal for the next six months seems overwhelming and almost impossible. The idea of saving for the future or creating a long-term savings plans also seems impossible. The reality is that by making long term financial goals, it will assist you in keeping short term goals. Many of us wouldn’t make it through the semester if we knew it never ended. To get through every test and paper we have a larger, long-term goal of graduation. The same is true about finances. Making a long-term saving or spending goal gives us something to look forward to, and it makes getting through our daily tasks easier. The trick is breaking it down to short-term goals that can be accomplished weekly. While $20 doesn’t seem like a lot of money saved weekly it adds up to over $1,000 in a year.  Having the picture of the long-term goals in our head makes it easier to restrict spending, and weekly goals make us feel accomplished along the way. Everyone has a long-term financial goal and that goal can begin today. Break it down to manageable steps, and get on our way to accomplishing it. Need help getting started? Email us at money.mentors@bc.edu and get a mentor today!

Best of luck!

Amber Fetzer
Graduate Assistant
Peer Money Mentors

Want to learn about money management in a one-on-one setting?  Ready to
develop healthy financial habits, but don't know where to start?

Connect with a Money Mentor!  Meet with a Mentor to establish a budget,
learn about credit, and set realistic savings goals.

Interested?  Send us an email to money.mentors@bc.edu.