Thursday, 19 May 2016

SMART FINANCIAL MANAGEMENT TIPS FOR COLLEGE STUDENTS.

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In this my new entries, I want to share about smart financial management tips for University students.


1) Do the math.

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Use your money for rent, bills and groceries first. Then look ahead to upcoming expenses to see what you need to save for. This will give you a reality check on how much you have for new clothes and going out.

2) Check your balance.

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Keep up with your spending by checking your account balance on your computer or mobile device regularly (if have online banking) or keep receipt after check at ATM machine. Look at the available balance and subtract any checks you recently wrote to figure out how much money you have.

3) Wait to buy your textbooks.

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You may not need every book for the semester. Hold off until you have a syllabus in hand before spending any money or you can borrow first from any library. Some students use slide that are provided from their lecturer and there is enough for their studied. 

4) Get the right meal plan.

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Buying the biggest meal plan may sound like a good idea, but you may not use it as much as you think. Start with a smaller plan to figure out how many meals you really eat at the commons.

5) Participate

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University offer regular social events and entertainment, which often come with free food. Take them up on their hospitality.

 

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