Now that you are on your own, you need to learn the responsibilities of handling your money!
- Money management tips for college students:
- Create a budget at the beginning of each year and figure out how much money you make, how much you want to spend, and how much you want to save.
- Distinguish between your needs vs. your wants!
- Always pay on time to avoid any late fees.
- Save time by signing up to your bank’s online bill pay
- Save your money on books until you are given the syllabus for your class
- Get the right meal plan for you, don’t waste your money on food you don’t need.
- Credit Cards come in handy, but use it for important reasons. Try to avoid over extending your limit.
- Before buying something you need, check if your student discount may apply to your needs!
- Instead of driving around campus, try walking to your classes and you may even avoid the “freshman 15.”
- Sources:
- http://www.nationwide.com/newsletter-featurestory-fall11.jsp
http://money.usnews.com/money/blogs/my-money/2013/10/03/6-must-follow-money-tips-for-college-students