Resources and Tools for Student Financial Literacy

Carly Benson | June 02, 2023

Edited by Hannah Locklear

Financial literacy is all about knowing your money game. It's understanding how to make money, handle it, save it, and grow it. It helps you with all kinds of adulting stuff like managing credit, planning for retirement, and making sense of taxes.

In today's world, where money matters get a tad complex, being financially literate is super important. And if you’re a college student, it’s the perfect time to educate yourself on finances so you can set yourself up for a healthy financial future. Plus, doing so can help you make smart choices about loans, housing, tuition, career paths, and even retirement.

But let's be honest, most of us weren't taught this stuff in school, right? Luckily, there are plenty of financial resources you can utilize to stay financially fit, even during your university days. In this article, we’ll discuss such financial tools.

Are you already struggling with student debt? Use SoloSuit to fight off debt collectors, respond to a debt lawsuit, and settle your student debt for good.

The importance of financial literacy

Financial literacy is like your secret weapon in life. It's more than just being able to balance a checkbook, it's about making your money work for you instead of the other way around.

When you're financially literate, you can make better decisions about saving, investing, and using your money wisely. You can avoid nasty surprises like debt and bankruptcy. Plus, it can even open up opportunities you never knew existed, like starting a business or investing in real estate.

But here's the kicker: financial literacy can also give you peace of mind. With financial literacy, you're not constantly worrying about money, because you understand how it works and have a plan to make it work for you.

So, being financially literate is a big deal. It empowers you to take control of your finances and live a life of financial freedom and security. That's why it's so important to start learning about it as soon as possible.

These financial resources and tools can help you avoid student debt

Becoming financially literate can sound like a bit of a chore, especially when you are living a busy college student life. However, with the right resources, financial literacy can be made simple and help you graduate college debt-free. There are tons of resources and tools out there to help students like you become financially literate, and break down a few of these tools below.

• Financial literacy websites: Websites like Investopedia, MyMoney.gov, Forbes, and Khan Academy offer loads of articles, tutorials, and videos on everything from basic budgeting to investing in stocks. You can use these websites as your online financial literacy textbooks!


• Budgeting apps: Apps like Mint, YNAB (You Need a Budget), and PocketGuard can help you track your spending, create budgets, and even sync your bank accounts so you can see exactly where your money is going. Using a budgeting app can help you form good spending habits that will likely follow you the rest of your life. Think of it as a personal financial advisor in your pocket.


• Financial podcasts: If you're a fan of podcasts, check out shows like "The Dave Ramsey Show," "Planet Money," and "Money For the Rest of Us." They break down complex financial topics into bite-sized, understandable pieces.


• Online courses: Websites like Coursera and Udemy offer online courses on financial literacy. These courses range from beginner to advanced, so there's something for everyone.


• Financial blogs: Blogs like "The Simple Dollar" and "Mr. Money Mustache" offer practical tips and advice on saving money and living frugally. Plus, they often share personal stories that can inspire and motivate you.


• Financial calculators: Bankrate and NerdWallet offer free financial calculators that can help you figure out things like loan payments, interest, retirement savings, and more.


• University financial courses: Finally, if you’re attending university, you may as well take advantage of your campus resources and enroll in a financial literacy class. Most colleges offer at least an intro course to finance, and taking it can help you water two plants with one hose.

Using any of these tools, and ideally a combination of them, is a great way to begin your journey to financial security and freedom.

Choose the right financial tool for you

Picking the right tool for financial literacy is like choosing the perfect pair of running shoes. You need to find something that fits your needs, your comfort level, and your lifestyle. Here are a few tips on choosing the right financial tools for your specific needs:

• Identify your needs. Whether you’re a total newbie when it comes to finance, or you just want to brush up on certain aspects, or you need specific help with budgeting or investing, it’s important to pinpoint your specific financial literacy needs. Find the areas you lack, and choose the tools that will help most in said areas.


• Consider your learning style. Some people prefer taking a course or reading articles, books, and blogs over watching videos and listening to podcasts. Identify your learning style and choose financial literacy tools that match it.


