Students going broke and don’t even know it

In college everyonCollege Refunde is talking about having fast cash. It got so serious that recently the trend was “wake up now”, which was a home-based business opportunity allowing individuals to help others find great deals and get paid for doing it according to a review written by Ethan-Vanderbuilt. He added that people would pay less to travel and shop and make money while doing it-if you “shared” the opportunity with others. From the outside looking in it looked like people were just getting money off others because every time someone joined your team you get paid like $100.00. But where is wake up now currently? That was just something that was big just a year ago. Again, fast money.

The fastest cash most college students can get a hold of-if it wasn’t from their parents-comes around once every semester-this is known as a refund. Money students are given back after they’ve used loans to pay for their tuition. Refunds can be anywhere between 30 to thousands of dollars. My freshman year I received about $300.00 and my junior year, as SGA President having free housing, I received around $4,000.00. Yeah, BIG CASH! Now as a recent graduate I have something to say about what students use with that cash. I’ve seen some use it for school supplies and others go all the way by splurging it on clothes, shoes, accessories, going out to eat all the time and electronics such as game systems and TV’s. And I’m not going to lie, I played a part at one point but my junior year I used it to buy a car and to pay for my note-I’m starting to see it as bad decision. If I knew what I know now I definitely would have used that money to save for PAYING BACK THE LOANS (because Sallie Mae will be waiting on you after you walk across the stage), save for life after college (because it just may be a struggle trying to transition into an apartment, etc.), or even an investment for your life. For example, I like to edit and shoot videos, I even enjoy graphic designing. Being that I want to expand Every Woman and become a YouTube blogger it probably would have been helpful if I saved to purchase a MacBook and a good camera. Those choices would have been good decisions on how to spend my refund.

I’m writing this to warn high school students going into college or even if you’re in the middle of your collegiate career. SPEND WISELY! Don’t go crazy with all that money. Don’t stop going to the café because your pockets got a little bigger! The money is not yours… have to pay it back! Try dividing it up a bit. Save only a little for pleasure to reward yourself but save A LOT to either pay it back or invest into your future-and honestly getting a car with a note does not fall into that category. Unless you have a good paying job that you can keep even after college you have no business signing up for something you’ll have to owe for yearrrrrrrs. Take it from me. This should be the least of your worries while in school. I would rather catch a ride with my friends when they’re going to Wal-Mart than trying to figure out how I’m going to pay this and that bill-while I’m still balancing school. College is one of the best years of your life, don’t screw it up by trying to grow up too fast.


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