Plonkee’s started a positive meme on our best financial decisions during college. While sharing our negative decisions is a good way to reflect on learning experiences (and know that our blogging friends screw up too), it’s definitely nice to focus on something positive.
My best financial move during college: Studying.
While it’s not specifically financial, studying and doing well in all my classes had two major financial repercussions on my life, one then and one now.
First, studying was what kept me going financially in college. (then)
Without at least a 3.6 GPA (just below an A minus), my main scholarship would have been gone. Then below a B, (3.0) most of the rest would have been gone. Also, I’m not sure whether my parents would have continued to provide the rest of my support if I’d started slacking off. They would have taken me back in at home and possibly helped me go to the local, pretty decent state school. But there’d be no point in helping me go somewhere expensive if I wasn’t taking advantage of it.
I know someone who decided to go with student loans instead of his scholarships so that he’d have more free time. I suppose that would have been an option, but I really don’t like debt and I’m glad I graduated debt free.
Second, studying was the entire point of my being there (well, most of it…) and made me more marketable. (now)
Going to college without actually doing well in class is like paying to live in a really expensive gated community for 8 semesters. Sure, it was fun to make friends, I got involved with lots of student groups (at points, too many), I volunteered at a couple places, I worked on campus, etc. But I also graduated summa cum laude. Employers may not care about that, but they will care that I have a) the degree and b) the various bits of knowledge and experience I picked up by not slacking off.
Becoming more marketable is normally a great financial decision.
So there you go. I think I made a lot of smart choices in college (and a lot of dumb ones and some that were just plain mediocre…not dumb but I’d like a do-over). What about you? I’m not really a meme-tagger, so tag yourself or leave your story in the comments?