1. How to do your Taxes
Okay, so maybe we don’t all do our taxes in college. But some of us do, and all of us will have to eventually. Taxes are some of the most confusing yet unavoidable adult tasks that we have to complete. Most college students do not have to file for taxes unless their income exceeds a certain amount, but should get in the habit. The deadline to file taxes every year is April 15th.
2. What a FASFA is:
Probably one of the most important forms you can fill out as a college student is your FASFA. Without it, all government financial aid is not accessible to you. Even if you don’t qualify for grants, it allows you to take out loans at lower interest rates or without interest at all. These lower interest rates allow you to save a lot of money over time!
3. How to Register to Vote
It sounds simple, but most college students do not attend a school within their home county. This means you cannot simply just show up to vote on election day wherever you wish. There are deadlines for requesting absentee ballots, and most college students are not willing to drive home just to vote on election day. I believe if more high schools were proactive in teaching us the process of getting registered, we would have a lot better turnout for voters our age.
4. What insurance is, what is required, and how to get it.
Car insurance, health insurance, renter’s insurance… all types of insurance we will most likely have to worry about now or in the near future. Without insurance, as a broke college student, we could end up in a situation out of our control. Accidents happen, and it’s important to be prepared. Although we can usually rely on our parent’s insurance for a while after high school, eventually we have to transition to our own plans.
5. How to make and use a budget.
Everyone knows college is expensive, but what they don’t mention is how easy it is to spend all of the money you do have on things you don’t need. It’s easy to go to the grocery store and spend 75 dollars on food you might not eat, and it’s easy to go on a shopping spree after a failed test and come home with three new outfits. It’s much harder to create a working budget and stick to it. I think with a little practice in high school on budgeting, we could all end up with a little extra cha-ching in our pockets.