From Birthday Money to Credit Cards: My Personal Finance Journey
As a first-year student, I consider myself to be pretty financially savvy despite my young age because my parents taught me the value of managing money since I was very little. They instilled in me important lessons they knew would serve me in building a financially stable life.
Learning the Value of Financial Education
I was struck when I found out that only around 10% of high school students in the nation have access to personal finance education. While I was given the opportunity to take a financial literacy class in my freshman year of high school, I realized most states didn’t require financial literacy to be taught in schools. Why couldn’t this be taught to all students, I wondered?
The Power of Compound Interest
Investing your money can appear extremely complicated and time-consuming but, once you’ve mastered your current financial situation, it can help you take your finances to the next level.
A House is Not a Home (If You Can't Afford It)
As naive first years frantically searching to secure housing for our sophomore year, my friends and I had a rather stressful experience in our off-campus housing search. We made some impulsive decisions along the way that had unanticipated consequences down the line. Here's what I learned.
Lessons Learned About Financial Success
"I thought budgeting meant I had to be on alert constantly, without any leeway in my spending habits. I never thought I could take ownership of my personal finances as a student."
Pinching Pennies: How I Budgeted for $300 + a Plane Ticket in Just 4 Weeks
Managing finances is definitely challenging at times, but the payoff is always worth the hard work. The first time I had to budget was in January of this year (when the world seemed to be in order, but little did I know that it was the calm before the storm).