Lessons of Frugality Received by Students at College - By: elizreed

Receiving first spending habits

Student life at college is like a microcosm of the adults’ life. Being deprived of the parents’ protection, the young people start solving their problems without somebody’s assistance. At the same time they receive their first spending habits and learn to budget their money. Even if the person has financial support of one’s family, he/she is to make decisions concerning money management. It provides the opportunity

1.to see the consequences of one’s decisions;

2.to set the priorities;

3.to become responsible for one’s actions and choices.

The college life is full of temptation. Getting rid of the parents’ hyperprotection, the students want to catch every moment of their life. They want to go to the night clubs, to dine at restaurants or drink beer with friends in the evening. But they cannot afford themselves everything; there are other obstacles beside the parents’ vetoes. The students learn about another restriction – lack of money.

Learning from mistakes

Making mistakes of their own the students face the cruel reality. In order to learn by bitter experience they are to realize that money is to be earned. Combining work with study is a very useful experience. It is very difficult to find enough time to work after classes. Earning money hard will change the students’ attitude to it.

The first spending habits will be developed or changed in future. The students are known for their frugality and unique ability to economize on everything. They can use the same tea bag several times or make a party having several cakes at their disposal. It is necessary for the students to set the priorities. It is important to realize that it is possible to economize on entertainment not the elementary essentials. The young people on the contrary often deprive themselves of healthy food economizing funds for a new dress or a night club.

About the Author

Elizabeth Reed is an experienced researcher and essay writer. Elizabeth has been providing assistance to students with custom term paper and research papers for over 4 years. She is always ready to provide custom writing paper help and writing tips to students.

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