This past Saturday we had the opportunity to participate in the Money Smart Week Tailgate put on by the Nebraska Financial Education Coalition. This fall, Money Smart Week is November 9-15. During this week, there will be activities and presentations held across the state to increase Nebraskans’ financial literacy. The Money Smart Week Tailgate is the kickoff event for the fall Money Smart Nebraska Week.
We had a great time participating in the tailgate and meeting lots of Husker fans! The SMMC gave out some informational postcards with mints attached with the saying, “Need to freshen up your money management skills?” In addition, the Nebraska Financial Education Coalition gave out pom poms, money tips with candy, and had a money machine available for passers by. All you had to do to get a chance in the money machine was give your best money tip. Here’s some of the tips we heard throughout the morning:
-Save money each month
-Spend less than you make
-Apply for scholarships
And there were many more! We were also joined on the Union Plaza by ASUN (student government) and KFRX (radio station) who give out free Pepsi and hotdogs before each home game. It was a great time and we loved the atmosphere!
There isn’t a right or wrong answer to this question. Some students’ parents may not want them to work so that they can focus solely on their studies. On the other hand, some students may want some spending money or work experience during their time here at UNL.
There are many pros and cons to working in college. It is not as simple of a question as “Do I need more money?” When students come in to the SMMC and ask if we suggest that they work during college, we often answer yes. Not only is working in college a great way to get some extra spending money, but it also helps students to start to learn how to budget their money, live within their means, and save for future financial goals. Not to mention other benefits like networking and making professional connections, which are very important when applying for jobs. Any type of job will give you some work experience which you can use to convince a future employer that you are right for their open position.
However, some students work too much and aren’t able to devote the time to their classes that is needed. Many students are able to balance work, classes, and a social life by working 10-15 hours per week. Take a look at your monthly budget and see how many hours you would need to work to close the gap between income and expenses. If you don’t need extra income for monthly expenses, think about creating a savings plan to meet a financial goal such as studying abroad, a spring break trip, or a new car. Consider looking for a job on-campus or around campus, which gives you a great opportunity to meet new people in your college community.
If you need help finding an on-campus, off-campus, or work-study job or an internship, stop by Career Services, which is right around the corner from us on the second floor of the City Union in room 225. You can also check out their website at http://www.unl.edu/careers/