![]() ![]() ![]() If you know someone with the prestigious title of college freshman, sophomore, junior, senior or grad student, please share this information with them so that they might come out with both. Though coming out of college with a solid educational foundation is the main goal of college, coming out with a solid financial foundation is pretty darn important as well. Yes, it creates the extra stress of having to balance school and work, but that stress and experience can be very valuable on a number of fronts: 1) It looks good on your resume when you start looking for jobs after graduation 2) It helps you develop some "real world" balancing skills that you can use for a lifetime 3) It gives you extra money to help with my points of keeping cash in the bank and avoiding debt and 4) Who knows, you might even stumble into a career area that has appeal! However, I also think it is valuable to work during school if possible. Work if you can.Ī lot of college students will find summer jobs to earn a few bucks, and I think this is great. So whatever you do, don't take student loans just because you can. It may sound fairly obvious, but the less you borrow now, the less you'll have to pay back later. Money flows from producers to workers as wages and flows back to producers as payment for products. So this brings me to a very important point about student loans that should never be forgotten - they're loans! Meaning at some point, you'll have to pay them back. The circular flow model demonstrates how money moves through society. ![]() Unfortunately, many of these students will be presented with the opportunity to borrow more money than they actually need to go to college, and even though they don't need it, they'll take it anyway simply because they can. Now that it’s July, it’s officially time to put the gloves on and get to business. Much like your teeth, your finances need a good check and cleaning every six months or so. The expression money makes the world go round means that money is very important, it is the most important or one of the essential things in life. Paying for college can be tough, and student loans are one way to make it work for a lot of students. Do a mid-year check-in on your budget, taxes and investments. ![]()
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