So, school is back in session, and you as a college student are struggling to find more money to pay your tuition and cover what your financial aid doesn’t. Here are some more ways that college students can find money for college that will help to cover the costs of tuition and housing.
One important thing that college students need to understand in order to find extra money for college, is how to manage their money!
Now that you are on your own as a college student, you probably feel tempted to go and spend all of your hard earned money on things that your parents wouldn’t let you have before. Bad idea. By doing this as a college student, you will find yourself facing the money problems that many young adults face after college. By learning to manage your money wisely as a college student, you can learn to save much of your hard earned money for college costs.
Here are some tips on how college students can save extra money to cover the costs, and manage their money wisely:
1. Join a credit union. Don’t just sign up for some random bank or credit card company, but sign up with a credit union as they are the best to deal with.
2. DON’T get a credit card unless you absolutely need one! Students with credit cards only see their money disappear even faster, as they are more likely to spend when they have this piece of plastic. By not getting a credit card, students will be more likely to save their money and have it left over to pay for college.
3. Save and THEN splurge: Never use a credit card to buy something unless you have the money to pay it off right away. It is best to wait until you can pay cash to buy something so you don’t end up in debt and have not enough money for college costs as a student.
4. Pay your bills on time. This way college students won’t have to worry about forgetting them, or about late fees racking up.
5. Avoid non-academic debt. Avoid using a credit card as much as possible, and focus on developing good money skills with cash as a college student.
These tips probably won’t save thousands of dollars in money for college students, but they are a good start to having a bit of extra money to pay for tuition and room and board.
Feb 17, 2009
