I need advice from grownups on my financial situation.

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1) you’re killing it 2) Debt isn’t the only way to pay for college. It is the easiest way, but not the best way or the only way for anyone. Start college at a community college and take classes you know will transfer to a 4-year institution. This will save you lots of money. Live at home for those two years. When you transfer, if you’ve worked to save for those two years, you may be able to pay cash for the rest of your undergraduate education. This could be in addition to scholarships and grants. For law school, I’m sure someone like you can find scholarships and grants from law firms, or a law firm that will pay for your education. 3) for paying for headphones. I’d save double the amount the headphones cost before I buy. This will prolong your purchase, sure, but it will set you up to start living by the rule to only spend 50% of what you earn. If you spend 50%, save 50%, you’d be set for life.


When it comes to college, apply for every single scholarship you can. Start looking them up now and see what they want from applicants. Contact the university of your choice and ask them about this. Every college has a scholarship department and believe it or not some scholarships get ZERO applicants sometimes. People assume they won’t get it so they don’t apply. Bonus of contacting them now, they can set you up with good goals and ideals to strive for and when you apply they might recognize you and give you preferential treatment.


save as much as you can. learn to budget for the things you want so you have some left over for “expenses”. they can be fake expenses to get you used to paying bills (for now). the best rule of thumb is 6 months of living expenses saved up, and start investing when you can (see if your parents can open up a 529 account to help pay for school, and you can save that way). for school, apply to every scholarship you can find. if you can get a good deal with paying for undergrad, it won’t feel as bad taking on debt for law school (going to be hard to avoid). i’m a rookie but graduated undergrad with no debt, so it’s possible.


Unless you’ve got other financial needs, you’ll be fine buying the headphones once you’ve got the money. After that, my advice is to only spend what you need to and save the rest. Where you can invest will depend on your parents. Fidelity has fee-free teen accounts, for example, but only for kids whose parents are also customers. You’ll likely be limited to options at the financial institutions your parents use. As for law school, your first and only step right now is to get into a decent school for undergrad. The primary way to do that, both in terms of admission and financial aid, is to be the smartest and hardest working student you can be. Get as close to 100 percent on every damn thing you can from now on. The better you do, the more colleges you’ll get in to and the less you’ll be asked to pay. If your parents have money, then you’ll be blocked from need-based aid and exemplary academic performance is the key to getting merit aid.


College professor here. The best way to save for college is to make straight As. If you do that, someone else pays because you will get scholarships and not have to go into debt. Also, go to community college. It is much cheaper. Focus on making the best grades possible. Seriously, just get into that habit. Tell all of your teachers that you are a straight A student and you want their help with that. Once in college it will be just be how you do things. From there, every bit of college will be debt free. Heck, you will probably even have Law School paid for.