I am a low-income undergraduate student, so being financially literate is greatly important to me and my career path. The biggest action I have taken to increase my knowledge is joining the Women in Business club at Kansas State University, where we have conversations about successful networking and marketing. Another main focus of the meetings is to learn from former students who have entered the workforce how to best prepare financially to have a good, impactful career out of college and cushioned retirement. It is a beneficial club to consider, and I suggest everyone with the ability should take a class or join a club with these main focuses in mind. I have taken several classes myself on entrepreneurship and managing money, both personally and within a business. They have taught me to budget my money responsibly. I now have separate accounts for saving and spending to ensure I do not spend money excessively.
The best advice I have received as someone who wished to become financially literate was to make a basic list; digital or on paper, of my cost-based schedule for the month. Write down any bills you will need to pay, recreational activities (such as restaurants or movies) you will engage in, and money spent on necessities. This way you can keep track of where your money is going. This will significantly reduce the stress of potentially forgetting payments or harming your long-term financial status because you are aware of how much money you are spending. This is the simplest way to gain financial literacy.
Understanding finance is important, and there are several outlets (newsletters, clubs, school, etc.) you can use to learn how to manage money. It is an important skill everyone should learn, which is why I recommend finding an outlet to learn as I have. This path has been wonderful to pursue; because of it, I have a job and several scholarships and grants pushing me through college. Being money conscious has provided many benefits that have helped me through my first semester of college.
Though I would consider myself financially literate, I know I have quite a bit more I can learn. Luckily, I have several peers who are also interested in becoming more money-conscious with whom can continue to learn. It is never too soon to learn to manage your income, and it is never too late to learn useful tips for becoming a successful manager of your money.
At the moment, if I were to receive additional funding I would immediately invest it into my college education. I wish to pursue a degree in Graphic Design, which requires books, art supplies, an apartment, and general credit hours. It is my current life investment, so I must manage my money effectively so that I may be successful in my chosen life path. My high school studies have greatly impacted my career goals, as I shifted from becoming an author to a graphic designer. This path has been wonderful to pursue; because of it, I have a job and several scholarships pushing me through college. I design commissions for clients, something that is quite applicable to the workforce, and I love it. I am confident this pathway is the correct decision for me to make. I am constantly inspired to create art for myself to express my identity, and for others, so I benefit from both intrinsic and extrinsic rewards as a result. For those who are questioning whether or not any college is a good option for them; whether the concern is money, applicability, or sustenance, I can assure you it can most certainly be worth it. Those who are dedicated to improving themselves in this field will surely succeed. Of course, one of the most beneficial things you can do to make the journey easier is to devote time to becoming financially literate so that you understand how to best manage your money. It is not a time-consuming effort to put in, and the benefits are immense. I recommend everyone take the time to learn, whether from a newsletter, classroom, or even a YouTube video, of how to properly manage, budget, and grow your income to have a financially successful future.