Manage you college spending !
10 surefire tips to keep your spending to a minimum
1. Take Charge
- Define your financial goals
- Make plans to reach those goals
- Take action! Make those goals a reality
2. Get Organized
- Make files
Bill payments
Financial aid
Taxes
Checking account
Insurance
savings and investments
Loan and credit Records
College
Receipts and Warranties
3.Find the best checking account deal
- Does it offer student discounts
- what are the penalty fees
- what is the minimum cost to ope an account
- Do not bounce checks
4. Financial aid
- Get as much help as you can
- look out for scholarship scams
- use loans as a last resort
5. Get a job
- Pay for your education
- make sure work doesn't interfere with school
- make sure you will still be eligible for financial aid if you are working
- keep it on campus
6. Meal plans
- choose the one that works for you
- avoid extra snacks
- you already payed for the food so don't buy food elsewhere
7. resist peer pressure
(separate needs from wants)
- ask yourself
do i need it or want it?
will i use it ?
will my life go on or end with out it?
- keep track of how much you spend
- student discounts
- be willing to say "NO"
8. Appartment vs. Dorm
- find a living space that will keep you from spending a lot of money
- Apt. room with others and split the cost- set ground rules concerning money
- dorm provided by the school
9. Create a budget
- Put money in the bank
- only allow yourself to spend a certain amount (don't go over)
- control your credit card
10. Save Save Save!
- invest
- take advantage of compound interest
- before spending put money away in the bank
- open a savings account