Asking College Students How Much Money They Have | Summary and Q&A

28.2K views
June 29, 2022
by
Colby Martel
YouTube video player
Asking College Students How Much Money They Have

TL;DR

Broke college students share their financial struggles, spending habits, and advice for managing money in this insightful video.

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Key Insights

  • 😀 Broke college students often struggle with limited funds and face difficulties managing their finances.
  • 😋 Rent, food, and transportation are the largest expenses for these students.
  • 🥺 Impulse buying and regrettable purchases can lead to financial troubles.
  • 😀 College students can benefit from money management apps like Clio to keep track of their spending and develop effective budgets.
  • 🤑 Prioritizing bills and saving money can alleviate financial stress.
  • 😋 Taking advantage of free food options on campus can help reduce expenses.
  • 🔬 Investing in experiences rather than material possessions can bring more fulfillment and avoid regret.

Transcript

i am a broke college student i woke up this morning to about 200 in my checking account and realized i needed change like a lot of it but first i needed answers so i bought two bus tickets to new york city for me and my friend kevin to ask other broke college students why they're broke and how we can fix that hi my name is justin and i go to babson... Read More

Questions & Answers

Q: How much money do the broke college students have in their bank accounts?

Most of the students have very little money in their bank accounts, ranging from a couple of thousand dollars to negatives or as much as rent for the next three months.

Q: What are their biggest expenses and impulse purchases?

The students reveal that rent, food, clothes, and recreational activities like traveling and coffee are their biggest expenses. They also admit to making impulse purchases on items like supreme clothing, protein pudding, and video games.

Q: Do college students have concerns about managing their finances?

Yes, the students express concerns about unexpected expenses popping up all the time, making it challenging for them to manage their money effectively.

Q: What advice do the students have for managing money in college?

The students suggest paying bills on time, avoiding impulsive spending, utilizing free food options on campus, focusing on studies, investing in experiences rather than expensive trends, and using money management apps like Clio.

Summary & Key Takeaways

  • A group of broke college students from different universities discuss their current financial situations, revealing that most of them have very little money in their bank accounts.

  • They share their favorite and regrettable purchases, highlighting the importance of making wise spending choices.

  • The students discuss their monthly expenses and reveal that rent, food, and transportation are the biggest money-draining categories for them.

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