Money Management Mistakes
EK
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05/31/2021
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- [00:00:01.278](mellow music)
- [00:00:15.610]Hi everyone.
- [00:00:16.730]My name's Luke Anderson.
- [00:00:17.700]I'm a junior Trombone Performance major
- [00:00:19.420]from Lincoln, Nebraska.
- [00:00:20.470]And I'm here to talk to you all about money management
- [00:00:22.580]and some mistakes that you can avoid.
- [00:00:24.920]Now, before I came to college, I only worked one job.
- [00:00:27.910]It was full-time over the summer
- [00:00:29.190]after I graduated high school and I made bank.
- [00:00:32.080]So coming into fall of my freshman year here at UNL,
- [00:00:34.260]I had no concerns whatsoever about money
- [00:00:37.490]and I had little reservations about ordering stuff online
- [00:00:41.830]or going out to eat all the time.
- [00:00:44.070]And I never bothered checking my bank account
- [00:00:45.850]because I was always like, "No, this is fine.
- [00:00:47.600]It's barely making a dent in what I have."
- [00:00:49.640]And long story short, that added up fast.
- [00:00:52.850]You know, if you don't limit your spending,
- [00:00:55.950]especially if you're just without an income
- [00:00:58.210]and pulling from the pile like I was,
- [00:01:00.090]money can disappear so quickly.
- [00:01:02.340]I got to the point where I realized
- [00:01:03.980]how much money I'd spend in such a short amount of time
- [00:01:05.960]and it was definitely a wake up call.
- [00:01:08.670]And some things as a college student and in life,
- [00:01:11.350]you just have to spend money
- [00:01:12.410]on things like textbooks and gas
- [00:01:14.730]and someday it'll be rent and utilities and groceries.
- [00:01:17.540]And those things can be pretty expensive
- [00:01:19.070]and the worst thing you could possibly do
- [00:01:20.790]is put yourself in a situation where you need to have money
- [00:01:24.270]to be able to pay for some of those things
- [00:01:26.350]and then you don't have it.
- [00:01:27.480]That's a really difficult situation to get yourself out of.
- [00:01:31.230]So I know it can be tempting to get Chick-fil-A
- [00:01:34.210]from the union every day,
- [00:01:35.460]or just buy a bunch of stuff from Amazon, but don't do it.
- [00:01:38.600]The bottom line is just be super, super aware
- [00:01:42.100]of how much money you have and how you're spending it
- [00:01:44.600]and you should have nothing to worry about.
- [00:01:47.882](mellow music)
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