Feb. 2, 2012
PITTSBURGH--The University of Pittsburgh Cathy and John Pelusi Family Life Skills Program held a Financial Education workshop at the Petersen Events Center on Wednesday. The event focused on financial topics student-athletes will face as freshmen at Pitt.
"One of the issues we addressed was the next transition phase of moving off campus," said life skills coordinator Austin Ransom. "A lot of our student-athletes are in a comfort zone because they don't see their housing bill. When they start looking to move into their first apartment, however, there are going to be a few things they need to know - selecting a roommate, setting up utilities and how to pay rent."
The program is given to assist student-athletes with developing good financial practices and habits. Topics included personal budgeting, raising awareness of credit card use and transitioning from living on campus to off-campus housing. Student-athletes also learned how to select roommates that would be a compatible fit for them.
"I've learned that it is important to select a roommate that suits me and not just someone who is a friend," said Malcolm Gilbert of the men's basketball team. "It's also important to have renter's insurance in case of a fire or break in. Since I am considering living off campus while at Pitt, this information was valuable. Tonight was time well-spent."
"It was interesting to hear how quickly your money goes between bills, groceries and having a car on campus," said women's tennis player Molly Wickman.
"You can very easily go into debt because you are more likely to buy things you don't need with a credit card," said Amanda Wickman of the women's tennis team. "Paying bills late will affect your credit down the line, so it's also important to consider that when making purchases, too."