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More Students Investing In Crypto To Help Them Financially

Students are now turning to crypto to plug the financial gap that comes with schooling. It is no surprise that the cost of schooling has gone up tremendously over the years. Now more than ever, students are graduating with tens of thousands of dollars in student debt. But even the massive loans students have to take out to pay for schooling do not cover everything.

Things like food, rent, and commute are big issues for students. And by the time their student loans come in, there are sometimes gaps left to be filled by funds from other sources. It has been historically the case for students to take part-time jobs to fill these gaps. But with the pandemic, the part-time job market has been unstable, to say the least. Students are also usually left to rely on parents to plug this gap. But parents’ incomes being affected by the pandemic have driven students to find another way of filling this gap. This is where crypto enters the picture.

Using Crypto To Plug The Gap

The pandemic and school closures left a lot of students with time on their hands as countries went into lockdown. Unable to work and with dwindling savings, a lot of students have had to look towards other means of income to supplement their loans. Loans usually cover about 58% of student expenses, according to this report.

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Featured image from Trality, chart from

Concerns have been raised about students investing due to the hype, “without a full understanding the risks and effective strategies involved in these trades.” This has raised the need for proper financial education and information regarding these trades. In order to make sure that these students are making the best decisions when it comes to investing in crypto.

Article By Best Owie –

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Why You Should Start A Crypto College Fund For Your Kids

How much you will spend each year on raising a child goes up almost every time parents check. Consequently, how much you think you should save may not necessarily be enough. For parents who plan to have children at a certain time in their lives, they tend to be more proactive in building a fund to support that child before and after he or she is born. These types of individuals also statistically are ones to start saving for college at birth.

For those who may not have designed their lives to have children by a specific date but did, its not too late to start a college fund for them. Now, when the term “college fund” is used that doesn’t mean that the money saved must be for that particular form of higher education. It can go towards enrollment in a trade school, moving abroad or purchasing home once that child becomes an adult.

Cryptocurrency is not intended for minor use, but it should still be taught to them what it is as the physical currency they are currently familiar with may be phased out in the next 10 – 18 years. Teaching them about crypto now is a perfect time to start a crypto fund for them.

Invest In Stablecoins For Your Kids

A stablecoin is just as it sounds, it is a digital currency that is set to a more steady (less volatile) reserve asset like gold or the U.S. dollar. Stablecoins are constructed to lessen volatility comparative to untied cryptocurrencies like Bitcoin. The key feature of a stablecoin is that its worth will stay stable even after five or more years, thus easing losses with a considerable fall in the crypto market.

To earn interest on stablecoin deposits you would open an account with a crypto loan platform that can offer anywhere around 10% interest on your deposits.

Top Stablecoins By Market Capitalization

Here are the 10 largest trading stablecoins by market capitalization as tracked by cryptocurrency data and analytics provider CoinMarketCap.

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When working in banking it was personally observed how individuals handled money as an adult based on what they were taught about it and provided as a child. For young adults who would get a $300 credit card and max it out before the first statement, it was clear they did not have money teachings growing up. Typically, for those who were given a large inheritance or even savings as low as a couple thousand, they managed money and credit much better.

It’s a good idea to teach your child the basics of crypto, letting them know the benefits of allowing their youth crypto college fund, or crypto savings account, to grow so that they can start to live a comfortable life financially when they do turn 18.

Article By K. Crystal Carter

K. Crystal Carter is originally from Oakland, California where she was employed in banking for 7.5 years and a cannabis grow director and cannabis advocate at local City Hall meetings for 6 years. She currently resides in Las Vegas as one of the Earthy Realist team members.

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