“Financial Expert Advises College Students on Money Management Strategies”
– T.U.’s student financial wellness consultant, Dr. Thamara Barthelus, shares key tips for college students to effectively manage their finances.
– Dr. Barthelus emphasizes the importance of tracking expenses, starting small, and seeking smart advice to build credit and save for the future.
Dr. Thamara Barthelus, a student financial wellness consultant at T.U., provides valuable advice for college students on managing their money. She highlights the significance of keeping track of expenses and understanding where and why money is being spent. By calculating receipts weekly or monthly, students can evaluate their spending habits and make necessary adjustments.
Dr. Barthelus also emphasizes the importance of starting small and young when it comes to money management. She encourages students to consider using a debit card instead of a credit card as a starting point, while being mindful of excessive spending. By saving early on, students can benefit from having funds available for unforeseen circumstances in the future.
Furthermore, Dr. Barthelus stresses the need for college students to seek smart advice and not hesitate to ask for help when needed. She warns against obtaining a credit card solely to cover financial gaps, as it can lead to costly mistakes. Understanding one’s income and expenses is crucial in creating an accurate budget and making informed financial decisions.
Overall, Dr. Barthelus provides valuable insights and guidance for college students to effectively manage their finances and build a strong foundation for their financial future.