A lot of people do not know how to deal with money, especially not students. The biggest mistake is to get into a credit card debt, which takes you about 15 years to pay off this debt. Second, students with a student loan tend to spend more money on lifestyle than on their education, while there are smarter ways to spend the money. Last, the student is not budgetting enough, meaning that students have a low credit score when they graduate, which is inconvenient to obtain a home loan or a car loan.
Mélanie Ferrer
Source: http://financialplan.about.com/od/moneyandcollegestudents/a/CollegeMistakes.htm
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A lot of people do not know how to deal with money, especially [not] students. The biggest mistake is to get [getting] into a credit card debt, which takes you about 15 years to pay off this debt. Second, students with a student loan tend to spend more money on lifestyle than on their education, while there are smarter ways to spend the money. Last, the student is not budgetting [budgeting] enough, meaning [which means] that students have a low credit score when they graduate, which is inconvenient to obtain [when you want to obtain] a home loan or a car loan.
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