There is no question school costs a lot of money. It’s important for all students—especially incoming freshman—to know how much money they have coming in and going out each week. But making a budget and sticking to it can be harder than it sounds. Here are some tips to help you out!
- Ask questions: Before you make a purchase don’t be afraid to ask questions. For example, your professor might allow you to use the previous year’s edition of the textbook instead of the brand new edition. Make it a habit to ask the cashier at local stores if they give a student discount. You don’t know unless you ask!
- Plan ahead: Impulse buying never helps our financial situations. Instead, plan ahead, make shopping lists, and use coupons and rewards cards. When you know you need to make a big purchase, search online for the best price before you head out to buy it.
- Budget for fun: We all want to enjoy college, but it can be expensive! Make sure you budget and plan for fun in your life—then you can enjoy it guilt free.
Those are really simple tips to help you stay in your budget while in school, but the hardest part is applying them. Don’t forget you have some help, use online banking and savings apps to help you be a good manager of your finances. For more finance tips, blogs and fun videos go to my website YoungFreeMichigan.com.