DeBlogs > Logan Paluch
were a member of some clubs or organizations on campus, you may have had a run
into the DePaul Financial Fitness Program. The premise of this program is that
an employee of the program would visit and provide tips and guidance on
important financial undertakings like off-campus housing or financing your
I am proud
to announce that have begun a new position of on-campus employment as a Peer
Financial Advisor under the Financial Fitness Program. With the generosity of a donor, I am part
of new specialty team aimed at taking the program into new territory. The new
program hopes to expand outside class presentations and perhaps dive into
one-on-one advising sessions. After my time as a Financial Coach at the Center
for Economic Progress over the last summer, I was excited to see that kind of
program make its way into DePaul.
program is still being developed, but I am hoping that undergrads will soon be
able to seek guidance from an advisor soon. I understand that college is not
cheap, especially if you’re financing your education yourself. Things happen in
life unexpectedly, and if you’re feeling stressed or simply need advice, I hope
the new Financial Fitness Program will be a valuable resource at your disposal.
I will provide updates on details when I attain them, but for now expect help
on a topics such as credit building, student debt, loans, and applying for
If you are
a prospective student who has been admitted into DePaul University, I strongly
recommend attending the admitted student days to hear first-hand from current
students on their experiences at DePaul. Yes, you can read DeBlogs and gain a
good sense, but these events are a great opportunity to ask questions and
express any concerns you may have.
hear from a panel of students from 10:00AM to 10:30AM in the Lincoln Park
Student Center on the following dates:
Friday, February 22
Friday, March 15
Friday, April 12
I will be
speaking at the student panel on Friday, February 22. If you are thinking of
going into the Strobel Accountancy Honors Program then you were probably also
invited to attend a Strobel Honors Reception. The receptions take place from
1:30PM to 2:15PM in the Loop at the DePaul Center on the 11th floor
in the DePaul Club room on the following dates:
see me at the March 15 and April 12 receptions and I’d be happy to answer any
questions you may have before finalizing your decision on what college to
enroll in. You can register at go.depaul.edu/admittedevents.
*This article is more
directed towards juniors and seniors, but if you are under 21 then you have
something to look forward to.*
As a student of three honors
programs, I haven’t much leeway when it came to deciding my classes. Lately, each
quarter would be one class towards honors accounting, one class towards honors
finance, one class within honors requirements where I at least could decide the
topic, and then one class that usually fulfills a business core requirement.
After a fall quarter where I took two graduate-level accounting classes, an
honors finance class, and an honors senior capstone, I was burnt out. That is
why on the first day of the winter quarter I decided to swap an honors class
for something I actually wanted to take out of my own freewill. With space for
just one class in my last year of college where I could choose anything, I
decided to enroll into HSP 333: International Wine Education and Management.
Sure, a class where you taste
wines every week on Thursday may come across as wanting to receive an “Easy A,”
but this class encompasses much more. I chose the class to expand my knowledge
of wines in hopes of improving my etiquette for professional networking events
or any other formal occasion. I’ve always enjoyed wine, but could never
distinguish a good one from a bad one, nor did I know what to look for on a
bottle. Midway through the quarter I can say that there I much to learn about
wines and that the tasting component of the class is a way of learning the
different varietals there are. Perhaps I enjoy the class because it is a
different tone and pace from business courses, perhaps it is the free weekly
wine. I encourage any student to not be afraid to look for classes outside your
field or comfort zone if given the flexibility, because the last thing you want
to say after you graduate is “I should have…”
I do not believe that DePaul has a course with a name that indicates it will be Excel-based, but the closest thing to that would be FIN 202 Quantitative Reasoning. This is a two-credit class where you will spend every moment working in Excel. The course revolves around building an investment simulation for retirement from scratch. Along the way, you will acquaint yourself will vlookups, and even gain exposure to macro-functions.
Still, once your short ten weeks in FIN 202 go by it is essential to keep practicing and learning. I found time over the summer to take Excel courses for free. How? LinkedIn has a feature for premium users called LinkedIn Learning. This area has video lectures, learning modules, and certification exam prep, including Microsoft Excel. This is a valuable resource that covers broad areas of topic including communication skills, programming, accounting, finance, Excel, Word, and so on. You can access it for free through a LinkedIn account and activate the free trial for LinkedIn premium. The trial lasts 30 days and you can cancel so that you will not be charged once it expires. I forgot about this until the last day where I was about to get charged $300 had I not canceled. Take some Excel MOS Exam prep courses and you will surely surprise employers with your skills.
A night class will typically last 3 hours and 15 minutes from 5:45 to 9:00 pm in the Loop and 6:00 to 9:15 pm in Lincoln Park. You only meet once a week with Monday through Thursday being the most popular days. There are three-hour classes taught Friday and Saturday mornings - but that is a whole other topic to discuss. What I personally like about night classes is the once-a-week meetings. Think about it, you have an entire week to do homework and study rather than one and a half days for a Monday-Wednesday class. There is also the perk of commuting less to campus since you’re cutting your schedule in half.
