How financially literate should 18 year olds be?

<p>I think you should figure out your financial aid package and how loans and everything will factor in to how much you’ll have to work to pay for everything (the remaining costs and preparing to pay off the loans).</p>

<p>I’ve had to work with the financial aid department extensively, with my package being reworked at least 8 times (often seemingly without reason).</p>

<p>I would say as long as you’re comfortable with knowing how your financial aid will cover you, what you have to do to make sure it goes through properly, as well as managing how much money you have in all of or your different bank accounts, how much you have available in checking, and watch how much you’re spending you should be fine.</p>

<p>I wouldn’t also hurt to start investing money (although it isn’t always easy to invest well, while you’re really busy), as that can help you make money (I probably wouldn’t do this unless you could learn from people who know what they’re doing).</p>