Monday, February 16, 2009

Students Must Manage Their Finances

Students with and without disabilities can be responsible for their own finances. Parents and teachers can help children by teaching money matters when they are young. Students with disabilities can start managing their own finances by creating and maintaining a budget. Parents can guide children into making wise choices by presenting early financial decision opportunities. */*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\ This web site, http://kids.daveramsey.com/ demonstrates an opportunity for young children to start making wise choices. The read along sample book, Careless at the Carnival, is an outstanding example of what happens to money when budgeting plans are not followed. The link to "Learn from Ben and Arthur" shows the importance of compound interest and saving money NOW. */*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/ Sandy Shields has written an article titled Successful Budgeting for Students. The article is located at website http://www.chiff.com/a/budget-student.htm. In the article, she expresses the importance of a budget as well as addressing five key elements to manage a budget. She includes vital information about life style changes needed to spend money wisely. */*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/

http://financialplan.about.com/od/moneyandcollegestudents/l/blcollbudget.htm provides a printable Budget Worksheet for College Students. Students can make copies of the worksheet and practice maintaining their budget. */*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/*\*/ Budgeting Tips for Students is a video about the financial issues that students face when attending college. Listening to the video will make you aware of possible financial issues that you may face when attending college. Planning and managing a budget prior to college can prepare students to avoid some of the pitfalls seen in the video. http://www.youtube.com/watch?v=BLZzsa4Ng3c