Comments on: The Truth Behind Financial BS College Students Believe

By: Robert

Robert — Tue, 26 Jan 2010 06:55:59 +0000

Exactly. You’ve really got to want to. It can’t be any type of desire but a burning desire to get shit right. The type of desire where you say, “you know what, I’m tired of being in debt, I need to get this stuff straight, now where do I start?” At least that’s what happened to me. I had to reveal my ignorance and stop thinking the way I had always thought about money.

As for checking and savings accounts, can you recommend any good banks? I’ve read that internet banks have higher compound interest rates, so I’m looking into those for a savings account, but what about checking accounts? Or does it just all depend on your goals?

By: Dark Nomad

Dark Nomad — Tue, 26 Jan 2010 05:36:51 +0000

I wish I knew how easy it was to make some cash on the side online when I was back at university. I wouldn’t have had to take those crappy jobs to see me through.

By: Travis Jon Allison

Travis Jon Allison — Mon, 25 Jan 2010 23:39:35 +0000

Working during uni. helped me get better grades. Of this, I have no doubt.

You are totally right – the stress comes from leaving things to the last minute. I found that having a job made me be a whole lot more organized and therefore much more responsible for my school work and tons of other things.

By: Link Roundup 18

Link Roundup 18 — Mon, 25 Jan 2010 04:16:35 +0000

[...] The Truth Behind Financial BS College Students Believe from @untemplater I only wish I knew then what I know now. Or maybe I just need the outlook and priorities I have now? [...]

By: David Foust

David Foust — Sun, 24 Jan 2010 14:25:16 +0000

Great post MD. I would like to see you dig deeper into this topic but with more of a personal twist. Many of friends i know have no idea how to control their own personal fiances while in college (and they aren’t making a ton as student workers on campus). I bet you would have some good (great) information for college students on how to balance their budget and create a savings. Like you I’ve heard the “I can’t work and go to college” That is complete BS and students need to realize how much time they actually have instead of their misconception of time management.

Thanks for the post
David

By: FF Link Roundup – January 2010 | Foreigner's Finances

FF Link Roundup – January 2010 | Foreigner's Finances — Sun, 24 Jan 2010 13:07:42 +0000

[...] Untemplater – The Truth Behind Financial BS College Students Believe [...]

By: Austin

Austin — Sat, 23 Jan 2010 14:58:09 +0000

This is one of those “sad but true” posts. It’s an epidemic really.

The questions is, how do you get this knowledge to the people who aren’t paying attention? How do you motivate them and guide them to the light? College is a time to enjoy yourself – yes, but if it puts you in a money hole for the next 15 years then we need to reevaluate its need and purpose.

Solid, MD.

-Austin @ Foreigner’s Finances

By: MD

MD — Sat, 23 Jan 2010 01:38:22 +0000

Kyle, I agree. College is about having fun. There is no rule anywhere that says you can’t have fun while working/studying. I have formed close friendships with people at school and work. When I go to either it’s not that bad because I’m just going to meet friends in a sense.

Plus, there’s always time to go out and drink. You may not be able to drink every weekend but when you do it’s always a blast.

By: Kyle Crum

Kyle Crum — Sat, 23 Jan 2010 00:31:30 +0000

I agree with all of them except #4. If you are doing it right (i.e. sticking with government sponsored federal student loans), student loans should be really low interest loans. Yes, there are many unused scholarships out there, but many of them are very specific (e.g. you must be of Greek decent and from Spokane). I did take advantage of some scholarships, but it only chipped away at the larger block. When it comes down to it, those student loan payments are going to be some of the smallest monthly payments you will have after school.

Finally, college is supposed to be fun. If you’re not enjoying it, you are doing something wrong. But, you can still have fun while getting good grades and having a job.