SlideShare a Scribd company logo
Financial Advice from Fall 2013 Personal Finance Class Students
http://rci.rutgers.edu/~boneill/


Take the initial steps to set up a retirement account NOW! Stop procrastinating and look into your
options/procedures to set up this account.



Save 10% of your gross income and invest it in an index fund.



Put $$$ in your Roth IRA.



Start investing early and always pay off loans/debts with the highest interest rate first.



Start saving now and never touch your savings account.



Get a part-time job and make as much as you can as early as possible.



Start a budget and stick to it in order to begin saving and investing early.



Start early with investing to accumulate as much compound interest as possible.



Save early in life.



Save now, spend later. Set a goal and work towards that goal.



Pay yourself first; work a few hours every week for yourself.

Advice From Previous Personal Finance Class Students: http://rci.rutgers.edu/~boneill/advice.html

More Related Content

Similar to Financial Advice From Fall 2013 Personal Finance Class

Top 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementTop 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementKeenanScott
 
Top 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementTop 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementKeenanScott
 
3 Retirement Savings Tips for Newlyweds
3 Retirement Savings Tips for Newlyweds3 Retirement Savings Tips for Newlyweds
3 Retirement Savings Tips for NewlywedsPOP Creative
 
Retirement Planning 101 | Advisor World
Retirement Planning 101 | Advisor WorldRetirement Planning 101 | Advisor World
Retirement Planning 101 | Advisor WorldAdvisor World
 
Financial freedom-ebook
Financial freedom-ebookFinancial freedom-ebook
Financial freedom-ebooksunnytrencio
 
Importance of Saving
Importance of SavingImportance of Saving
Importance of Savingraghavmunshi
 
Top Tips To Plan A Smarter Retirement
Top Tips To Plan A Smarter RetirementTop Tips To Plan A Smarter Retirement
Top Tips To Plan A Smarter RetirementPravesh Vasudeva
 
Money Skills for Newlywed Couples
Money Skills for Newlywed CouplesMoney Skills for Newlywed Couples
Money Skills for Newlywed CouplesINInvestWatch
 
Personal and Financial Opportunity Costs.pptx
Personal and Financial Opportunity Costs.pptxPersonal and Financial Opportunity Costs.pptx
Personal and Financial Opportunity Costs.pptxThaslimpattan1
 
5 Tips to Help with Financial Planning.
5 Tips to Help with Financial Planning.5 Tips to Help with Financial Planning.
5 Tips to Help with Financial Planning.Veronica karas
 
7 Big Mistakes eGuide
7 Big Mistakes eGuide7 Big Mistakes eGuide
7 Big Mistakes eGuideRyan Isaac
 
Build your nest early
Build your nest earlyBuild your nest early
Build your nest earlyJoha Rahman
 
Personal Finance Final.pptx
Personal Finance Final.pptxPersonal Finance Final.pptx
Personal Finance Final.pptxMridulaTripathi4
 

Similar to Financial Advice From Fall 2013 Personal Finance Class (20)

Top 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementTop 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For Retirement
 
Top 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For RetirementTop 10 Ways To Prepare For Retirement
Top 10 Ways To Prepare For Retirement
 
3 Retirement Savings Tips for Newlyweds
3 Retirement Savings Tips for Newlyweds3 Retirement Savings Tips for Newlyweds
3 Retirement Savings Tips for Newlyweds
 
Retirement prep
Retirement prepRetirement prep
Retirement prep
 
Retirement Planning 101 | Advisor World
Retirement Planning 101 | Advisor WorldRetirement Planning 101 | Advisor World
Retirement Planning 101 | Advisor World
 
Featured
FeaturedFeatured
Featured
 
Personal Finance Management.pdf
Personal Finance Management.pdfPersonal Finance Management.pdf
Personal Finance Management.pdf
 
Financial freedom-ebook
Financial freedom-ebookFinancial freedom-ebook
Financial freedom-ebook
 
Credit card UAE
Credit card UAECredit card UAE
Credit card UAE
 
Importance of Saving
Importance of SavingImportance of Saving
Importance of Saving
 
Top Tips To Plan A Smarter Retirement
Top Tips To Plan A Smarter RetirementTop Tips To Plan A Smarter Retirement
Top Tips To Plan A Smarter Retirement
 
Money Management
Money ManagementMoney Management
Money Management
 
Money Skills for Newlywed Couples
Money Skills for Newlywed CouplesMoney Skills for Newlywed Couples
Money Skills for Newlywed Couples
 
Personal and Financial Opportunity Costs.pptx
Personal and Financial Opportunity Costs.pptxPersonal and Financial Opportunity Costs.pptx
Personal and Financial Opportunity Costs.pptx
 
5 Tips to Help with Financial Planning.
5 Tips to Help with Financial Planning.5 Tips to Help with Financial Planning.
5 Tips to Help with Financial Planning.
 
