Comments on: Dispelling Common College PF Myths http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/ Saving, Earning, and Investing Money Sat, 21 Nov 2009 00:22:17 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Grant Baldwin http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124518 Grant Baldwin Mon, 26 Jan 2009 18:25:43 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124518 Love this post from @Studenomist! I speak to teenagers across the country who are convinced they can't go to college without student loans. Hopefully posts like this will continue to remind them the long term effects those loans may have... Love this post from @Studenomist!

I speak to teenagers across the country who are convinced they can’t go to college without student loans. Hopefully posts like this will continue to remind them the long term effects those loans may have…

]]> By: Richer and Slimmer http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124392 Richer and Slimmer Sun, 25 Jan 2009 08:03:47 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124392 I wish someone had told me about retirement planning while at school. I had extra money from my stipend every month, but the thought of saving it for retirement never crossed my mind. Good post - wish you had written it a few years back. I wish someone had told me about retirement planning while at school. I had extra money from my stipend every month, but the thought of saving it for retirement never crossed my mind. Good post – wish you had written it a few years back.

]]> By: elementaryfinance http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124306 elementaryfinance Sat, 24 Jan 2009 13:24:03 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124306 As a school teacher, I can tell you that getting kids to forward think is difficult. You have to show them a real tangible reward. Trick them in to good habits. Match dollar for dollar what they save if you have the means, show them other easy ways to do it. On my site, I advocate finding money within your current budget to "pay yourself" If you made coffee at home rather than buying it at the local coffee shop, "pay yourself" that $4 straight in to your savings account. Read my article (linked here) to read the rest. http://www.elementary-finance.com/education/home-finance-tip-pay-2/ As a school teacher, I can tell you that getting kids to forward think is difficult. You have to show them a real tangible reward. Trick them in to good habits. Match dollar for dollar what they save if you have the means, show them other easy ways to do it. On my site, I advocate finding money within your current budget to “pay yourself” If you made coffee at home rather than buying it at the local coffee shop, “pay yourself” that $4 straight in to your savings account. Read my article (linked here) to read the rest.

http://www.elementary-finance.com/education/home-finance-tip-pay-2/

]]> By: Studenomist http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124285 Studenomist Sat, 24 Jan 2009 04:13:00 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124285 Is $50 worth it? Well it depends, if you plan on adding the money to your other savings then go ahead. If you plan on spending it at a night club or on eating it out then the answer is yes it's worth saving it. Yes I understand that our generation is not exactly known for patience but just give it a try. Put away $50 every week or biweekly and don't even think about it. In a few years when you are reviewing your finances you will instantly remember how you have a couple of hundred dollars saved up. Is $50 worth it? Well it depends, if you plan on adding the money to your other savings then go ahead. If you plan on spending it at a night club or on eating it out then the answer is yes it’s worth saving it. Yes I understand that our generation is not exactly known for patience but just give it a try. Put away $50 every week or biweekly and don’t even think about it. In a few years when you are reviewing your finances you will instantly remember how you have a couple of hundred dollars saved up.

]]> By: Jeff Rose http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124281 Jeff Rose Sat, 24 Jan 2009 03:38:50 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124281 You're right, every little bit helps. @Craig. You would be surprised on what $50/week would amount to 20-30 years from now. If you have the discipline to invest $200 per month now, you are on the fast track to an early successful retirement. It is definitely worth it! You’re right, every little bit helps.

@Craig. You would be surprised on what $50/week would amount to 20-30 years from now. If you have the discipline to invest $200 per month now, you are on the fast track to an early successful retirement.

It is definitely worth it!

]]> By: Michael http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124251 Michael Fri, 23 Jan 2009 22:44:13 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124251 Great post, I love it when people bust myths! Great post, I love it when people bust myths!

]]> By: Michael http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124250 Michael Fri, 23 Jan 2009 22:42:13 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124250 Some recent college grads rather live now and don't plan for the future, I think they should dig their wells before they are thirsty! Some recent college grads rather live now and don’t plan for the future, I think they should dig their wells before they are thirsty!

]]> By: Craig http://www.lazymanandmoney.com/dispelling-common-college-pf-myths/comment-page-1/#comment-124233 Craig Fri, 23 Jan 2009 19:50:19 +0000 http://www.lazymanandmoney.com/?p=1559#comment-124233 Being a recent grad it's very difficult to try to establish a retirement fund. You know you have to, you may want to, but you also want to enjoy life now, and don't have the income to really build all these side savings. I had one straight out of college but am at a new job and currently not contributing. I know I need a new IRA to set up, just not sure if $50 a week is even worth it now. What do you think? Being a recent grad it’s very difficult to try to establish a retirement fund. You know you have to, you may want to, but you also want to enjoy life now, and don’t have the income to really build all these side savings. I had one straight out of college but am at a new job and currently not contributing. I know I need a new IRA to set up, just not sure if $50 a week is even worth it now. What do you think?

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