Happenings: Financial Planning for Bobcats

Money Savvy Cats program aims
to educate students about finances

The last time anyone checked, more than eight out of 10 college students had a credit card — and an unpaid balance.

The average senior, according to statistics compiled by Sallie Mae, will graduate with more than $4,000 in credit card debt, on top of any student loans. The average debt carried by college students is $3,173, almost double the figure from 2004.

Only 17 percent of students pay off their entire balance every month; 22 percent pay just the minimum.

Those are just some of the reasons the Texas State financial literacy program, Money Savvy Cats, was established.

Money Savvy Cats is launching its spring series of programs with a session on credit cards called “How Credit Really Works,” Tuesday at 5:30 p.m. in the LBJ Student Center, room 3-5.1.

The program’s primary mission is to improve the financial well being of Texas State students through education about personal finance, money management and credit management.

The program is presented by students for students, as a way to provide unbiased information about finances and identify financial options. Money Savvy Cats also has a Facebook fan page.

Here are the topics for this spring:

  • How Credit Really Works, Tuesday, 5:30-7 p.m., LBJSC 3-5.1
  • Why is My Credit Report Important? Wednesday, March 30, 6:30-8 p.m., LBJSC 3-13.1
  • Relationships and Money Management: What should I consider? Monday, April 18, 5:30-7 p.m., LBJSC 3-3.1

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