I work with college students every day. I encounter lots of different issues in their lives. Personal finance is near the top when it comes to their biggest struggles. Some have no idea how to handle their money. Others don't have any money (okay, that's most of them).
What should a good financial foundation for college students look like? Dave Ramsey is famous for his "Seven Baby Steps" that pave a solid financial path for the average North American. I'm a Ramsey fan and certified Ramsey Solutions Financial Coach. But his baby steps aren't perfect for everyone, particularly college students. Here are seven baby steps I recommend college students take to move them toward financial health.
What do you think? What's missing?
If you're a college student and want to talk more about your financial situation, reach out. I'm happy to help.
I had some terrible coaches when I played high school baseball. It boiled down to one thing. They yelled. Like, they yelled a lot. I never did enough. I never did anything right enough.
I felt hopeless. I had no confidence. I wasn't a courageous player or teammate. I was a shell of what I was before high school (in 7th and 8th grade---my glory years). It was awful enough to make me want to quit.
So I did. I quit playing baseball.
What does this have to do with money? Everything. If our financial life is a bit topsy-turvy, we need something that will inject hope into our situation, instill confidence when the odds are against us, and inspire us to act courageously when the world is telling us to buy another toy.
A financial coach does exactly that. How are you doing financially? Do you need some hope, some confidence, some courage?
You might just need a financial coach.
What's a financial coach? At its core, it's someone who helps you with budgeting, spending, saving, and planning for the future. It's someone who's there to instruct, guide, and hold you accountable. Even if you're doing amazingly when it comes to money, you may have questions about your next best move. A financial coach serves as an impartial friend no matter the situation.
In the end, just like in any sport, financial coaching is about caring well for you and equipping and empowering you to thrive with money. Plain and simple.
I'd be honored to come alongside you as your coach. So, get in touch.
Oh, and I promise I won't yell at you.