Students - Take Control Of Your Finances
Monday, April 21st, 2008
Taking control of your financial situation is one of the most important learning experiences you will have in your entire college career.
A large majority of students do not fully anticipate the many extra costs of college life. Before you plan on living at college, you should sit down and list your expected daily or weekly living expenses. While at college you will most likely encounter costs you did not prepare for, so this article is meant to help you sort out some of those things you may have forgot. Identifying these costs is not your last step, but it is a great start to financial stability.
One obvious strategy is to spend less. Buying what you need, rather than indulging on impulse or emotional buying. Track your daily spending for a month, and develop a realistic budget for the semester. Try not to let friends or social situations push you into spending money on something you don’t necessarily want or need. As mentioned earlier, you will encounter costs or discover things you planned for will be more expensive than you previously thought. Described below are some of those very things. (more…)