Developing good money management skills while you are in school is one of the most important things you can do to prepare yourself for life after college. You may think that once you’re making a salary, budgeting and the rest will come easily. But it’s this kind of attitude that contributes to the amount of debt recent graduates find themselves in. Figure out how to manage your money – or lack thereof – and you’ll be in much better shape to navigate your financial life not only post-college, but while you’re still on campus, as well. You don’t want to find yourself asking for a bump in your student loans every month you overspend or blow that budget.
Once you realize exactly how much you’re spending on frivolous purchases (or late night pizza runs), it’ll be that much more difficult for you to put down that debit, or worse yet, credit card, to pay for those things. (Don’t cut all the fun out in your budget though. Leave a little room for “play money” when you’re able, or you’ll burn out without any diversions.)
We’ve come up with a list of college money management tips below that could keep you from overspending and better prepare you for budgeting after graduation. Who knows? You may get so good at money management that you’ll be giving tips to those of your peers who may not be as budget savvy as you’ve become.
Latest College & Financial Aid News
August 31, 2021
A study abroad program can be the beginning of the most exciting chapter of your college experience. Often, the travel, housing, credits and even food are included in the price of the program you choose. However, this is no reason not to look for more financial opportunities! [...]
August 19, 2021
As you get ready for this next big step in your life, this last year at home can feel like the longest and the shortest you ever had! While you prepare to select a college and research scholarships and financial aid, don’t forget to spend some quality time with your friends and family. While movies, even when based on a true story, are always a little bit fantastic, they are also works of art that share experiences among their viewers. [...]
August 11, 2021
While the notion of men and women having naturally different aptitudes and interests is slowly becoming a thing of the past, there remain differences in professional compensation between the sexes. Recent studies are still exploring the way women with the same education and occupation as their male counterparts earn less money. There also remains a tendency for jobs dominated by female workers to pay much lower, in general, than those with a larger male employee base. [...]