• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Education / Luther teaches course on avoiding debt

Luther teaches course on avoiding debt

November 8, 2001 By admin

Call it “Avoiding Debt” one-oh-one. Students at Luther College in Decorah will get the chance to learn financial lessons tonight which may help them avoid bankruptcy shortly after they graduate. One survey finds most students think they’re good money managers, but actually have poor spending habits, overdue bills and substantial credit card debt.Nathan Dungan is vice president of stewardship for the Lutheran Brotherhood, a financial services organization. Dungan will be among the speakers at the “interactive” event at Luther College tonight. He says a survey finds the average college student has a credit card balance of between 16-hundred and two thousand dollars. He says that’s significant because most students don’t have an active job and end up developing bad financial habits.Dungan hopes college students will take his advice to keep track of every dime they spend for one month in a ledger — then analyze the spending. He has a few tips that may help students to learn self-discipline. Too many of them, he says, don’t think before they spend.He says put your credit cards in a plastic bag, fill it with water, seal it, then freeze it. That way, you’ll have to wait for the ice to thaw before you can spend. Dungan says young people are now the number-one age group to file bankruptcy. This year, more than 150-thousand people in the U-S under 25 will file for bankruptcy. Tonight’s 7:30 event is free at Luther College’s Center for Faith and Life.

Share this:

  • Facebook
  • Twitter

Filed Under: Education

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

Drake’s DeVries named to Naismith watch list

State wrestling opens with limited attendance

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC