Personal Finance for College Students | Free Financial Literacy Resources

The college presents a unique period in a young person’s life where the development of financial education is paramount. Our resources for college students cover a wide range of topics that are important to young people who may be living alone for the first time. These personal finances also form the basis for important decisions made shortly after graduation, such as buying a house and car, managing credit and debt.

Free Financial Literacy Resources for College Students

Lesson 01: The Art of Balance

A personal budget is a financial plan that allocates future income to consumption, savings, and debt repayments. – Where does the money go? This is a dilemma that many individuals and families face when it comes to managing their budgets and money. Effective money management starts with a consistent goal and plan for savings and spending. In particular, financial targets should be realistic, timely and understandable. This lesson will encourage students to spend time and effort creating their own personal financial goals and budgets.

Lesson 02: Life for one

As young people get older, living alone is a common goal. However, the challenges of living independently are often very different from your expectations. This class gives students a real taste when researching transportation costs, buying furniture and appliances, and renting an apartment.

Lesson 03: buying a house

For many, buying a home is the most important financial decision they make in their lives. However, the process of buying a home for the first time can be overwhelming and basically requires basic knowledge about buying a home. This lesson gives students information on where to buy a house, where and how to start. After comparing the differences between renting and buying, students begin the five-step process of buying a home. This system provides an overview of the activities around choosing and buying homes.

Lesson 04: Credit

In today’s world, credit is an integral part of everyday life. From renting a car to booking a plane ticket or a hotel room, credit cards are now an important option. However, using credit wisely is essential to building a strong credit history and maintaining financial well-being. While most students have an overview of the pros and cons of credits, this lesson provides an opportunity to discuss these topics in more detail.

Lesson 05: Credit Cards

What is April? What is the grace period? What are the transaction costs? These and other questions are answered in this lesson as students learn about credit cards, the different types of cards available, and the features of each one, such as bank cards, store cards, and travel and entertainment cards. Once students begin purchasing their first (or second) credit card, this lesson will introduce them to the various costs and benefits. This section discusses the methods of calculating financial taxes.

Lesson 06: Cars and loans

Should I buy a new or used car? “Where’s the best place to buy my car?” “Is it better to use a discount or a beneficial financing plan? These are common questions people ask when buying cars. In this lesson, students are asked to determine the cost of owning and driving a car. Because these costs are generally lower, there are guidelines for how much you should spend on car purchases.

Lesson 07: Consumer Awareness

solutions solutions. How can we be sure that we are making the right choice with so many options? Sensible consumer purchases start with a plan. By adopting a systematic procurement strategy, students can act more effectively. Comparative purchasing methods will be discussed to encourage students to think carefully about price, product features, warranty and storage policies. In addition, this guide covers several ways to shop, such as club shopping, phone calls, catalogs, the Internet, and door-to-door sales.

Lesson 08: Saving and Investing

If you save just 35 cents a day, it’s over $ 125 a year. Small amounts saved and invested can easily grow into larger amounts. However, a person should start saving. In this lesson, students will gain a basic understanding of saving and investing. The process begins with setting financial goals. Next, a savings obligation is discussed.

Lesson 09: Problems

The material in this lesson will help students become aware of the warning signs of financial difficulties.

Lesson 10: Consumer Protection

In today’s information age, keeping your personal financial information private can be a challenge. What you put on a loan application, your payment history, where you make purchases and your account balance are just some of the financial items that can be sold to third parties and other organizations. This lesson discusses how public and private information is accessed and used by different organizations, and examines privacy laws to protect your information.

If you are working with college graduates, consider taking our free financial literacy curriculum designed for Habitat for Humanity recipients. This curriculum provides similar information but is designed for a student with lower literacy skills.

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