10 Tips When Heading to College

What To Know Financially

College Financing

Since you will be heading to college soon, here are 10 tips to get your financial house in order, and be in control of your financial life

Tip #1 Be in charge of your money

First you must decide your goals

Next Make the plan

Take action to obtain your goal

Tip #2 Get organized

You have to be organized or bank could be a nightmare for you. Put all your information in one spot.

Tip #3 watch out for scholarship scams

To make sure this doesn't happen to you never pay a fee for scholarship money.

Don’t fall for guarantees or claims that someone has information you can’t get anywhere else. Know that legitimate scholarships never charge fees and the application information is available to everyone.

Tip #4 Use loans as last resorts

Loans will be very hard for a student to pay off, especially because of the interest.

Tip #5 Avoid credit cards

Credit card are very easy to use but are very dangerous. Paying off that debt will be hard as a student.

Tip #6 Look for a job on campus

Jobs on campus have lots of advantages, like flexible schedule and you don't have to travel as far.

Tip #7 Save on Snacks

Don't buy things from the vending machine, instead buy snacks at the grocer stores.

Tip #8 Pay the rent on time

If you rent your place, this will build you good credit.

Tip #9 Separate needs from wants

This will decrease unnecessary spendings, and save you money down the road.

Tip #10 Make a budget and stick to it

If you first make a budget, you will be more likely to stick to it.