Does this text message conversation sound familiar?
Parent: How's school?
Student: SEND MONEY!
Parent: Didn't I just send you money?
Student: SPENT IT... PLEASE SEND MORE!
Parent: Okay, but try to pace yourself this time. This is the third time you've gone over your budget this semester.
Student: Thank U soooo much! Love U.
First of all, college students need to understand that writing "Love U" makes them look like they're still in grade school, but that should be the subject of another Idea Of The Day.
If you look at the course requirements to get a college degree, one thing that is missing is personal finance. For a lot of students, a budget is more difficult than calculus. For students who have trouble pacing themselves, it's feast... [More]
Continue...Teach Students to Pace Their Spending With Daily Scheduled Deposits...