If your class schedule is four night classes from Monday to Thursday that means you have wide-open weekdays and the weekend is still all yours. As a senior with an internship and two jobs with DePaul, I take advantage of night classes and weekend classes to work during normal business hours. You can very much work full-time if your classes permit it, but your typical hour and a half class that meets twice a week around noon will prevent you from having a stable work commitment.
When people think of investing the first thing that usually comes to mind is stock trading. Getting into stock trading can be intimidating, especially with the fees that are associated with trades. That is why Robinhood was created. With no commission fees and a $0 minimum opening balance, literally, anyone can invest spare money even if it may be only $10. Robinhood is best used for basic stock trading, although the online brokerage has been unveiling new developments like options, cryptocurrencies, and more foreign companies like Adidas were recently added. As with most brokerages, a bonus offer is available for first-time users. However, most of these “bonuses” are a few hundred dollars for investors with initial deposits ranging from $10,000 to well above that. Robinhood’s bonus is free stock in the typical method of referring a friend promo in order to attract audiences. If you use this link, you have a chance of earning free stock like Apple or JPMorgan Chase.
Speaking of JPMorgan Chase, they have been stirring up Wall Street lately. In order to compete with low commission traders like Charles Schwab and free brokerages like Robinhood, J.P. Morgan Chase released You Invest. Accessible through the Chase app, You Invest requires no minimum balance and offers commission-free stock and ETF trades for your first 100 trades. It is $2.95 per trade thereafter, which is still disruptive to other brokerages considering the average runner-up offers $4.95 per trade. Coming in 2019 You Invest members will have the option of investing in a portfolio designed and managed by experts at J.P. Morgan. Therefore, if you do not feel comfortable stock picking yourself nor have the interest in managing your portfolio, this option will cover all this.
In conclusion, these are just two low-cost brokerages a college student can utilize in the first stages of stock trading. If you are a student outside of a finance major, interested in learning more about the field, FIN 290 Finance for Non-Business Majors taught by a former professor of mine, Barbara Fuzesi, will certainly shed light on how be financially independent.
Yet, you shouldn’t read it solely because it is required, but rather for its content and relativity to your major and your forthcoming career. I recommend any student in the Driehaus College of Business to subscribe in order to familiarize themselves with the rhetoric of the business world.
I once considered subscribing to the paper version of The Wall Street Journal but was deterred because of the pricing. Now that I have to subscribe, I found that there are student discounts available. From class one up until the final exam can be as long as twelve weeks. I found a subscription for online access that costs me one dollar for fifteen weeks. Even if you prefer to read the articles as if they are in a layout of the newspaper copy, there is an option to view the print online. Other discounts I remember seeing was a combo of the print and online version for fifty dollars for the entire year.
On the other hand, choosing to attend DePaul, or stay for that matter, solely based on the premise it is located in Chicago does not by any means constitute a valid reason to study here. Truth be told, I think it is the field experience - in terms of jobs and internships - that separates DePaul from most universities. I see firsthand the dedication of studying in honors programs, declaring multiple majors, working a job as a full-time student (whether it be on or off campus) and attaining internships before graduation; all to which typical DePaul students will have the luxury of accomplishing as opposed to those of a state school. I see old high school classmates in their state universities partying and tailgating, to which I must admit seems so fun, you know that stereotypical college experience. But, it is no wonder as to why parties are the dominant theme; they don’t have some of the world’s most renowned cultural institutions, corporate employers, and recreational parks in their backyard. There is a reason why Chicago is the first destination they flock to when summer break comes around.
The first thing to know with Prime is that their deals are not always a deal. It would be wise to search other sites or stores before buying a discounted item through Amazon. However, there are some pretty good bargains from time to time. Prime was able to persuade me to buy something I did not necessarily need, such as the Versace Eros Eau De Toilette Spray that was too tempting at 65% off, or roughly a hundred dollars off from its retail value. Another purchase I made was for my new apartment room. Once again, kind of unnecessary, but I was able to snag a leather bed frame that included sideboards, headboard, footboard, and wooden slats for a hundred and forty. The next day, the price jumped to its retail value of two hundred and ten dollars. A key feature to Prime is the free two-day delivery with Prime items. I’ve had things shipped to me that took two months, so the two-day benefit becomes quite handy in situations such as when you desperately need school supplies or textbooks.
With your Prime subscription comes the feature of Prime Now , which is free two-hour delivery from local restaurants and grocery stores. I’ve used this app a few times, ordering things such as Greek yogurt, vegetables, and even TGI Fridays once. But beware; this will ultimately culminate into a more solitary lifestyle where one will never have to leave the comfort of their home again. Okay, that may have been an extreme exaggeration, but it does hold some truth in it. I mean there were times I said to myself, “why make the trek to an Aldi or Target and haul the gallon of milk or cartons of eggs when I could have it brought to my doorstep.” That is why I limit myself to only purchasing items I prefer, that I cannot find at the Aldi by me, such as a certain nonfat Greek yogurt. I hope you try the trial yourself, for Prime is a college student’s life saver .