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Is Smartphone Insurance Worth It?
Buying a new phone is exciting, especially if you’re a techie like I am. I purchased a new Samsung Galaxy 3 the other day and I couldn't be happier with my purchase. My old phone was not responsive at times, and the buttons were starting to stick. The phone cost...
Student Lines of Credit
If you are set up with a bank or credit union under a student plan, then chances are you have received promotional materials for their student line of credit (SLOC). These financial tools (like most others) are useful if used properly and can really get a student...
Packing for University
Preparing for university is a task which can be extremely stressful, time consuming, and comes with many new responsibilities. As I assume many freshmen students are at this time of year, I have begun anticipating the move to my new home come fall, in an on campus...
The GPA Crush of First Year
Most people are pretty familiar with the infamous “Freshman 15”. The universal idea is that when you move away from home and/or are off of a set schedule for the first time in your life, you might make some decisions that aren’t in your best long-term interests....
Hidden Costs of Owning a Dog or Cat
It’s interesting to see how blind we often are to expenses that are tied to emotional attachments. Some people “love” their sports team and wouldn’t think twice about multi-thousand dollar season tickets. Not to do so wouldn’t even occur to them. To call financial...
Should University Students Be Responsible For Their Own Actions?
"The difference between genius and stupidity is; genius has its limits." — Albert Einstein I am working at the University of Manitoba right now and I am in an Administrative Assistant position. In this position I help the student advisors answer any of the standard...
Student Advisors – Positive or Negative Experience?
Student advisors may have a pretty bad reputation of ruining your academic career. This is often brought on by just by making a normal human mistake, or just some terrible advising. This is why the student is responsible for going over their course planning to be...
Dollar Cost Averaging Strategy
There is this cool thing that happens when you ignore all the stock picking stuff that people talk about, stop paying attention to the “experts” on TV and simply invest your money in a dispassionate and consistent manner. The aforementioned "cool thing" is that you...
3 Ways Higher Education Can Get You That Promotion
Having a decent job is great, but sometimes, everyone wants a bit more. Getting promoted to a new, better position within your current company is often more beneficial than starting an entirely different job, but it can be tricky to get ahead where there are so many...
Why Do We Assume We Are Smarter Than The Other Guy?
Humans (and probably more men than women in this case) are a very weird and irrational species at times. When I watch TV or surf the net and see the incredible amount of money that is spent trying to attract small-scale individual investors to various financial...
Gold vs McDonalds
“Gold gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” -Warren Buffet Like my boy...
Should I Work During the School Year?
When students arrive on campus for the first time with visions of red solo cups and shiny new student loan cheques dancing in their heads, few give much thought to the idea of when, where, and even if they should work as they pursue their post-secondary education. I...
New Year's Goals Revisited
1) Save 35% of my net income I will make roughly 55K in gross income this year. By the time my taxes, pension, union dues, medical, life insurance, and the 1001 other deductions are taken off, I will take home about $2,700 per month. After I take out my mortgage...
Auditing A Class
There’s a few things I would do differently if I was to redo my university experience. One of those things would be to audit a few classes. Audit is kind of a vague term, but it basically means dropping in on a class that you aren’t “taking” or getting credit for....
Leveraging Your Wealth to Prepare Your Children
There are literally thousands of articles on the internet about how to be a good parent in regards to teaching your child about money, or how to best make sure that your children understand personal finance. This is not one of those thousands. Many parents believe...
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- MyUniversityMoney staff