Financial literacyarticle 1302084
Financial literacyarticle 1302084Financial literacyarticle 1302084
Financial literacyarticle 1302084
 
7 Big Mistakes eGuide
7 Big Mistakes eGuide7 Big Mistakes eGuide
7 Big Mistakes eGuide
 
Build your nest early
Build your nest earlyBuild your nest early
Build your nest early
 
Personal Finance Final.pptx
Personal Finance Final.pptxPersonal Finance Final.pptx
Personal Finance Final.pptx
 
Diy financial review
Diy financial reviewDiy financial review
Diy financial review
 

More from Barbara O'Neill

Final Rutgers Syllabus-Fall 2019
Final Rutgers Syllabus-Fall 2019Final Rutgers Syllabus-Fall 2019
Final Rutgers Syllabus-Fall 2019Barbara O'Neill
 
Inflation Causes, Impacts, Mitigation Strategies, and Benefits
 Inflation Causes, Impacts, Mitigation Strategies, and Benefits Inflation Causes, Impacts, Mitigation Strategies, and Benefits
Inflation Causes, Impacts, Mitigation Strategies, and BenefitsBarbara O'Neill
 
Income Tax Issues for Older Adults-02-23-UPDATED.pptx
Income Tax Issues for Older Adults-02-23-UPDATED.pptxIncome Tax Issues for Older Adults-02-23-UPDATED.pptx
Income Tax Issues for Older Adults-02-23-UPDATED.pptxBarbara O'Neill
 
Dr. Barbara O'Neill-Short CV
Dr. Barbara O'Neill-Short CVDr. Barbara O'Neill-Short CV
Dr. Barbara O'Neill-Short CVBarbara O'Neill
 
Inflation Fighting Strategies Class-01-23.pdf
Inflation Fighting Strategies Class-01-23.pdfInflation Fighting Strategies Class-01-23.pdf
Inflation Fighting Strategies Class-01-23.pdfBarbara O'Neill
 
Can Farmers Ever Afford to Retire-01-23.pdf
Can Farmers Ever Afford to Retire-01-23.pdfCan Farmers Ever Afford to Retire-01-23.pdf
Can Farmers Ever Afford to Retire-01-23.pdfBarbara O'Neill
 
Carney Clan Cookie Contest Entries
Carney Clan Cookie Contest Entries Carney Clan Cookie Contest Entries
Carney Clan Cookie Contest Entries Barbara O'Neill
 
RMD Planning Worksheet-12-22.pdf
RMD Planning Worksheet-12-22.pdfRMD Planning Worksheet-12-22.pdf
RMD Planning Worksheet-12-22.pdfBarbara O'Neill
 
2022 Personal Finance Trends-References
2022 Personal Finance Trends-References2022 Personal Finance Trends-References
2022 Personal Finance Trends-ReferencesBarbara O'Neill
 
Income Tax Issues for Older Adults-MTP-02-22.pdf
Income Tax Issues for Older Adults-MTP-02-22.pdfIncome Tax Issues for Older Adults-MTP-02-22.pdf
Income Tax Issues for Older Adults-MTP-02-22.pdfBarbara O'Neill
 
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdf
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdfBeyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdf
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdfBarbara O'Neill
 
Give Yourself a Financial Check-Up-Older Adult Version
Give Yourself a Financial Check-Up-Older Adult VersionGive Yourself a Financial Check-Up-Older Adult Version
Give Yourself a Financial Check-Up-Older Adult VersionBarbara O'Neill
 
Five Tips to Flip Your Retirement Switch-06-22.pdf
Five Tips to Flip Your Retirement Switch-06-22.pdfFive Tips to Flip Your Retirement Switch-06-22.pdf
Five Tips to Flip Your Retirement Switch-06-22.pdfBarbara O'Neill
 
