Financial advice. UK Help me!?
I’m 19 and on the next academic year – 2010/2011, I’m going to UK, London, to study at university. I’ve managed to find a job with the help of internet, but the problem is following – I’ve calculated that with the money I’ll be earning part-time, I’ll only be able to pay for my flat rent, leaving me to the issue of having no money to cover my living expenses. I have already applied for the tuition fee loan, so I already have one loan from the government (if this information changes anything).
I would really like if you could enlighten me with some of the possibilities that I have – applying for a student credit or smth? And what commitment am I standing up against if I decide to apply for a loan or a credit?
I am already thankful for your advices and I wish you all good luck ! .
Easy loan life .com advice and financial help on how to save money, get out of debt, and find financial freedom.
Starting Dave Ramsey’s Financial Peace Universtiy?
I am beginning on Tuesday and am wondering if anyone can tell me what to expect and if I need to take any materials with me. I am looking forward to being debt free (again) and moving on without financial problems!
I went through Financial Peace University a few years ago and it dramatically changed my marriage for the better. One of the biggest realizations I experienced is just how pervasive this assumption is that we need debt. Debt is a product. Its something people sell. It is not a necessity. We have been so well marketed to for so long that the idea has ingrained itself into our culture. My advice is to go in with an open mind. After all, if you didn’t think you could be doing better with money, you wouldn’t be interested in the first place.
Second, there are over 800 verses in the Bible about money. Not one of them mentions debt in a positive light. In fact, Jesus said more about money than he did about love. So there is something important to getting this money piece of our lives right.
Lastly, the unique thing about Dave is that he understands how to help people change their behaviors. There is an emotional component to the process of paying off debt that is wisely incorporated into his plan. Paying off the debt you think should go first mathematically may take a good while. While paying off the smallest debt first gives you an emotional win. It reinforces on a deeper level that you can do this.
Congratulations Magpie for getting on that path to financial freedom once again.
I am going to University…I need advice?
What advice do I need..I am going to University at Queens
As a student you will no doubt have so much paperwork and information coming into you, that it is important to have some system in place so you don’t get overwhelmed, especially with course-related work. There is lots of potential to get stressed out at university, so having a good GTD based system in place to keep you focused and organized is key. Because you have so much freedom as to how you learn and study, it is so much more important that you are able to manage yourself and your time so as to keep you disciplined. Read some of the posts under my GTD catagory to get you started.
Avoid credit cards!
When it comes to credit cards, loans, overdrafts and other similar financial aid, banks and companies are not offering you them out of the the kindness of their hearts. For example, my friend tried to apply for a loan but the bank said he had too good a chance of paying it back in time. In other words it was not to the advantage of the bank, because they would not get the extra benefits of missed payments, interest etc. It was a rare show of honesty but it summed up their attitude. Students are easy targets for them because they know they are typically short of money.
Track your spending
It’s a valuable habit to get into and being a student, with all the difficulties of juggling expenditure, is a good time to start practicing it. Keep a log of how much money you have coming in and how you are spending it. That way you can tell exactly where your money is going and make important conclusions from it. Found out you are spending the bulk of your money on study books? Look at buying them second hand or using the library.
Speaking of books, they are typically very big expense so buy used ones where possible (Amazon, eBay etc) and then sell them on when you’ve finished with them to cut some of the costs. You will very rarely need to keep the books once you are finished the course anyway. It is always beneficial to have your own copy of a book but do also consider whether you can make do with taking what you need out of the library instead (don’t rely on this approach however, libraries have limited numbers of copies and its quite possible you could miss out). There is also the option of sharing a book between small groups of friends.
We all know it’s a pretty common thing to do at college/uni; going to the uni bar, parties, nightclubs etc. If you are worried about spending a lot, do what a friend suggested to me and take out a set amount of money beforehand (and ideally when you are sober) and then leave your bank card at home. Another way to save money is to not go out into town, but buy drinks from the shop and drink at home with a few friends. Bars and pubs tend have inflated prices and that’s on top of having to pay to get into places. Shops – and supermarkets especially – usually have really good special offers.
