Financial Literacy

cashcourse_logo

Guest Author Alexandra Hoatua, Wellbeing Intern

As a college student myself, I found this site was accessible and extremely useful in the information it provided.

As a college student, the line between youth and adulthood can often become blurred. With fellow students at differing points in their college careers – either just entering their first year or getting ready to embark in the “real world” after graduation– everyone is at various stages. Regardless of where you fall on the scale, there is one thing that we all have in common and that will certainly pertain to our adult life: figuring out a way to manage our financial means in order to pay for everything that encompasses the four (plus) years of education we will receive.

Tuition, books, and rent are just some of many things on the long list of educational expenses that we as students must pay for. Student loans and financial aid are additional aspects that contribute to expenses we must pay attention to, maybe not immediately, but definitely in the future when it comes time to repay the money borrowed. The thought of money and overall financial wellbeing can be daunting especially while also trying to balance school, work, and extracurricular activities. In fact, according to a national survey conducted by Ohio State University (https://news.osu.edu/news/2015/07/01/financial-wellness/), seven out of 10 college students feel stressed about their personal finances. However, the study also found that more than three quarters of the students surveyed think college is a good investment for their financial future. Luckily, there are tools and resources that assist students in managing this balance and allow for creating healthy financial habits that they can carry with them through life.

CashCourse (http://www.cashcourse.org) is one such resource that is an excellent way to gain knowledge about all things financial! This free service allows you to register with your Cal Poly email and immediately provides insightful articles, financial tools, and a Q&A with financial experts. It also provides useful, easy-to-understand information on topics such as spending less/saving money, finding money for college, making more money, investing money, and protecting money you already have. CashCourse’s ultimate aim is to provide personal finance tools that will help build real-life-ready financial skills.

As a college student myself, I found this site was accessible and extremely useful in the information it provided. There were some points that were made that I would have never even thought of, so it’s a good way to plan ahead and start thinking about those things for my future. I think the best part about the site is that the topic of finances and loans can definitely be confusing and overwhelming to understand, but the way it explains all of its topics made it very easy for me to comprehend.

It is important to keep in mind that it’s never too early to establish good groundwork to contribute to your overall financial wellbeing. According to the Journal of Economics and Public Finance (http://dx.doi.org/10.22158/jepf.v2n1p27), consideration of how various financial events and choices effect a student’s long term goals and opportunities is crucial to developing long-term financial well-being. Additionally, this study noted that the ability to make sound decisions regarding personal financial issues will help new graduates emerge from college upon solid financial footing. With this knowledge, no matter where you are on your college path or what your financial situation may be, hopefully this information can incite positive change in all your future financial endeavors.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s