Leveraging LinkedIn Presentation
Leveraging LinkedIn PresentationLeveraging LinkedIn Presentation
Leveraging LinkedIn PresentationBarbara O'Neill
 
AAFCS 2022 Presentation on Opiods
AAFCS 2022 Presentation on OpiodsAAFCS 2022 Presentation on Opiods
AAFCS 2022 Presentation on OpiodsBarbara O'Neill
 
Digital Assets Inventory Presentation-BMO-04-22.pdf
Digital Assets Inventory Presentation-BMO-04-22.pdfDigital Assets Inventory Presentation-BMO-04-22.pdf
Digital Assets Inventory Presentation-BMO-04-22.pdfBarbara O'Neill
 
Creating Attractive Graphics Presentation-MTP-03-22.pdf
Creating Attractive Graphics Presentation-MTP-03-22.pdfCreating Attractive Graphics Presentation-MTP-03-22.pdf
Creating Attractive Graphics Presentation-MTP-03-22.pdfBarbara O'Neill
 
35 Useful Personal Finance Web Sites
35 Useful Personal Finance Web Sites35 Useful Personal Finance Web Sites
35 Useful Personal Finance Web SitesBarbara O'Neill
 
Social Media 101 Handouts
Social Media 101 HandoutsSocial Media 101 Handouts
Social Media 101 HandoutsBarbara O'Neill
 

More from Barbara O'Neill (20)

Final Rutgers Syllabus-Fall 2019
Final Rutgers Syllabus-Fall 2019Final Rutgers Syllabus-Fall 2019
Final Rutgers Syllabus-Fall 2019
 
Inflation Causes, Impacts, Mitigation Strategies, and Benefits
 Inflation Causes, Impacts, Mitigation Strategies, and Benefits Inflation Causes, Impacts, Mitigation Strategies, and Benefits
Inflation Causes, Impacts, Mitigation Strategies, and Benefits
 
Income Tax Issues for Older Adults-02-23-UPDATED.pptx
Income Tax Issues for Older Adults-02-23-UPDATED.pptxIncome Tax Issues for Older Adults-02-23-UPDATED.pptx
Income Tax Issues for Older Adults-02-23-UPDATED.pptx
 
Dr. Barbara O'Neill-Short CV
Dr. Barbara O'Neill-Short CVDr. Barbara O'Neill-Short CV
Dr. Barbara O'Neill-Short CV
 
Inflation Fighting Strategies Class-01-23.pdf
Inflation Fighting Strategies Class-01-23.pdfInflation Fighting Strategies Class-01-23.pdf
Inflation Fighting Strategies Class-01-23.pdf
 
Can Farmers Ever Afford to Retire-01-23.pdf
Can Farmers Ever Afford to Retire-01-23.pdfCan Farmers Ever Afford to Retire-01-23.pdf
Can Farmers Ever Afford to Retire-01-23.pdf
 
Carney Clan Cookie Contest Entries
Carney Clan Cookie Contest Entries Carney Clan Cookie Contest Entries
Carney Clan Cookie Contest Entries
 
RMD Planning Worksheet-12-22.pdf
RMD Planning Worksheet-12-22.pdfRMD Planning Worksheet-12-22.pdf
RMD Planning Worksheet-12-22.pdf
 
2022 Reference List
2022 Reference List2022 Reference List
2022 Reference List
 
2022 Personal Finance Trends-References
2022 Personal Finance Trends-References2022 Personal Finance Trends-References
2022 Personal Finance Trends-References
 
Income Tax Issues for Older Adults-MTP-02-22.pdf
Income Tax Issues for Older Adults-MTP-02-22.pdfIncome Tax Issues for Older Adults-MTP-02-22.pdf
Income Tax Issues for Older Adults-MTP-02-22.pdf
 
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdf
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdfBeyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdf
Beyond Legal Documents-12 Planning Strategies-Good Ending-08-22.pdf
 
Give Yourself a Financial Check-Up-Older Adult Version
Give Yourself a Financial Check-Up-Older Adult VersionGive Yourself a Financial Check-Up-Older Adult Version
Give Yourself a Financial Check-Up-Older Adult Version
 
Five Tips to Flip Your Retirement Switch-06-22.pdf
Five Tips to Flip Your Retirement Switch-06-22.pdfFive Tips to Flip Your Retirement Switch-06-22.pdf
Five Tips to Flip Your Retirement Switch-06-22.pdf
 
