STORRS, Conn. -
The University of Connecticut Division of Athletics recently hosted a series of financial planning seminars for student-athletes on February 12-13.
The seminars featured speakers from Morgan Stanley Wealth Management-Global Sports & Entertainment and were for freshmen and transfer students.
Former NFL player Bart Scott and Aaron Harding, a financial planner from PricewaterhouseCoopers, were the primary presenters. The workshop taught the student-athletes how to best manage finances -- whether as professional athletes or in a more traditional job out of college.
The event was very beneficial for all student-athletes. Batouly Camara, of the women’s basketball team, shared that it was the best financial workshop she has ever attended as it was extremely relevant.
“The group of athletes that attended the workshop was engaged and focused throughout the entirety of the workshop,” said Coordinator of Student-Athlete Development and Community Outreach Trisha Hawthorne-Noble. “The facilitators did an awesome job at presenting the material.”
The student-athletes heard that the best practice for managing finances is to make it, protect it, save it and grow it. Make it – manage and plan a basic budget and importance of tracking expenses; Protect it – how to check, maintain and improve credit score; Save it – make better purchasing decisions for short and long term; Grow it – smarter investing practices.
Student-athletes acted out real-life scenarios to see how their spending decisions affected annual net income. There was also a trivia game competition to test financial expertise.