40 Tips Poster

Danielle Ferreira

The Twelve Most Important Tips

1. Take charge of your life- and your money

-Take charge of your life and your money by analyzing your financial situation. You are most likely employed and have a set salary. Look at how much you can afford to spend a month on the things you need and make sure you are not overspending.-

2. Get Organized

-Organize your financial plans by creating a budget. A budget, and actually following it, will put you on an organized path of saving the amount of money that you want to.-

3. Protect your personal information

-Make sure that you are not giving anyone your social security number. If you have any lists with financial information on it that someone could steal, make sure you either keep it in a safe place or shred it.-

4. Understand your financial aid

-You should always know the rules and regulations of your financial aid and what you are allowed and not allowed to do. This may include having to renew the financial aid each year.-

5. Make school your first job

-Managing your time is so important while having a job and going through school at the same time. It is also very important to know that school comes first and your education will eventually get you a higher level job.-

6. Find a job on or close to your school campus

-If you are in college and you have a job, it is much easier to be close to your job instead of having to take up time traveling to and from work.-

7. Pay rent on time

-Paying your rent on time is vital in that you do not want to have to end up paying more due to late fees.-

8. Set ground rules regarding money

-Setting ground rules regarding money can help you save and not waste it. When setting rules, you will know your boundaries and know when you have spent enough over a certain time period.-

9. Separate needs from wants

-Knowing what you need and what you want can help you save a lot of money. If you stick to buying only the necessities, you will realize how much money you are saving and how easy it is to live without the extra things you may have been spending a lot of money on before.-

10. Resist peer pressure

-In order to resist peer pressure you need self control. When deciding on what to do with friends, don’t go out and spend all of your money on one activity. Instead, attend cheaper events such as a sports game or a walk in the park.-

11. Create a budget and stick to it

-Sticking to a budget may seem hard at first, but once you follow it for a certain amount of time, it will become second nature and it will be easier to manage your money.-

12. Get help if you get into debt trouble

-If you find yourself in debt trouble, talk to somebody. There are plenty of financial aid officers willing to help.-