How you manage money while you are on campus really affects life after college. By and large, students have been given NO personal finance training prior to college, and little to none on campus. Yet they have a mountain of decisions to make.
On campus, you need to become financially savvy. You don’t have money to invest, but you can be financially astute and avoid hurting yourself.
You need to know the land you are headed for. You will get a job after college and then you will make $X a year. Now subtract:
Student debt is bad enough, but when you pile on high interest credit cards, it is financially ridiculous. Be careful!
I often tell students, “The opposite of success is not failure but conformity.” If you look to your peers and say I am doing what everyone else does, then you are probably navigating in troubled waters. As horrible as it is to say, average behavior and average financial performance leads to horrible long term results. Dave Ramsey says, “If you live like no one else, later you can live like no one else.” File that under wisdom.