The Road to Financial Wellness 2.0 kicked off with a campus pit stop held at IFNH on Thursday June 2nd. Jason Vitug, a 2007 graduate of Rutgers Business School and founder of Phroogal—a social media company providing financial information targeted to millennials—is embarking on his 2nd annual financial education journey across the United States with 50 events in 50 states over 107 days, covering 15,000 miles, to raise awareness of personal finance and to encourage people to make better financial decisions. Vitug will kick off this road trip in his hometown of Elizabeth, NJ, on Tuesday June 7. Barbara O’Neill, Rutgers Cooperative Extension specialist in financial resource management, invited Vitug and two guest panelists—Pamela Callender, business development and marketing manager at Rutgers Federal Credit Union (RFCU), and Kim Cole, Navicore Solutions and New Jersey Coalition for Financial Education—to speak to the campus audience and provide specific tips to improve a person’s financial wellness.
In addition to the presentations, during his journey Vitug and his Phroogal team will be posting and sharing stories at #TheRoad2016 and encourages everyone to ‘come along for the ride.’
The Rutgers seminar began with Vitug talking about his own financial history including the $5,000 credit card debt he graduated with and ‘living paycheck to paycheck, despite a six-figure salary.’ In recounting this, he emphasized the importance of life planning and smart spending. Vitug told the audience to dig deep and ‘envision your dream life style’ so that you have a life plan which your financial plan then supports. Contrary to popular wisdom, he explained that money can make you happy if it fulfills what you need and love, rather than just like and want. Is that big house part of your real dream or just ‘keeping up with the Joneses?’