Abstract A student that can say that he or she will be able to manage their finances on their own, and actually manage them is very rare to come by. Having the knowledge to budget and maintain your finances, does not just happen. Teaching children how to save and invest are great starting points to start them off to a successful lifestyle. Young adults getting out of high school and starting college have to know how credit can affect them in their futures. Knowing how to start a budget and sticking to it, and excluding expenditures that are not necessary on a student’s budget can outline the difference to staying on top of your finances or being in debt.