Money Talk: Things Not Taught in College
Going to the college of your dreams and living the college life. Going to classes, making friends, having new experiences and growing as an adult are all part of the collegiate experience. The basic premise of college is to better prepare you for the workforce and give you the tools that will enable you to be a productive member of society. That typically means, helping you to identify what you are good at and can earn a living. The path you chose coming out of college, may take many turns in your work life, but you should have the skills needed to navigate the working world and build a good life for yourself. Getting a strong GPA is one of the hallmarks of your college experience as this will enable you to secure a good job in a competitive workforce. Getting this good job is one of the goals that will enable you to provide for yourself and to begin repaying those student loans (the majority of us have them).
With all these things being taught in college to prepare you for life as a working adult, one of the glaring gaps is financial literacy and a basic foundation that we all should have coming out of these higher education institutions. Learning about credit, budgeting, cash flow, debt repayment, personal investments are just a few of the items that are needed on an everyday basis but aren’t quite delivered to the average student. Let’s just address one of the things that will be critical in your first few years as a working professional, your Credit Score. This number is at the foundation of your cost of living, the higher this number the cheaper it is to borrow money and more people trust you to pay them for loans and services. It is that simple, but not well understood. You can start to work on this number while in college but most students and even younger professionals do not. This lack of focus will end up costing you thousands. What you don’t know, can and will hurt you, head in the clouds defense does not work with this one.
It is your responsibility to learn about your credit score and report to ensure that you are making the right financial decisions to improve them. Similar to your GPA, your credit score is what many financial institutions look at as a critical part of their review process to determine if they want to provide a loan or other services to you and how much you will pay for it. You will need help learning how to navigate this world of finance and how to make the right financial decisions. That is where Trifigo comes in, to provide that guidance and tailored insight to you to help you meet your goals. Don’t go on this journey alone, we are here to help you get to that next level.
So what should you do?
You should take the first step and download our App, we’re your credit resume writers.
Let’s put some cash back into your pocket.