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Smart Spending for College Students

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Smart Spending for College Students
Shopping for an Education
Independent college students should cut back on their extra spending habits such as shopping. Young college students are transitioning in their lives and becoming independent. Independence comes with many responsibilities that students will have to deal with on their own. Such responsibilities include things like paying for their tuition, bills and other daily expenses. Many college students are not equipped to handle such a large amount of new responsibility while trying to go to school. Many students struggle to be efficient with their own money. I have come to learn a lot about this topic because I, myself, was not ready for the amount of responsibility I was given. When independency was introduced into my life, I was very careless and naïve. I was not spending my money wisely or planning for the future. Since then, I came up with my main strategies of being successful. These strategies determine the importance in purchasing, how to budget my money, how to spend my money smartly, and to save money for the future.
Shopping is a fun activity that I as a college student enjoy doing, but getting an education is more important. Getting a college education is not only beneficial for the college student’s individual welfare. It is essential for the United States as a whole to have a successful and well-educated population. “Lumina estimated that at current college-graduation rates, ‘there will be a shortage of 16 million college-educated adults in the American workforce by 2025’” (Billitteri 983). As people change jobs or retire there will be a need for college students to fill the places in the work force. If nobody can afford to go to college and get an education what will happen to the United States if the majority of the country is uneducated beyond high school? “If schooling increases the skills and abilities of one individual, Mann argued, then all individuals in the community would benefit and all future generations would



Cited: Briles, Judith. Financial Savvy for Women: A Money Book for Women of All Ages. New York: MasterMedia Limited, 1992 Downing, Skip. On Course: Strategies for Creating Success in College and in Life. 6th ed. Boston: Cengage Learning, 2009 Henningfield, Jack E. Addiction Treatment: Science and Policy for the Twenty-First Century. Baltimore: John Hopkins University Press, 2007 Leider, Anna J. Don’t Miss Out: The Ambitious Student’s Guide to Financial Aid. 23rd ed. Alexandria, VA: Octameron Associates, 1998

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