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Pay Off the Student Loan or Invest For the Future?
In personal finance circles there is an age old debate whether paying down non-consumer debt such as your mortgage is preferable to investing for your retirement. For students, the principles of this debate extend to the student debt they take away from their...
We Should Teach Personal Finance In High School
If you are a regular reader of us at My University Money you know that I teach high school. I teach a variety of humanities courses and a couple business classes. In my opinion, most of the basic curriculums out there for teaching about the world of business and basic...
Student Loans vs Debt Free – A Lifetime Comparison
For many people student loans are a fact of life. They always knew they would have to get them, and when they did it wasn’t a big deal. After graduation the loans were always there as they started their working life, so they probably never considered what the true...
Car vs Public Transportation – The Great Student Dilemma
I have to admit to not being the most frugal student during my time in school. My first year of university I decided to leave the car at home and do the public transit thing due to cost and my lack of knowledge about urban driving. I survived, but vowed to get a...
Graduate Studies: A Good Investment?
“Back to school, back to school, off to prove to dad I’m not a fool” My parents don’t much care if I get my Masters degree or not, but like the incomparable Billy Madison I am going back to school. The interesting part about the situation is that when I graduated from...
Calculating Your Net Worth
When I bought my house last year it was the first time anyone had ever asked me what my net worth was. When I didn’t have a figure ready to go I could hear the sigh at the other end of the line. Now that I know a little more about mortgages, loans and personal finance...
5 Great Reasons to Student Volunteer
“So you mean I won’t get paid? Why would I do it then?” Unfortunately this more and more appears to be one of the mottos of our generation. The idea that there should be an extrinsic benefit to everything we do, or else it’s not worth putting any effort into is a...
Why Students Should Vote
I have to admit that voting, and especially my generation’s take on the democratic process, are topics I can get fairly impassioned about. I teach grade nine Social Studies, which is when students are supposed to learn about civics and how their government functions....
Free Money: Scholarships, Bursaries, and Grants
If you went to a student rally on any campus I’ve ever been to and yelled out, “Free Money! Free Money!” You would be immediately swarmed by a throng of students and would very likely be trampled while onlookers shook their heads at the craziness of it all. Amazingly...
What Should Students Pay For a University Education?
If you ask many of the student union groups, or left-wing think tanks across the country (in fact across the Western World) they will tell you that in an ‘advanced’ country like Canada, post-secondary education should be equally available to everyone. This usually...
Living With Roommates – Part 2: Splitting The Rent
I wrote an article the other day about living with roommates, focusing on splitting the grocery bill. Today I'm going to talk about splitting the rent. If you live in residence than you don’t have to worry about collecting rent from your roommates, unless you have one...
12 Must Know Interview Tips For Graduates
Last week I posted an extensive article on tips for new graduate resumes. This week we’re going to shift gears a little as we now assume that your resume was shortlisted, you were called, and you now have to prepare for an interview. Now the real fun starts. Last...
10 Graduate Resume Tips
As a newly minted graduate last spring I was extremely nervous about getting a job and learning all the steps to the resume/interview dance. Everyone you talk to has different advice, and the truth of the matter is that luck plays a huge part in the process....
Living Frugal In An Apartment – Part 1: Electricity Bill
When you’re in school you’ll either be living in a townhouse, apartment, university residence, or living with your family nearby. After my years at school with a low bank account I learned a few tricks to live comfortably without sacrificing too much. I lived in...
RESPs – A Great Graduation Gift
As I stated in my article, “7 Reasons Why I Graduated With 2 Degrees and No Debt” I am very thankful for the fact that my parents decided to start a family RESP for myself and my brother. If it wasn’t for the money my parents earmarked for me (about $4,000) per year...
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- MyUniversityMoney staff