Discussion on Managing Income Risk and Impacts of Past Choices and Decisions
The topic of managing income risk, from the perspective of a college student, is interesting because students come from a variety of financial backgrounds and face potentially very different situations when it comes to their financial futures. Some students come to college fully funded by their parents, while other incur a tremendous amount of debt via student loans. Others, and I believe this is where the majority of students fall, are somewhere in between. I think it is important to consider which category (or in between categories) a student falls because it may have affected their choices and management of future uncertainty while in college. Students who have loan debt may have been trying to work as much as possible during school to start saving or even start paying off their student loans, while others may or may not have had a similar decision making process. Without getting too personal, I am one of the people who falls somewhere in the middle of the categories I previously ...