Leveraging LinkedIn Presentation
Leveraging LinkedIn PresentationLeveraging LinkedIn Presentation
Leveraging LinkedIn Presentation
 
AAFCS 2022 Presentation on Opiods
AAFCS 2022 Presentation on OpiodsAAFCS 2022 Presentation on Opiods
AAFCS 2022 Presentation on Opiods
 
Digital Assets Inventory Presentation-BMO-04-22.pdf
Digital Assets Inventory Presentation-BMO-04-22.pdfDigital Assets Inventory Presentation-BMO-04-22.pdf
Digital Assets Inventory Presentation-BMO-04-22.pdf
 
Creating Attractive Graphics Presentation-MTP-03-22.pdf
Creating Attractive Graphics Presentation-MTP-03-22.pdfCreating Attractive Graphics Presentation-MTP-03-22.pdf
Creating Attractive Graphics Presentation-MTP-03-22.pdf
 
35 Useful Personal Finance Web Sites
35 Useful Personal Finance Web Sites35 Useful Personal Finance Web Sites
35 Useful Personal Finance Web Sites
 
Social Media 101 Handouts
Social Media 101 HandoutsSocial Media 101 Handouts
Social Media 101 Handouts
 

Recently uploaded

how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.DOT TECH
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Avanish Goel
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...Antonis Zairis
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.DOT TECH
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangeDOT TECH
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
 
Introduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfIntroduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfSafa444074
 
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理一比一原版UO毕业证渥太华大学毕业证成绩单如何办理
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理yonemuk
 
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理betoozp
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfSudarshan Dakuru
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
 
PD ARRAY THEORY FOR INTERMEDIATE (1).pdf
PD ARRAY THEORY FOR INTERMEDIATE (1).pdfPD ARRAY THEORY FOR INTERMEDIATE (1).pdf
PD ARRAY THEORY FOR INTERMEDIATE (1).pdfJerrySMaliki
 
how to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australiahow to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and AustraliaDOT TECH
 
how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.DOT TECH
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewAntonis Zairis
 
when officially can i withdraw my pi Network coins.
when officially can i withdraw my pi Network coins.when officially can i withdraw my pi Network coins.
when officially can i withdraw my pi Network coins.DOT TECH
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.DOT TECH
 

Recently uploaded (20)

how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
Introduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdfIntroduction to Economics II Chapter 28 Unemployment (1).pdf
Introduction to Economics II Chapter 28 Unemployment (1).pdf
 
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理一比一原版UO毕业证渥太华大学毕业证成绩单如何办理
一比一原版UO毕业证渥太华大学毕业证成绩单如何办理
 
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
一比一原版Birmingham毕业证伯明翰大学|学院毕业证成绩单如何办理
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
 
PD ARRAY THEORY FOR INTERMEDIATE (1).pdf
PD ARRAY THEORY FOR INTERMEDIATE (1).pdfPD ARRAY THEORY FOR INTERMEDIATE (1).pdf
PD ARRAY THEORY FOR INTERMEDIATE (1).pdf
 
how to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australiahow to sell pi coins in Canada, Uk and Australia
how to sell pi coins in Canada, Uk and Australia
 
how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business Review
 
when officially can i withdraw my pi Network coins.
when officially can i withdraw my pi Network coins.when officially can i withdraw my pi Network coins.
when officially can i withdraw my pi Network coins.
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 

Financial Advice From Fall 2013 Personal Finance Class

  • 1. Financial Advice from Fall 2013 Personal Finance Class Students http://rci.rutgers.edu/~boneill/  Take the initial steps to set up a retirement account NOW! Stop procrastinating and look into your options/procedures to set up this account.  Save 10% of your gross income and invest it in an index fund.  Put $$$ in your Roth IRA.  Start investing early and always pay off loans/debts with the highest interest rate first.  Start saving now and never touch your savings account.  Get a part-time job and make as much as you can as early as possible.  Start a budget and stick to it in order to begin saving and investing early.  Start early with investing to accumulate as much compound interest as possible.  Save early in life.  Save now, spend later. Set a goal and work towards that goal.  Pay yourself first; work a few hours every week for yourself. Advice From Previous Personal Finance Class Students: http://rci.rutgers.edu/~boneill/advice.html