By Pratham Jariwala, Manning School of Business Well-Being Leader

As college students, we have a lot on our minds. Between classes, assignments, exams, and social life, managing money can sometimes feel like another stressful responsibility. Whether it is paying for food, textbooks, transportation, or going out with friends, expenses can add up quickly.

Financial wellness is not about being rich or having a lot of money in your bank account. It is about understanding how to manage the money you have and making choices that support your goals and peace of mind.

Start Small, Stay Consistent

One of the easiest ways to improve your financial wellness is to understand where your money goes. You do not need a complicated spreadsheet or an expensive app. Simply writing down your income and expenses can help you notice spending habits you might not have realized before.

Here are three simple habits you can start practicing:

• Make a budget: Set aside money for important expenses first, then decide how much you can spend on fun activities.
• Save a little at a time: You do not need to save hundreds of dollars every month. Even putting away a small amount regularly can help you prepare for unexpected expenses.
• Think before spending: Before buying something, ask yourself whether you really need it or whether you can wait a few days before making the purchase.

Your Money and Your Mental Health

Money and mental health are more connected than we might think. Worrying about expenses can make it harder to focus on school, enjoy time with friends, or get enough rest. Having a simple financial plan can help you feel more organized and confident about your decisions.

It is also important to remember that everyone’s financial situation is different. Some students work while studying, some receive financial support from family, and others depend on scholarships or financial aid. There is no single right way to manage money, and you should not compare your financial situation with someone else’s.

Take the First Step Today

You do not have to figure everything out at once. Start by checking your recent expenses, setting one small savings goal, or learning something new about budgeting. If you need support, UMass Lowell also offers financial wellness resources, including The Financial Seed, which helps students learn about money management.

Financial wellness is a journey, not a competition. The goal is not to stop enjoying life or worry about every dollar. It is to build healthy habits that help you feel more prepared for the present and the future.

Remember: small steps today can lead to greater financial confidence tomorrow.