TexasEscapes.com HOME Welcome to Texas Escapes
A magazine written by Texas
Custom Search
New   |   Texas Towns   |   Ghost Towns   |   Counties   |   Trips   |   Features   |   Columns   |   Architecture   |   Images   |   Archives   |   Site Map

Columns
History/Opinion


Columns | Go Far With Kovar

Graduate College
With Money to Spare

by Taylor Kovar
Hi Taylor - I'm starting my second year at Texas A&M and I'm trying to keep my finances under control. I work part-time and have my tuition covered, but I want to make sure I'm setting myself up well for when I graduate in a few years. Any advice? - Ana Paula

Hi Ana Paula - My main advice is to keep doing what you're doing! Sounds like you're on a great path for financial success. I do have some thoughts that could help you save more and make the most of the money you're earning now. It's so important to save when you're young, so see if you can use the following tips to help you build your wealth.

1.. Stay frugal. College is a lot of fun and presents you with a lot of different potential adventures. You should take advantage of as many opportunities as possible, but you need to stay within your budget. Don't let your peers talk you into going out every night and try not to buy too many meals as you're running between classes. Most universities have a lot of perks that can help students save money, so look into the most affordable meal plans and used books and other possible money savers. If you can cut costs in creative ways, you'll find yourself in a good spot when you leave school.

2. Start a retirement account.
It's probably pretty hard to wrap your mind around retirement when you have yet to graduate from college, but saving early in your life is the greatest gift you can give yourself. Compounded interest is an amazing thing, and if you're able to start putting away a few hundred or a thousand dollars a year before you have a full-time job, you can end up very wealthy in a few decades. If you're working now and earning money that doesn't need to be spent, stash that capital away in an IRA and let it grow. Future Ana Paula will be very grateful!

3. Keep learning about money. One of the smartest choices I ever made was to start educating myself on wealth and investing. It seems like you already have the interest, so use the resources at Texas A&M to gather information about wealth management and all the ways investors increase their earning power. If you have a few general education units that can be filled with an accounting class, hop in there and see what you can learn. If you graduate with a degree and a strong concept of how the money markets work, you'll be in really good shape.

I appreciate you reaching and I'm excited about your bright future, Ana Paula. Keep on being smart with your money and you'll achieve great things. Enjoy the coming year!


Taylor Kovar March 1, 2019
More "Go Far With Kovar"

Disclaimer: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. To submit a question to be answered in this column, please send it via email to Question@GoFarWithKovar.com, or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.

"Go Far With Kovar"

  • Should I Pay Off My Car Loan Early? 2-21-19
  • How Do I Start Investing in Stocks? 2-15-19
  • How Can I Improve My Work/Life Balance? 2-8-19
  • How to Avoid Buyer's Remorse When Purchasing a Car 1-25-19
  • What Should We do With Our Children's Old Toys? 1-11-19

    more »
  •  

     

     

     

     

     

     

     


    Texas Escapes Online Magazine »   Archive Issues » Home »
    TEXAS TOWNS & COUNTIES TEXAS LANDMARKS & IMAGES TEXAS HISTORY & CULTURE TEXAS OUTDOORS MORE
    Texas Counties
    Texas Towns A-Z
    Texas Ghost Towns

    TEXAS REGIONS:
    Central Texas North
    Central Texas South
    Texas Gulf Coast
    Texas Panhandle
    Texas Hill Country
    East Texas
    South Texas
    West Texas

    Courthouses
    Jails
    Churches
    Schoolhouses
    Bridges
    Theaters
    Depots
    Rooms with a Past
    Monuments
    Statues

    Gas Stations
    Post Offices
    Museums
    Water Towers
    Grain Elevators
    Cotton Gins
    Lodges
    Stores
    Banks

    Vintage Photos
    Historic Trees
    Cemeteries
    Old Neon
    Ghost Signs
    Signs
    Murals
    Gargoyles
    Pitted Dates
    Cornerstones
    Then & Now

    Columns: History/Opinion
    Texas History
    Small Town Sagas
    Black History
    WWII
    Texas Centennial
    Ghosts
    People
    Animals
    Food
    Music
    Art

    Books
    Cotton
    Texas Railroads

    Texas Trips
    Texas Drives
    Texas State Parks
    Texas Rivers
    Texas Lakes
    Texas Forts
    Texas Trails
    Texas Maps
    USA
    MEXICO
    HOTELS

    Site Map
    About Us
    Privacy Statement
    Disclaimer
    Contributors
    Staff
    Contact Us

     
    Website Content Copyright Texas Escapes LLC. All Rights Reserved