Financial literacy involves teaching students the basics of money management. This includes things such as debt, budgeting, saving, and lending. The purpose of financial literacy courses is to set a foundation for students so that they can build strong money habits later in their lives.
Financial stress is a part of life, and college life is no different. Whether a student has parents who pay for many expenses or parents who encourage economic independence, every student should learn and practice some basic financial principles to keep them afloat during school and prepare them for the future.
Learn the difference between wants and needs.
Setting priorities is crucial for financial success. Think about the most basic needs you have: food, clothing, housing, safety, etc. Create a list of must-haves on which you’re unwilling to compromise but be willing to make some sacrifices. Continue reading