In our classroom discussions, Professor Sistrunk completely captures my attention when he applies lectures to real life situations. The three lectures that impacted me the most were responsible use of credit, establishing a budget, and property information via public records. In this blog, I will show how you can further educate yourself on all three of these subjects.
In college, students are introduced to credit without knowing fully what it is to begin with. Credit card companies bombard campuses and sell a dream that college students buy every day. Professor Sistrunk explained that it is up to us, the students, to make sure we are properly educated about credit. Below you will find a link to a website that provides credit education as well as a site that offers a free way to check your credit history once per year.
Upon graduation, monthly budgets are essential in ensuring that you do not loose track of your finances. In class, we learned how to create a budget on Microsoft Excel. However, when you are not always around your computer, it can be difficult to manage that budget. I found a cool app called Expensify for iPhone AND Android that offers an easy way to keep track of your spending by importing credit card data and information from receipts that can be tracked by photographs.
When buying a house, it is important to find out all information about the house and the neighborhood that it is in. You want to know that you are getting a good deal on the house and you can do this by accessing the neighborhood property value, mortgage history, as well as the assessed value. I found a website that allows you to look at all of that information as well as the current sales price if it happens to be for sale at the time.
The understanding of these three resources could mean the difference between a good decision and a bad decision. I encourage my peers to learn about all three of these topics as they will prepare them for the real world that comes after college. Sacrifice today so that you may live a better life tomorrow.
Now that we have learned about the various means of saving money to buld wealth through this class I strongly feel that personal finance and investments classes should be taugh to students k-12 so that we are producing a generation of people who are masterful in the art of saving. A strong financial system breeds the best of other aspects of scociety as proven in history.
ReplyDeleteHaving knowledge about credit is very important today because bad credit can be a factor in obtaining employment. That is why I make sure that I make a payment on my credit card every month in addition to creating a budget so that I know how much to spend on a monthly basis.
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