A Lot Of Students Find Themselves For Financial Trouble Essay

A lot of students find themselves in financial trouble. Especially, if you only work a certain amount of hours. Students have trouble maintaining finances because they have mostly lived off of parents and/or guardians since birth. For most students, college is usually the first time away from home. It can be difficult to adjust. Overall, learning to manage money can be a daunting task for anyone, but especially when you are young and just starting out. Assignment 7.1 We have all been there – running short of money. Sometimes we spend without being aware of what we have in our accounts, and that usually seems to be the time when extra or emergency expenses occur. In this paper, I will answer the following five questions pertaining to â€Å"the Case of Overdrawn, Overwrought, and Over Her Head†. What should Tara do now to start addressing her problem? What steps should she take immediately? I am not certain what she should at this point. Her immediate issue is to find extra money from somewhere; perhaps parents, friends, or a short term loan company could help her resolve the issue of car repairs. Perhaps if she has savings, this would be the time to utilize those funds. If not, then maybe her bank will help her out, and extend her a line of credit or short term personal loan. Depending on her credit card servicer, they may extend or raise her credit limit. However, she would likely have to be in good standing thus far. Can you suggest some approaches Tara can take to deal withShow MoreRelatedCauses And Disadvantages Of College Students Dropout809 Words   |  4 Pagesreasons of college students dropping out is trying to balance work and school, academic difficulties, and financial problems. One reason students drop out of college is not being able to balance work and school at the same time. 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