MADISON, Wis. (12/30/14)--With just one session completed, the University of Wisconsin-Madison's first Financial Life Skills class already has students rethinking their spending and budget habits.
The one-credit course, which was developed through a collaboration between $1.8 billion-asset UW CU, Madison, Wis., and the university's School of Human Ecology, just finished its inaugural class with 20 undergraduates.
Learning to resist expensive temptations of junk food was among the lessons learned.
Sophomore Emily Martin's weaknesses were Cool Ranch Doritos and Diet Coke, while freshman Brian FitzGerald has cut his daily coffee-and-muffin routine.
"I'm really bad at financial stuff," Martin told the Wisconsin State Journal (Dec. 27). "Any new information I can get can only help."
Classes for both under- and upperclassmen are set for second semester, with 100 students enrolled.
Michael Collins, a consumer science professor and director of the university's Center for Financial Security, said the class is meant to be a more broad-based financial life skills course and fills a need for all students to learn more about personal finances.