10 Money Manage Tips
Every College Student Should Know These
Use Loans As A Last Resort
-Many students spend 10-20 years paying off college loans
-You want to graduate with as little debt possible.. Look for scholarships and grants first
Hobbies
-Being your own boss allows for flexible hours
-Put your talents to work.. Makes it more fun!
Save on Snacks
-Buy groceries at a groceries store
-Buy a small refrigerator
-Saves money and keeps you healthier!
Resist Peer Pressure
-Go with friends to free events
-Keep track of how much you are spending
-Say no to events that are too expensive
Jobs
-Limit your hours
-Before taking a job talk to your financial aid..Ask if earning additional income will affect your eligibility for financial aid
-If it will, calculate which will be more beneficial—the job or the aid
Separate Needs From Wants
-When spending your money, think about
what’s really important to you and what has lasting
value
-Considering needs and wants should help you
identify ways to save money and meet your goals.
Create A Budget
-It tells you how much money you have coming every month, where you must spend it, and where you might be able to save a few dollars
-Make several copies
Pay Yourself First
-Even $10 a pay check adds up
-Include savings as a part of your savings plan
Learn About Your Options For Saving Money
-For ex. Bonds promise to pay interest on your money until the bond matures (generally one to 30 years).
Car Payments
-colleges provide transportation
-if you have a car drive safely to prevent any extra expenses