Congratulations — you are officially a college student now and you have “at best” the next four years to get ready for life on your own in the real world. Will you be ready?
For many of you, your high school years were carefree and void of any real financial responsibility. You did well enough in high school to get into college, which should allow you to become gainfully employed, so that you can eventually move out of your parents' house and "live the American dream."
Some of you had jobs and worked very hard after school, weekends and all summer long to get things that maybe your parents could not afford to give you. Whether you know it or not, this job helped you establish time management skills, as you still had homework, after-school activities and a social life to juggle. It also taught you to appreciate each dollar you earned.
Others have parents or family members who are able to cover all of your expenses and then some. At no fault of your own, you may have become accustomed to a certain lifestyle, where money seems to grow on trees. The majority of you are those that are caught right in the middle of the “haves and the have-nots.” Not all, but many families don’t know how or have shielded you from the reality of managing your own personal finances. No matter what degree you do or don’t graduate with, once you are out on your own, money becomes part of your everyday life.
SUNY Smart Track Financial Literacy Website is an online learning environment that empowers students and their families for a lifetime of financial success. The interactive financial aid literacy tools can assist students to achieve smart money management skills. Learn more about budgeting, credit cards, identify theft, banking (investing and savings), borrowing money and much more! Create your login today.