10 Financial Tips
by Andrew Carter
Tip 3: Get Organized
Getting organized will help you meet deadlines and save money. Keep a checkbook or money log to track your expenses.
Tip 8: Keep Looking for Financial Aid
You can get financial aid at almost any point in your college career. Scholarship money is essentially free and will help to lower the cost of college. Any amount of financial aid will help, from getting a textbook for free to help paying for classes.
Tip 9: Don't Fall for Scholarship Scams
In your hunt for more financial aid, you are bound to run into fraudulent scholarship promotions. These will often ask you for money or claim that they have money nobody else has.
Tip 10: Use Loans as a Last Resort
Loans are costly and time consuming. They are also expensive. Try to get as much financial aid as you possibly can before applying for loans.
Tip 19: Save Money on Snacks
If you get a good meal plan, there is little need for snacks and other small expenses. If you do want snacks, buy in large quantities and avoid buying out of expensive vending machines.
Tip 22: Compare Living On-Campus with Off-Campus
Living off campus may seem less expensive, however costs add up quickly. rent, utilities and transportation are just a few of the extra costs you'll have to account for when living off campus.
Tip 27: Take Advantage of Student Discounts
Often, many attractions in the area around campus will offer discounts for students. Also, some banks will offer discounts and better interest rates on savings accounts for students. Whenever you make a large purchase, like plane tickets, ask if there is a student discount.
Tip 32: Build Good Credit
Credit Cards may sometimes seem like big corporations out to steal your money, and while they might be, you can make good credit work in your favor. Good credit can help you get better premiums on insurance or take out loans in general. Be sure to make payments on time, and don't spend more than you can afford.
Tip 34: Take Control of your Credit Card
One way to make credit cards less complicated is to be knowledgeable about your credit card information. Look around for cards with low or no annual fees, low interest rates, and longer grace periods. Use your credit card sparingly. Do not use credit cards at an ATM or similar machine.
Tip 38: Pay Yourself First
Saving money will help you if you ever get into an emergency. Before you put all the money from your latest pay check into your pocket, put a certain amount into a savings account. This way, if you ever get into a tight spot, your back isn't against the wall right away.