Being accountable (literally) for educating yourself about personal finance
Late last year, there was a post published in the Huffington Post’s Money Blog. The post—written by Ben Mulling, the chief financial officer at TENTE Casters, Inc.— details the Four Steps to Educating Students about Personal Finance.
Mulling’s main message of the post is that college students must take personal accountability for educating themselves about finances. He believes that this lack of personal finance education is what leads students to make so many financial mistakes early on in their lives. Mulling cites that only 22 percent of students understand how income taxes work, and only 31 percent understand how credit card interest works.
Mulling’s message of the post resonated more so with me now than ever. Less than three months from now, some of my very close friends will walk away with bachelors degrees. They’ll also walk away with a substantial amount of student loans to…
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