The world revolves around the idea that a piece of flimsy paper holds value. Those of us who deny that it has any true value, still must face the fact that in order to survive, without resorting to means of stealing and violence, we must learn how to use money. In today 's world people must be able to spend and save smartly in order to develop financial stability. Prices have risen and expenses for college have risen dramatically. In 1990 the minimum wage was $3.80 and college tuition for a four year public institution is $20,972. Meaning that if someone worked twenty-seven hours a week for a year, you could pay your yearly tuition. Today the minimum wage is $7.25 while the college tuition for a four year public institution is $65,928. To pay yearly tuition a person would have to work forty-four hours a week. With six hours of school, several hours of extra-curricular activities, community and church activities, and family time, it 's practically impossible for a high school student to hold a full-time job. Many college students graduate with a degree, but debt that will burden them for years. While scholarships provide the opportunity to help ease the burden, there is still the question of how can students pay for college without accumulating a large amount of debt. Even if a student has a job that pays above minimum wage, it is difficult to earn enough money to pay for tuition out of pocket. Especially when there are other expenses to be paid during high school such as, a car, repairs for your car, a phone and its monthly plan payments, a laptop, holiday and birthday expenses, gas money, and more. Personally, the financial challenges I will have to address, is how am I going to pay for college without go...
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... part of growing up. However, there are ways to manage your spending on unnecessary items. I will try not to develop any food or drink habits, I will try to plan events with friends that can be cheap, but still fun, and maybe save for a few months before travelling somewhere.
College is a stressful time for anyone, but if you are wise with your finances, money won’t have to be one of those stresses. If at all possible, I will graduate college debt free. However, in order to accomplish this, I must work hard, budget, be smart about my spending, and be disciplined. If I am unable to do this I will have to take out a student load or even consider dropping out of college. This is something I have watched my older sister do and it is not something I want to experience. I want my college experience to be the best it can be and I want to graduate with financial stability.
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