Financial College Tips
15 Tips to know before college
#1 know the ground rules
Understand your limitations and expectations with your parent or guardian.
#2 protect your personal information
Use a paper shredder to dispose of important papers, make sure your computer has programs to protect you from spyware and viruses. Delete emails with personal information.
#3 dont bounce checks
Review your checking account statements each month, bouncing checks will hurt your credit history.
#4 watch out for scholarship scams
Legitimate scholarships do not charge fees and have application information available to anyone.
#5 use loans as a last resort
Interest rates have you paying much more than what you asked for.
#6 submit a new FAFSA each year
Apply for federal financial aid and renew your application each year.
#7 look for a job on campus
On campus jobs are often more flexible to student schedules.
#8 choose the meal plan that works for you
Start on a limited plan, if you are hungry most of your time then switch to an unlimited meal plan.
#9 save on snacks
avoid vending machines and convenience stores. Buy storable snacks in mass and keep them in your dorm or apartment.
#10 compare apartment costs to dorm room costs
Off campus may be better for you, but will have many more bills, including transportation.
#11 take advantage of student discounts
Ask about discounts far in advance to save money.
#12 take control of your credit card
Keep ONLY ONE major credit card. Know the fees you will be charged and do not just pay the minimum payments.
#13 get into the savings habit
When you save and invest, your money will work to grow for you.
#14 talk to roomates about money issues
Roommates can be a huge advantage, start a friendship and they can come in handy.
#15 Net worth is not the same as self-worth
Do not stress about money all the time, money is not everything. Enjoy your college experience.