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Don’t Be Stupid, Tips For A College Freshman

August 3, 2018 23 Comments

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Another year and another freshman year is about to start. Congratulations to all freshmen, you made it to a university! Every year thousands of students make the same mistakes and they drop out. For them, the college dream never gets materialized. But you! Yes you, Don’t be stupid! Do not drop out, hang on, and read on.

Don't Be Stupid, Tips For A College Freshman

When I think of my freshman year at college, I have many fond memories and can think of many important lessons. I don’t think there is one single tip that would have made my first year of college incredibly different, but I have a few tips that would have been very helpful.

 

Learn to Budget and Keep a Budget

You don’t have mommy and daddy to watch your spending and many of you will not have them topping off your bank account anymore. Learn how a budget works and keep track of your budget.

Between the beer, pizza, restaurants, parties, snacks, clubs, and other miscellaneous expenses, your first year of college can get expensive fast. Make sure to take advantage of your meal plan and watch where you spend.

Do Not Get a Credit Card for Free Pizza

The laws have changed and credit card companies can’t market to college students as they did back in my day, a whole eight years ago, but that doesn’t mean financial institutions will not pray on your naivety.

Credit card companies gave away free pizzas, t-shirts, and other freebies to get students to sign up for a credit card that could end up costing thousands. If you want a pizza, spend five bucks on a pizza, don’t get a new credit card or bank account.

Have Fun, But Study Hard

You are at school to be a student, the fun parts are just a perk. Do not forget that. I knew far too many people who focused on beer pong, flip cup, and other intramural sports when they should have focused on calculus, biology, chemistry, finance, accounting, or [insert class here].

Do not get kicked out, do not have your parents bring you home and do not spend the next three years trying to fix your GPA. Start strong and your college life will be much less stressful.

Don’t Be Stupid

You will have a lot of opportunities to be stupid. One of my favorite memories was watching my friends shopping cart jousting in a school building.

I once saw a friend free climb the math building. I can’t tell you how many friends were caught in the Halloween riot in 2004.

Have fun. Work hard. Watch your money. Learn what you can. And, most importantly, don’t be stupid.

You should try to spend as little as possible from your student loan, the quicker you repay your loan the early you will be debt-free.

Earn As Well, If You Can

There are plenty of different ways a college student can earn money. Try this only if you have time in hand after the classes and home works.

If you can lessen your student loan burden then there’s nothing better than that. I know many students who even saved money after repaying the loans, all out of the student income.

Remember, today’s hardship is tomorrow’s comfort! There are various ways to cut costs on books, food, and tuition while you are at college, weigh the tips and if applicable to you start following from day one.

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Comments

  1. Financial Success for Young Adults says

    September 2, 2011 at 11:02 AM

    I can definitely agree with the tip to not get a credit card just for the free pizza. It seems like credit card companies are becoming more bold with their goal of trapping you in debt.

    Reply
    • SB says

      September 2, 2011 at 12:38 PM

      but if you can pay off from your side income, part times, then accumulating points won’t hurt

      Reply
    • Eric says

      September 3, 2011 at 4:27 PM

      These predatory practices have become illegal since the new CARD act was passed. It is good to see students protected.

      Reply
  2. MoneyforCollegePro says

    September 2, 2011 at 11:06 AM

    Budgeting and not signing up for credit card are both excellent tips! I see this faaar too often and it kills me every time.

    Reply
    • SB says

      September 2, 2011 at 12:37 PM

      College campuses are multi-billion dollar business for card companies.

      Reply
    • Eric says

      September 3, 2011 at 4:28 PM

      I didn’t have a good budget in college, but I had an overall idea of what I needed to spend (not spend) to keep on track to have enough money for the entire school year before I went back to work for the summer.

      Reply
  3. Shaun @ Smart Family Finance says

    September 2, 2011 at 1:07 PM

    My advice would be to plan as much as possible financially before you get there. This way you won’t be tempted to procrastinate on planning once things get “busy.” You’ll also be less likely to walk into costly mistakes early on, that take years of fixing.

