American College Students: Different Types of Currency
For American college students, money and time are two of the most important resources available. To properly understand how to best allocate these resources and make wise financial decisions, it is important to recognize the different types of currency available to college students. The three main types of currency that college students should be aware of are money, physical items, and “people currency.”
Money
Money, obviously, is the currency most commonly associated with college students. Students tend to manage their money very differently from other adults. For one thing, college students often don’t have a steady paycheck, as most of their money comes from financial aid or part-time jobs. Secondly, students usually have to manage their money for four or more years rather than just a few months. Lastly, college students tend not to be as disciplined about their spending and so are more likely to make impulse purchases or splurge on items they want but don’t really need. This can lead to poor financial decisions and the accumulation of debt.
Physical Items
Physical items can also serve as a type of currency for college students. These are items that students can use to trade or barter, such as books, electronics, and clothing. These items have tangible value and can be exchanged for money or other items. In recent years, there has been an increase in the popularity of “swap meets” and websites where students can come together to buy, sell, and trade items with one another. These swaps are a great way for students to get the items they need at a discounted price.
People Currency
People currency, also known as “social capital,” is one of the most important currencies for college students. In an age of online networking, having a well-connected and influential circle of friends is priceless. College students are able to use their social capital to gain access to exclusive events, get jobs, and even obtain mentors and other important contacts. The goal for many college students is to network and build relationships that will benefit them in the future.
In conclusion, the three main types of currency available to college students are money, physical items, and people currency. All three should be managed and allocated responsibly in order to make wise financial decisions. By understanding the different types of currency, college students will be able to make sound choices when it comes to managing their resources.
