Money on My Mind Honorable Mention – Marcus VerHage


Today’s Money on My Mind installment is also our next Honorable Mention video. Marcus VerHage from the University of Wisconsin La Crosse has a couple very valuable tips for us. The first is to not carry cash. We know carrying cash is not only unsafe (because it can’t be recovered if it’s every lost or stolen), but not having cash also helps you avoid impulse purchases. Marcus’ next tip is to use some type of personal financial management tool to track your spending and all of your accounts. Higher One offers Bud-jet for this exact thing. There are other personal financial tools out there as well – which ones do you use? People who post a comment on how this relates to their life could win a $20 gift card*!

 



Over 130 video submissions were received from students across the country telling us about the #1 money management challenge they face while trying to balance school and non-academic life. More winning videos will be posted each week, giving you more chances to comment and win.The grand prize winner will be announced on December 6, so be sure to visit One For Your Money often or sign up for our RSS feed to stay in the loop!

*See official rules for details

 

Posted on November 23, 2011 at 1:56 pm 3 comments

Categories: Budgeting, Media, Money, Money on My Mind, OneAccount Premier, Spending Control, Spread the Word!

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3 comments

  1. emabrey13116 Says:
    November 23, 2011 at 8:31 pm

    I use mint.com to help me manage my money. It’s very useful. It sends an alert via email whenever I go over my budget (in a specific category). I also face the challenge of deciding to make smart purchases of things that will last. I spend most of my money on food, fees, and bills. I like that Marcus carries a small amount of money in his checking account to make sure he doesn’t overspend. I’m going to try that.

  2. SAMG Says:
    November 27, 2011 at 6:41 pm

    The first tip, “not carrying cash” is a great tip and I try to implement/impose this one in my own daily life for the same reason’s as Marcus mentioned in the video above. Not only is it unsafe to carry money around with you but also it helps you avoid those impulse purchases which we regret purchasing in the long run. Thanks for sharing the money management tips, they’re were great help.

  3. Ktpupp Says:
    November 28, 2011 at 1:35 am

    I agree with not carrying cash. Unless i am attending an event that uses cash only, I use my debit card. Much easier to track where your spend your money this way.

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