• Read reviews and recommendations. Learn from the experience of others. Look at reviews and ask around for recommendations. You can check out user reviews on app stores, or look for blog posts and articles reviewing financial literacy resources.


• Try before you buy. Many apps and online courses offer free trials. Take advantage of these to see if you like the tool before committing to it.


• Don't be afraid to mix and match. Like we said before, combining these tools is your best bet. You don't have to stick to one resource. You might find that one website is great for learning about investing, while a certain podcast is fantastic for budgeting tips.

Learning about finances doesn’t have to be a burden. If you choose the right resources and tools, you might even find that you enjoy improving your financial literacy.

Find the time to learn about financial literacy as a student

Being a student is no easy task, especially when you're trying to juggle schoolwork and pick up essential life skills like financial literacy. And, we all know that time is a luxury that many students can't afford.

That's where delegation comes in handy. For instance, if you're swamped with essays and assignments, consider getting a little help. There are professional writing services out there that can take that load off your shoulders. Maybe you’ve heard that Edubirdie writes essays and research papers of top quality. You can ask them to write your essay for you, giving you some much-needed time to focus on understanding the money game.

Resolve your student debt

Perhaps you’ve already accumulated a lot of student debt and are looking for a way out. If so, consider settling your student debt with the help of SoloSettle.

SoloSettle, powered by SoloSuit, is a tech-based approach to debt settlement. If you have been sued for student debt, you can use the SoloSettle software to send and receive settlement offers to your lender until you reach an agreement with them. But first, be sure to respond to the debt lawsuit in order to avoid default judgment.

To learn more about how debt settlement, check out the following video:

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.

• Alabama
• Alaska
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• Delaware
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Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.

• Absolute Resolutions Investments LLC
• Accredited Collection Services
• Alliance One
• Amcol Clmbia
• American Recovery Service
• Asset Acceptance LLC
• Asset Recovery Solutions
• Associated Credit Services
• Autovest LLC
• Cach LLC
• Cavalry SPV I LLC
• Cerastes LLC
• Colinfobur
• Covington Credit
• Crown Asset Management
• CTC Debt Collector
• Cypress Financial Recoveries
• Delanor Kemper & Associates
• Eagle Loan of Ohio
• Educap
• Estate Information Services
• FIA Card Services
• Forster & Garbus
• Freshview Solutions
• Fulton Friedman & Gullace LLP
• Harvest Credit Management
• Howard Lee Schiff
• Hudson & Keyse LLC
• Integras Capital Recovery LLC
• Javitch Block
• Jefferson Capital Systems LLC
• LVNV Funding
• Mannbracken
• Mariner Finance
• Medicredit
• Michael J Adams PC
• Michael J Scott
• Midland Funding LLC
• Mullooly, Jeffrey, Rooney & Flynn
• Mountain Land Collections
• MRS Associates
• National Collegiate Trust
• Nationstar Foreclosure
• Northstar Capital Acquisition
• NCEP LLC
• NRC Collection Agency
• OneMain Financial
• Palisades Collection LLC
• Pallida LLC
• Paragon Revenue Group
• Pinnacle Collections Agency
• PMAB LLC
• Portfolio Recovery Associates
• Provest Law
• PYOD LLC
• Reunion Student Loan Finance Corporation
• Revenue Group
• Regents and Associates
• RSIEH
• Salander Enterprises LLC
• Second Round Sub LLC
• Security Credit Services
• Sherman Financial Group
• Suttell and Hammer
• T-Mobile
• Transworld Systems
• Tulsa Teachers Credit Union
• UCB Collection
• Velo Law Office
• Velocity Investments
• Waypoint Resource Group
• Weinberg and Associates
• Wolpoff & Abramson

Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

• Bank of America
• Capital One
• Chase
• Credit One Bank
• PayPal Synchrony Card
• SYNCB/PPEXTR
• Synchrony Bank
• Target National Bank
• Wells Fargo

Going to Court for Credit Card Debt — Key Tips

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Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

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Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

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The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

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