SMMC News & Events Blog

This blog highlights news, events, and informative articles on personal finance from University of Illinois System's Student Money Management Center. Feel free to navigate to different categories with the list of topics on the right or search for a specific topic next to the view all link below.

Wealth Building as a Balancing Act

It’s important to save for the future, but also not miss our on life experiences. We discuss keys to wealth building, while balancing short- and long-term goals, in our latest episode of Making Cents of Money.

Special thanks to Donovan Sanchez from University of Illinois Urbana-Champaign's College of Agricultural and Consumer Economics for joining us!

Additional Resources

Previous, related Making Cents of Money episodes:

• Episode 12 – Preparing for Retirement
• Episode 25 – Choosing a Financial Professional
• Episode 33 – Establishing a Vision for Your Life

Get Savvy Webinars (Recorded):

• Conscious Consumerism
• Investing Basics
• Steps to Investing
• Investing Risks & Rewards

Retiree Surveys & Wealth Building Stats sources:

• Hines, M. (2021). Pew Retirement Savings Survey of Near and Recent Retirees: Topline Results.
• Bearden, B. (2022). Retiree Reflections. EBRI Issue Brief, (561). 
• Lucas, L. (2021). Why Do People Spend the Way They Do in Retirement? Findings From EBRI’s Spending in Retirement Survey. EBRI Issue Brief, (522). 
• Killingsworth, M. A. (2021). Experienced well-being rises with income, even above $75,000 per year. Proceedings of the National Academy of Sciences, 118(4), e2016976118.