For a class I have to write a budget for the entire semester. Not that hard, considering I don't really spend to much money...right? I've looked at my credit card statements for the past couple of months ...every little bit certainly adds up.
Granted, I never use my check card (for the reasons of building credit and tracking my spending) but it still surprises me the amount of money I spend every month.
It just boggles my mind my friend ask me frequently to go out and eat with him off campus (we work in housing and get free meals at the dining hall). I always ask where he gets the money. You also hear about people going out every weekend. That's a lot of money.
Sometimes, I wish financial planning was taught in public school. Maybe then, it won't be so scary to try and save money or know about different ways to invest.
Granted, I never use my check card (for the reasons of building credit and tracking my spending) but it still surprises me the amount of money I spend every month.
It just boggles my mind my friend ask me frequently to go out and eat with him off campus (we work in housing and get free meals at the dining hall). I always ask where he gets the money. You also hear about people going out every weekend. That's a lot of money.
Sometimes, I wish financial planning was taught in public school. Maybe then, it won't be so scary to try and save money or know about different ways to invest.
Your credit score has many variables. I'm not saying I agree with everything he says (I have a credit card I pay off every month too), but he is a very smart man. He's actual been in debt. He just has ideas where you can save incase emergencies come up (say your car breaks down), where you won't have to be dependent upon credit cards.