    It doesn’t have to be a rigid plan, but I feel like the biggest problem with young adults these days is that college is seen as a way to put off the responsibility of becoming an adult. College should be fun and rigorous at the same time, but it’s an expensive way to put off the challenges inherent in becoming an adult.

    Reply
    • SB says

      September 2, 2011 at 1:16 PM

      No harm in asking parents for some interest free loans. It won’t affect much on their retirement income and also put you in solid footing after college.

      Reply
      • Shaun @ Smart Family Finance says

        September 2, 2011 at 2:32 PM

        That would certainly be the way to go! And a very good consideration for me as my wife and I have been trying to decide on how to handle college with our children.

        On one hand, we don’t want our kids to have large costs holding them back from a good education. On the other hand, we want them to be responsible about earning scholarships and taking over their own financial future when they are 18. Interest free loan could be the best of both worlds?

        Reply
        • SB says

          September 2, 2011 at 2:39 PM

          its our responsibility as parents

          Reply
  4. krantcents says

    September 2, 2011 at 2:33 PM

    Good points! I would add to build their resume by participating in sports, organizations, student government, and internships.

    Reply
    • SB says

      September 2, 2011 at 2:39 PM

      great add on! definitely they should start working on their resume, sports are good even for non resume purposes.

      Reply
  5. Suba says

    September 2, 2011 at 5:54 PM

    The Credit card law doesn’t fix stupidity, these days students can also fall into the trap of cosigning (senior students cosigning for freshmen). I think it might be better if students get a credit card AND get good training on how to use it before they leave home (provided the parents are good with credit cards in the first place).

    Reply
    • SB says

      September 2, 2011 at 6:09 PM

      Absolutely agree Suba! In our college days we didn’t hear about the word ‘credit card’. now a days I have seen students paying at the counter by credit card. Good home education is a must.

      Reply
  6. Miss T @ Prairie EcoThrifter says

    September 2, 2011 at 7:11 PM

    Great post. I like your tip about not getting a credit card for pizza. That is so true. So many people get swayed by the marketing tactics of these companies that they become blind to the risks they are signing up for. Kids especially are vulnerable to this; who wouldn’t want free pizza in college.

    Reply
    • SB says

      September 2, 2011 at 7:22 PM

      Thats so right, get one free pizza and then pay for pizza the whole life without actually getting the pizza to eat !

      Reply
  7. Dave says

    September 2, 2011 at 10:32 PM

    I think it is also important to get the full benefit of everything you are paying for in college. If you are on a prepaid meal plan, don’t go out to eat. Take in all the free activities on campus rather than spending money on entertainment.

    Reply
    • SB says

      September 2, 2011 at 10:35 PM

      great advice Dave. But I do think prepaid meal plans are costlier than cooking for self. But point noted, get full worth of money spent, no waste of food or money or time. Thanks for commenting!

      Reply
      • Daniel says

        September 3, 2011 at 11:19 PM

        I would consider the costs/benefits of living in the dorm vs. living off campus both housing wise and food wise. Not all schools make you live on campus.

        Reply
        • SB says

          September 4, 2011 at 12:06 AM

          VEry good suggestion Daniel. Generally room sharing is cheaper option than dorm rent wise.

          Reply
  8. Robert @ The College Investor says

    September 3, 2011 at 2:57 PM

    I agree! Don’t be stupid! The impact can last a lifetime!

    Reply
  9. Lou Formica says

    September 7, 2011 at 12:32 AM

    Great post. I like your tip about not getting a credit card for pizza. I think it is also important to get the full benefit of everything you are paying for in college. keep posting..

    Reply
  10. wuxiaworld says

    August 6, 2018 at 10:23 AM

    I think first-year students are unaffected by stupid things!

    Reply

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