What Every College Student Must Know About Personal Finance
Before discussing personal finance for college students, it's vital that you first understand one concept: the things that makes one happy are usually things that are easy and things that one is good at. If you understand this idea, that you will see why personal finance is not easy nor enjoyable for college students.
For college students, personal finance typically concerns long term goals but most college students only have an objective of getting a job when they graduate and anything beyond that is unclear. At this point, you are most likely wondering how personal finance may ever be practiced by students in college. The average student at college will not keen on applying personal finance management in their lives unless it assures some form of happiness immediately or in the future for the student.
There is already plenty of information available for students on campus about how to save money, however, most of this information is not absorbed by students because they are written by people who don't know how college life is these days.
This article takes into account the above problem and provides some practical steps which you can take if you are a college student wanting to make personal finance easy. These steps will also lead to greater happiness in your life.
A good tip is to make the account automatic so that it takes out some dollars every week from your checking account. This way, saving is done automatically without you thinking about it or even realising it.
Apart from the 2 steps discussed above, it is recommended that you look for cheaper forms of entertainment, never apply for credit cards, eat on campus, always take advantage of free stuff and always ask around to find the best place to purchase anything.
In relation to personal finance for students at college, you should still always do thing that will make you feel good. Even though this may be a rather shocking finisher to your personal finance tip list, you are in college, and this is the time to experiment. It's highly likely that as a college student, you will do some ridiculous things with your personal finance which you will regret and never forget.
For college students, personal finance typically concerns long term goals but most college students only have an objective of getting a job when they graduate and anything beyond that is unclear. At this point, you are most likely wondering how personal finance may ever be practiced by students in college. The average student at college will not keen on applying personal finance management in their lives unless it assures some form of happiness immediately or in the future for the student.
There is already plenty of information available for students on campus about how to save money, however, most of this information is not absorbed by students because they are written by people who don't know how college life is these days.
This article takes into account the above problem and provides some practical steps which you can take if you are a college student wanting to make personal finance easy. These steps will also lead to greater happiness in your life.
A good tip is to make the account automatic so that it takes out some dollars every week from your checking account. This way, saving is done automatically without you thinking about it or even realising it.
Apart from the 2 steps discussed above, it is recommended that you look for cheaper forms of entertainment, never apply for credit cards, eat on campus, always take advantage of free stuff and always ask around to find the best place to purchase anything.
In relation to personal finance for students at college, you should still always do thing that will make you feel good. Even though this may be a rather shocking finisher to your personal finance tip list, you are in college, and this is the time to experiment. It's highly likely that as a college student, you will do some ridiculous things with your personal finance which you will regret and never forget.
About the Author:
Jenni Snook is the head reporter of http://www.HealthyWealthySoul.com, a website dedicated to giving individuals advice and resources on personal finance for college students to achieve both financial and spiritual happiness in their lives.
posted by Credit Counseling at
1:01 AM
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