Cheryl Winokur Munk
speaker
643 appearances
14 recordings
1 series
first heard Mar 2018
last heard Nov 2024
Cheryl Winokur Munk’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
It's very easy to get surprised when you see your credit card bill.
Well, really, the idea is that means you've overpaid in some way, either through a loan disbursement or you've just overpaid somehow, a grant or a scholarship, and somehow when that exceeds the cost of tuition, room, and board and other school-assessed fees, you're going to have this credit balance refund.
That money is really supposed to be used for school-related things, so books, transportation, other education expenses.
What you shouldn't do is use it for things like spring break.
Sometimes students see that they have that money and they kind of go hog wild in terms of spending, and really it's supposed to be used for your college needs, and if you spend it in advance...
Then when you really need it, you won't have that money.
Well, again, it's also following that budget.
And so, you know, when you're taking out an apartment, you have to know how much you can actually afford each month.
and not signing leases for things that you can't afford, and also being careful when you sign a lease that if you plan to be there only nine months, make sure you read the lease.
If the lease is 12 months, you're on the hook for 12 months, even if you only plan to live there for nine months.
I mean, sometimes you can sublet, sometimes there are other options, but you really have to be careful when you're signing a lease that you know what you're actually signing.
Well, anything you do now is really a precursor for what you're doing later on.
So
The more you can learn now when the stakes are much smaller, the better off you'll be in a position later on.
Like if you're doing a budget, even if you're not making a lot of money or making even any money, but you have spending money from your parents, let's say, the budgeting tools you're learning now are going to help you later in life when the stakes are higher, when you have a job, when you have an apartment, when you have car payments, when you have all these other things.
And that will help you get off on a more solid financial future.
The other thing is that you want to make sure you're doing things like saving money now, because again, for the long run, like people don't think about retirement when they're 18, 19, 20.
But, you know, retirement is a really big deal and it's a lot of money that people need to save.
So getting started as soon as possible is really an advantage.
WSJ Your Money Briefing · Financial Mistakes to Avoid When Sending Kids Off to College · 18 Jul 2023
podcast
But you really, really need to set clear expectations for what their spending will be.
Showing 181–200 of 643 · page 10 of 33
← Previous
Next →