2137: 5 Ways College Students Can Revitalize Their Finances by Rachel Vaughan

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 17 December 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rachel Vaughan with The Finance Twins talks about 5 ways college students can revitalize their finances Episode 2137: 5 Ways College Students Can Revitalize Their Finances by Rachel Vaughan Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/5-ways-college-students-revitalize-finances/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2137.
0:04.0	Five Ways College Students Can Revitalize Their Finances
0:08.0	by Rachel Vaughn with thefinancetwins.com
0:11.0	and I'm your host and personal finance enthusiast, Diana Mariam.
0:15.0	Let's get right to today's post and start optimizing your life.
0:24.0	Five Ways College Students Can Revitalize Their Finances
0:28.0	by Rachel Vaughn with thefinancetwins.com
0:32.0	For most college students, financial considerations stop once they receive their financial aid package.
0:38.0	However, more financially responsible or savvy spenders are always looking for ways to beef up their finances.
0:45.0	And there's no better time than winter break.
0:48.0	As students return home for roughly a month or two,
0:51.0	they have limitless opportunities to seize control of their wallet
0:55.0	and build good habits that will gain them financial independence earlier on in life than their unaware peers.
1:02.0	Number One Start Budgeting
1:05.0	The first step to starting any financial journey is taking control of your finances.
1:10.0	Budgeting involves looking at your income and spending before creating projected spending goals.
1:16.0	The goal is to spend your money consciously instead of wondering where that $100 paycheck went,
1:22.0	only to realize it was spent on dinners you didn't need or make up you didn't want.
1:27.0	Winter break is the perfect time to evaluate your spending habits during the past couple of months
1:32.0	and decide how satisfied you are with your purchases.
1:36.0	Going forward, the first semester can be an effective gauge for what you should be budgeting for each category for the rest of the academic year.
1:44.0	Taking budgeting a step further, saving is involved.
	...

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