Personal Note On Saving Money

Earlier in my life I thought success was having a lot of money, houses, cars, etc. I grew up thinking that people who had lots of money were successful and happy. My obsession then, became to make a lot of money so that I can lead a successful and happy life. I have come to understand that success is not in the amount of wealth or property you have amassed.

There are many challenges that my generation will be forced to face upon entering the workforce. However, I feel one of the most important challenges we will have to overcome upon entering the workforce would be educational debt. As time progresses and American society advances, it is becoming more essential to have a college education before entering the workforce. While more of my peers are opting to go to college and earn a degree, they are also opting to acquire a substantial amount of debt in the form of student loans in order to pay for their education. The price of attending a university is increasing every year and students are forced to figure out a way to finance their education. According to Dave Ramsey, financial reasons are the

My own financial health resonates well with the above quote from Daly and Farley, not because I’ve thought about money, but because I know nothing about it. As a young student still breaking ties from home, I have to navigate the intricate world credit, lease contracts, financial aid, and investments seemingly to no avail. In his chapter titled “Enough Debt,” Dietz alludes to this complex world that is the American financial system that I and every other American are currently dealing with. With any complex system, there are misconceptions tied to it that can provide a simpler understanding to those analyzing it. Dietz provides three of the most prevalent misconceptions, how their true function actually debunks them, and then systemic changes

College is a very important essential in life. People who have college degrees get paid more than an average person who does not have a degree. Getting educated comes a long way and benefits one immensely. Yes you deal with the direct and indirect costs that make you wonder if it is actually worth it, but direct cost involve your classes and books and those are crucial for your education. Your indirect cost associate with meals, housing, and clothing. In other words necessities for everyday living. Even if you did not attend college you would still have to pay for indirect costs. Although with the addition of direct costs may really hurt your wallet, later it will actually relieve stress off it and assist you to be financially stable. You will

(2)Financing an individuals income can give them a piece of mind. The most common area where people get into debt is with college, so if people were to budget what they make on a daily basis then they would ease some of their stress with not ever having enough money. Look for scholarships, having more scholarships will help pay some, if not all, of the costs and one will be relieved that they don't have so much money in debt. But staying out of debt is especially hard these days, but its not impossible to do. When people budget and save their money they

College doesn’t have to be expensive. Scholarships, grants, starting at a two-year community college or studying in state can greatly reduce the cost of your degree. A price tag is not always what it seems. Investing some time in researching and applying for scholarships can reap a big financial payoff. Alternatively, starting your college career at a community college will save you tens of thousands in loans, and you’ll still graduate with a degree from a four-year university.

Although the reliance on student loans continues to increase for college students across the nation, the vast majority of American teenagers are not required to attend and complete a Financial Literacy course before graduating high school. According to Jillian Berman, only five states scored an A on the 2015 Report Card on State Efforts to Improve Financial Literacy in High Schools, and those same five states are the only states in the country that require students to take a dedicated semester of personal finance courses before graduating (Marketwatch.com). There is an obvious problem with the state efforts to properly educate finances when 14 out of 50 states rank in at a failing grade. Money is an essential asset to life on Earth, and proper education on financial management is vital for the basic requirements to sustain life. Education on how to manage money in order to afford food, shelter, clothing should be the main priority of the Financial Literacy courses. More in-depth are topics

College can be expensive. In these tough economic times everyone is looking for ways to save money in any way possible. Here are some simple things that you can do to help reduce the cost of your schooling. One way to greatly decrease the price of your education is to start off with community college. A junior college is much cheaper than a university, but they usually offer the same core curriculum. You can go to a local school for your first couple of semesters and get your basics out the way. This will save a lot of money and you can just transfer the credits to the university you want to attend and finish all the classes needed for your degree. If you are unsure which specific classes transfer, the counselors even keep transfer plans

This requirement could have been influenced by both economic decline, and the lack of awareness of debt issues. According to this article, although the goal of this course is to educate teens on future financial responsibilities, there are not enough confident teacher to teach the course. The article explains that teaching personal finance can be challenging due to a difference in the economic status of people in certain communities. One study showed that high school seniors educated on personal financial issues were more likely to save money, have a budget, and invest as adults. Personal finance gives students knowledge that they can use for the rest of their lives

Debt is one of the biggest factors that make many people believe that college is not absolutely necessary. Why dig a hole that will be impossible to get out of once life begins after college? But there are many options to help with the price. As stated in source D, “First, many colleges are not very expensive, once financial aid is taken into account.” Financial aid is a huge factor to be taken

Although over the years my aspirations have swayed from author, to Business Administrator, and many occupations in between, I still dream of success. Throughout high school I searched for the answer. It began with babysitting on weekends, and finding success in my jar of savings, and quickly grew into my first retail job at Tj Maxx. At first I thought money was proof of my success. The

As college quickly approaches, the financial decisions I constitute today will affect me for the rest of my life. As a young adult with minimal financial experience, one uneducated decision could establish a precedence of financial insecurity for the majority of my young life. Consequently, planning a budget and savings plan will immensely benefit my future spending and saving habits. Another decision is how to independently manage my personal income and my spouse’s student loans. Lastly, contemplating the later years of my life propagates the necessity of a retirement plan and investing.

College is a very important milestone and achievement in anyone’s life. College is the first step for many into the adult world. College is basically advanced schooling that prepares someone for their new career and life ahead of high school. However, college comes with a high price tag for some. The price of college depends solely on academic achievements in high school. For those who did not attain a high grade point average or attain the best grades throughout their high school career, college can become very expensive. College is expensive for these three reasons; tuition, materials, and scholarships.

On the other hand, I firmly believe you have reached success not when you have visited the most expensive restaurants, not when you have traveled all around the world, and not when you have a million followers on Instagram. For me, you have reached success when and only when you are happy. Being content with the things you have in life. It doesn’t matter if you have the smallest house in the block or the most ancient smart phone out there, being successful is just being pleased and appreciative of what you have. Do not get me wrong, having a big house or a nice, new black BMW will be great, but I feel if you are glad that is worth more than anything else. Like the saying goes, “Money can not buy happiness.”

First and foremost, before I make any big financial decision I ask myself, “Is this purchase within my means?” and “Do I really want this?” These are the main questions that factor into how I spend my money. If my initial gut feeling is that of uncertainty, I tend to back off from that purchase. In 2013, I purchased a black Dodge Challenger SXT Rally Redline edition for my 24th birthday. At the time, I was driving a silver 2007 Dodge Caliber my mother had bought for me as a graduation gift. It was paid for in cash so the only expenses I had to worry about were insurance and maintenance. But, there always is a but right lol. I really, really, reallyyyyy wanted a new car and I was tired of being 6’6 squished in a Dodge Caliber. I was fortunate enough to graduate college without any student loans and I recently just paid off a $3000 debt I owed to my University. I wanted to reward myself for the hard work I put in throughout the years. Honestly, I don’t have any regrets I just wish I did things a little bit more differently.