Use your campus
Get to know your campus quickly. It’s where you will spend a lot of your time and by acclimatising yourself to it early, you will settle in much more quickly, making those first few weeks more pleasant. You will also learn the little quirks like the most quiet place to study, or the busiest time in the canteen. By knowing about your campus you will be able to make the most of the facilities. Any half-decent college/university will host plenty of free/cheap entertainment and special events. They are much better for your finances than expensive nights out round town.
Your social network
On top of getting to know your campus, consider getting to know and befriend as many people as possible, whether it be other students or lecturers. It makes acclimatising to university much more easy if you have people you can talk to and trust. It can also open up lots of opportunities. A lecturer you can comfortably talk to may be able to provide advice on your work, and it can be so much easier to do group work if you have friends on your course. Freshers week is great for achieving all this as there will be so many other people in the same position as you. Look to join groups that have the same interests as yours!
At college or university, there will always be kids with rich parents and relatives and those who willfully walk into debt without a second thought. Avoid hanging around them too much otherwise you may find yourself getting involved in their expensive lifestyles also. Beware of lifestyle inflation! If you get accustomed to their sort of living it can be very difficult to drop back down to a lifestyle more appropriate to your expenditure.
Appreciate your time at college/uni
It’s a unique experience that most people can only really go through once so make the most of it. Some people focus so much on the fun side of things that they come away with a poor degree. Likewise some people are so into their work, they neglect to make friends and gain other experiences. You can work hard and play hard!
Who’s in College / University in USA. What’s it like?
What’s college / Univerity life like in usa. Any foreign students (i.e UK) currently currently studying abroad?
I’ve just graduated from a US university, and I loved it.
The thing I liked best was the academic freedom, but the whole experience was just amazing. Comparing my time at uni with my friends who stayed in the UK it seems like I had a much wider variety of extra-curricular experiences (except maybe those at Oxford and Cambridge).
It all depends what kind of place you’re studying at – if you can get a good financial aid package or do an exchange at one of the Ivy League schools, a top liberal arts college or somewhere like MIT or Stanford you’ll be guaranteed to get wonderful opportunities.
Life is very different there, but it varies according to what kind of college you go to and whereabouts in the US you are. I was at a fairly large, urban campus university in the North East – it was great for me because there was always stuff going on in the college bubble on campus, but I had all the advantages of living in a major city too.
Apart from the general shock of being in a foreign place, one of the things I found hardest to deal with was the drinking thing – everyone tends to go to house parties rather than going out (basically because you can’t go to many clubs and can’t legally drink until you’re 21) which I found a bit dull since it got old for me when I was about 15 or 16. The Greek life system can be a bit intimidating too, but you can always choos a university where there are no frats and sororities or their influence is minimal.
As far as academics go you should be fine if you do well in school here – I was challenged but never overwhelmed, and you always have the option to choose only easy classes if you want good grades with minimal effort. The only strange thing is getting used to continuous assessment – just about every piece of work you do is going to count towards your final grade on your degree, so no slacking off for two years and putting in a valiant effort for finals – finals happen every four months, and that’s not even considering midterms, papers and presentations!
If you’re really interested in going ahead with it then talk to the Fulbright commission – www.fulbright.co.uk
They have an annual College Day event in London and also Edinburgh where representatives from 100s of US colleges come to provide information, as well as holding seminars about financial aid and SAT prep. If you didn’t make it this year then unfortunately you’ll have to wait until 2007 but it’s a great place to get info and chat to people, often recent grads.
career prospective of bachelor of Financial Economics…?
Im doing my Bachelor of financial economics in university.. but i wonder about how wider my career prospective? Im not sure what kind of jobs i can get involve after i finish my degree course 2years later. Anyone can tell me what kind of jobs and my career prospective? thankx ya..
Try marketing like me. Its GREAT and I have plenty of time freedom and my wife and I do what we want when we want!!!
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