College was a blast but most of the classes I took were a drag. Half your time at college is taken up with required classes that you have no interest in at all. However, I am thankful for one required class that I had as a freshmen.
What Every Freshmen Should Be Required To Take
Every freshman at my college in Nashville was required to take an introduction to personal finance class. This class was jam packed with freshmen that had taken their first giant leap to living on their own. I enjoyed this class because I like talking about money and I was able to learn a lot about personal finance at the right age.
We spent the semester absorbing ideas to budget our measly dollars, save for emergencies, investing, and the basic rules of banking. We were also introduced to Nashville native Dave Ramsey, as we were required to write a book report about Financial Peace Revisited. These books and lessons peaked my interest about personal finances and kept me from making financial mistakes as a young adult.
This class was perfect for new college students and I didn’t realize how lucky I was until I transferred schools later and found out that not every student knows the basics of personal finance. I believe every college and university should require their students to be introduced to personal finance basics. Young adults, out on their own for the first time are prone to making money mistakes. Personal finance classes like the one I had help young adults manage their money better.
Take Action Yourself
If your school doesn’t require you to take a personal finance class then require it of yourself. There are many good books at your local Barnes & Noble that will help teach you the tools of financial success. You’ll also find many good blogs that will offer great advice for those looking to be financially free.
If you’ve been out of college for a while or are looking for the right school there is no better time than the present to get a grip on your finances. Write good financial goals, manage your money with Mint, read great books and blogs like the ones listed below, and live within your means.
Here are some examples of great finance books and blogs
- The Money Book For The Young, Fabulous, and Broke
- Financial Peace Revisited
- The Automatic Millionaire
- The Richest Man In Babylon
Photo from HackNY on Flickr