Forbes: A Simple Way to Help Your College-bound Student Ace Personal Finance

By SIMON CONSTABLE

It's normally this time of year that first year undergraduates start to realize that their finances are a mess. At least that's when it dawned on me when I was at college.

Author Kingsley Amis nailed the sentiment when he wrote: "[...] he [Jim] must review his financial situation, see if he could somehow restore it from complete impossibility to its usual level of merely imminent disaster."  That was from Amis' superb novel, Lucky Jim.

Yes, right now many students may feel just like the protagonist of that novel right now -- totally skint, or broke.

The problem has long been simple. We spend a lot of time insisting that students learn algebra and punctuation. But we spend close to zero time teaching basic personal finance.
That's where the O.M.G. Official Money Guide for College Students by Susan Beacham et al., comes in handy. Read more here.


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