The value of saving
College students should begin personal investments now
Published: Wednesday, September 18, 2013
Updated: Wednesday, September 18, 2013 00:09
There are also some books we recommend checking out, like The Millionaire Next Door: Surprising Secrets of America’s Wealthy,by Thomas J. Stanley and William D. Danko, and Dave Ramsey’s Complete Guide to Money: The Handbook of Financial Peace University by Dave Ramsey.
Finance can be complicated to wrap your head around and the key at this stage of the game is just finding ways to keep it simple. What matters is that college students don’t just live in the moment; it is important to make decisions with the bigger picture in mind.
Eventually, you might have a family and children whose college tuition needs to be paid. Eventually, you may retire and need money that is set aside to sustain you during those years – be aware of how controlling spending habits and saving now will make a difference for those years. Remember how, due to compounding, failing to start saving during your early years will likely render you having difficulty trying to catch up.
All you have to do now is start making small investments consistently. And then, every once in a while, you can reward yourself with some Starbucks.