Financial Podcast by Kristen

Financial Podcast by Kristen - August 2018 Scholarship Essay

As I begin my Sophomore year at Indiana University and my first year as a resident advisor, I look back on my first year at college and try to imagine what would be the perfect podcast that would have helped me the most. I believe most students struggle with finances more than any other factor in their education, especially if the student is paying for their own education.
Since my college major is (Finance and Accounting) I am in a unique position to advise my fellow college students on how to handle their finances and to plan for their continued financial success after college life. As a resident advisor, I am there to help my students in any way that I can. If that new freshman is spending their money everywhere except where it needs to be spent, they are not going to be as successful in their academics as they could be.
Realistically, most students don’t want to discuss finances and would not voluntarily tune in to a podcast that discusses finances. To be successful, the podcast would have to be presented as an adventure into their financial lives explaining how to make their money last longer. At first, this might include how to budget for attending a party, or how to plan for a spring break trip. Another way would be to convince administration that your podcast would be a valuable asset for all students to listen to; therefore, requiring all students listen to a specific number. Once a student found the value of this information, the podcast could venture into more intensive and long term financial goals.
Young adults come to college every year with little to no financial knowledge of how to make their money work for them. This podcast could help students succeed in their finances, which would free their minds to be able to focus more on their academics. Learning the subject material the student came to master is the primary reason to attend college, but learning to manage their money would be valuable to all students.