Today’s college students are saddled with over $7,000 in credit card debt alone by the time they get out of school (that’s before they get a job). That number is on top of student loan debt, money for rent, gas for the car, a car payment, food and all the other costs that go hand in hand with just staying alive and healthy today. The average 21-year-old actually owes over $12,000 in debt. The single most pressing problem faced by college students today is not high debt, though. It’s a lack of financial understanding.
How a Daily Money Manager Can Help College Students
As mentioned, the most pressing problem you face is a lack of sound financial understanding. Do you know how much you owe, and how often that interest is compounded? Do you know when your bills are due? Do you know how much each of your creditors charges in late fees on those payments? Most college students don’t – they have their hands full with school and life, and their finances suffer for that.
Daily money management solutions can be the best decision you make in your entire life – it’s about learning the financial skills you need for a stronger, happier life. At Baker DMM, we help you learn more about where your money is going, and how it’s being bled from your accounts by your creditors and late payments.
Daily money management solutions can be the most important decision of your life – the right choice will help you build a strong future. Contact Baker DMM today for more information.