Financial Considerations to Understand as a Student

Private investors, Wealth Builders, Business coach can understand How

technology is transforming stockbroking in India. You can also understand this

by reading Business Magazines or taking Executive Leadership Coaching.

The money investment is the most checked and researched one. Talking about

the financial status of college going students, it's somewhat like a see-saw.

Sometimes we have enough and sometimes we lack too much. The thing is that

this is the first time we feel prominently independent and we don't have the

managing capabilities. Gradually we got adapted to it- like we generate the sense

of when, where, at what and how much to spend money. But this needs a great

practice to get accustomed.

"Money can be spent once, its upon you how you want to spend it." -this is very

true. Many students rely on loans to get them through college. Yet, sometimes students borrow too much money while in school. Excess loan money leads to debt that students must pay back after graduation delaying other financial goals. With the proper educational support about living independently, students can reduce their chance of obtaining unnecessary debt from educational loans. Young adults generally learn their skills from parents and teachers as children. However, parents often overlook teaching financial skills, such as budgeting and investing, while their children are still living at home. Instead, children are forced to learn how to handle their money when entering college and sometimes they make mistakes that will cost them several years of repayment of loans. This study examines what kinds of financial problems students face. By knowing what problems students encounter, it is possible for educators to offer a course that teaches the financial skills necessary to overcome these problems. The participants were asked to indicate what financial education they would be interested in if offered. Nearly all of the students expressed an interest in learning about financial management.

In conclusion, the data revealed that respondents did not have

sufficient knowledge and skills about managing their financial affairs. Finan-

cial education should be introduced at the college level or earlier to prepare

students to manage their finances effectively. Various approaches and

learning channels can be utilized to achieve this objective. The availability of

online materials can complement and supplement the educational activities.

Effective financial management will contribute to improving the quality of life

and sustainable consumption.