40 Tips Poster
Make sure you plan out how you're going to use your money! Financial planning is key to economic success. This planning can be done in three easy steps 1) Define what you're goals are 2) Create a plan to reach these goals and 3) Make these goals a reality!
#3 GET ORGANIZED
Organized all your financial activity. By having your financial papers and other important documents organized, it will be easier to meet deadlines and pay bills. You can also track you're financial activities easier this way and have a better way to catch any financial mistakes that may come up. You're financial files could be organized in folders labeled Taxes, Insurance, Loans, Financial Aid and any other things that effect your financial life.
#7 UNDERSTAND YOUR FINANCIAL AID
Understand what you have to do too keep your financial aid money coming. There's a lot of information that comes with a financial aid package. Your financial aid could be a loan, a job, a scholarship or a grant. Each of these financial aid packages have different requirements. It's very important to understand the different requirements of the one you have because, for example some need to be renewed each year or some require a certain grade point average and no matter what the requirement may be, you need to know how to keep the money coming!
#9 WATCH OUT FOR SCHOLARSHIP SCAMS
Its simple to avoid scholarship scams. There are three things to know: never pay a fee for scholarship money, don't fall for guarantees or claims, know that real scholarships never charge fees. Falling for a scam is the worst thing you could do.
#14 MAKE SCHOOL YOUR FIRST JOB
Managing your time is extremely important.Of course having a job can be very rewarding but having a completed college education is going to be much more rewarding in the long run. College is extremely demanding and you should treat it like a job. Schedule your study time as if it were a job. Make sure you can get all you can out of all your classes.
#16 TURN A HOBBY OR SKILL INTO A MONEY-MAKING ENDEAVOR
By being your own boss you are giving your self much more flexibility. This way you can have the benefits of a job and still be able to manage your college education. You could offer services such as baby sitting or giving specific lessons. You could even sell handmade goods and crafts.
#19 SAVE ON SNACKS
Everybody loves snacks, but they can become costly over time. Try to avoid the vending machines and head for the grocery store. By going to the grocery store you can buy snacks in large quantities and split costs with your roommates. By packing yourself snacks you are saving money and eating healthy!
#22 COMPARE THE COST OF AN APARTMENT WITH THE COST OF A DORM ROOM.
Living off campus may seem like a good idea, but there are a lot of expenses that come with an apartment. Its important to compare the two too see which is least expensive. You can see which on is more costly by comparing the costs of things such as rent, utilities,food, and transport too your current dorm expenses.
#23 PAY THE RENT ON TIME
Make sure you pay your rent. Paying your rent late can be extremely damaging to your credit score and that can create many other problems. If any problems do come up, and you are unable to pay your rent, make sure you inform your landlord immediately. Just tell your landlord your honest situation and you may be able to pay rent late or you could do chores such as yard work in return.
#31 CREATE A BUDGET AND STICK TO IT
The best way to have control over you money is to stick to a budget. Your budget can tell you how much money you have available each month and where this money must be spent. By doing this you can see where you can save a few dollars along the way. Your budget can lead you too many financial successes.