Why study money management?

Subject page : Money Matters

Why take time to deliver a service solely about managing money!

Not having enough finance is one of the biggest concerns of students today. But financial monitoring of the finances on hand receives a minimal amount of time and attention.

We are in the time of the Credit Crunch which has made borrowing harder and more expensive, yet many students don’t know how to protect their credit profile. It is so important in today’s financial climate to ensure your credit score stays high.

Not paying your credit card payment on time can incur a minimum £12 late payment fee. Not taking time to arrange a temporary overdraft if needed can incur an unauthorised overdraft fee of £28 plus £30 admin fee totaling £58. This could escalate if not paid back immediately (“Bank charged me £800 for going 8p in the red” Metro Tuesday July 22, 2008)

Many students don’t have the knowledge or time to effectively challenge any charges they may not agree with resulting in having to pay.

As you can see time is money. How you utilise your time determines the quality of life you live.

Financial ignorance or lack of interest at this time is an expensive habit to service.

Author:  ffig
Added:  20 Jun 2009