Why Is Money Important In College

Money is a material necessity that a plethora of people do not know how to "handle". Statistically, a large percentage of both businesses and marriages end due to the mismanagement of money. It is essential for people, of all ages and socioeconomic statuses, to learn about how to wisely earn, save, invest, and spend their money. If a wealthy graduate were to offer to donate a large sum of money to my college with the condition that the college require all students to pass a course in personal money management before graduating, I would support the college accepting the donation and conditions. It would be a wise decision for Lindenwood University to accept these terms because requiring …show more content…
Though the thought of taking a course on personal finances or personal money management might sound like a waste of money and time to current students or future students, it would be in their best interest to make this investment of time and effort. For instance, students would get the opportunity to educate themselves on how to spend, save, and invest their money. I personally do not know much about how to save and invest the money that I am currently earning at the part-time job that I have. Though I am not in debt, and I do have a healthy sum of money in my checking account, I feel that it would be in my best interest if Lindenwood were to require me (and other students) to take a personal money management course. A college course that would explain finance "lingo", major concepts, and brainstorm ideas for money management would be extremely helpful to me. Not only could taking this type of course help with understanding how to manage the money that I have currently, it would also assist me in learning how to efficiently pay back school loans. Because obtaining a college education and degree is not necessarily affordable, millions of students within the United States take out loans to help them pay for their tuition. While