When it comes to handling money, how do college freshmen view their abilities? I asked about 1000 students as they began classes this fall. What do you think they said?
Most—about 52%, in fact—think they are handling money pretty well. They consider themselves focused, having a personality that includes watching their pennies, reconciling accounts, and not spending more than they can handle. Another 24% considered themselves free spirits, or having a laidback attitude about money. About 17% deemed themselves such “friendly” personalities on money issues that they became their friends’ wallet, while just 7% felt they needed to be “flashy” with their money.
So…most college freshmen are consciously thinking about their money decisions and trying to watch their money. That’s good news, isn’t it?