Monday, March 11, 2013

Vices and The Wallet

They tell us college is the best times of our lives. Well, they're right. This isn't just a time for tests, projects, and papers. It's a time for experiences that shape us into the person we are meant to be. This is the time for self discovery. College students are supposed to take risks and make mistakes, but how does that effect one financially? We all can agree that one reason we're broke is because of our vices, right? Let's take a look at how a few of these vices are affecting the wallet:




Partying
Let's admit it, college students love to party! Its a way to wind down from the stress of school and enjoy yourselves with friends. But here's the kick, students are doing this every weekend, and that can get costly. It cost to hit up parties including entry, food, and preparing. Ladies have it slightly better, with the free entry, but don't forget about the outfits! This can add up.

Smoking & Drinking
College is definitely the time for experimenting, and students often find themselves playing around with alcohol and drugs. It's a part of the social scene, but can be damaging to the body, mind, and wallet. It costs to purchase these items and students are often placing these vices above their responsibilities.

Poor Study Habits
School was so much easier in high school. It seemed like we could handle four classes five days a week, piles of homework, and extra curricular with ease. But once we hit college, those skills kind of disappeared. Students are finding it harder and harder to manage their new found free time responsibly. Now that we have the choice of picking class schedules, we often find that there's a lot of time that isn't being used actually studying and preparing for class. How does this hurt the wallet? Students are taking longer to graduate and spending more and more money on retaking classes. Don't forget, students loans have to be paid back ..

This is the time to enjoy your youth, but everything comes with a price. While, these experiences are needed to help figure life out, it's important to be responsible and smart with the decisions one has to make. Students have to recognize their priorities and manage their lives accordingly.

Shanika Simmons

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