Comments on: 7 Rules of Money for New College Students

By: Amanda

Amanda — Fri, 10 Apr 2009 01:43:12 +0000

As a full-time college student, I can safely say that these tips
are useless for me and every other college student I know. I have
never had the luxury of even one credit card, have never been able
to have $500 in my bank account at once (I have $300 at the most,
and 100% of it is for bills/expenses, no way I could have a cushion
of more than about $20), and I basically have so little money that
the rest of the "tips" couldn't possibly apply either. Now, not
everyone is as flat broke as me, but I agree that this was probably
put together with the more "well to do" students in mind who
obviously don't really need much advice.

By: Michael

Michael — Thu, 30 Oct 2008 04:49:26 +0000

I have to agree with spadoosh. $500 cushion that you pretend
doesn't exist. Well, I would love to do that and have it even
higher, but rent needs to be paid and the occasional book cannot be
found in the library. I go to an extremely cheap state school in an
extremely cheap city, but unfortunately the job market here is
absolute bunk and I haven't been able to find a job despite months
of intensive searching. Thank god for cheap households, Smiths
cards, and boyfriends who are salaried and can't be fired due to
contracts.

By: Jim

Jim — Wed, 29 Oct 2008 22:46:22 +0000

Overall, good advice...but I would disagree with the first tip. I
would say have NO credit card. Credit cards (even one0 and
borrowing are a great way to start your financial life on the wrong
foot. I strongly suggest reading "Total Money Makeover" by Dave
Ramsey. It talks about real fiscal management.