Money Saving 101

Posted on Tuesday, September 7th, 2010 under Smart Student Living.

Everyone must make important decisions during their college years. From joining a club, fraternity, or sorority to choosing which classes are desirable, decisions are a key aspect of the college experience. While some decisions will have a short-term effect, many will have a long term-effect. Financial planning is one of the many decisions that will leave a lasting imprint in your life and it is an extremely overlooked subject. The following tips should get you on the road to financial fitness.
1.    Open a savings account - Every bank or credit union offers savings accounts. Each time you get paid, put a set amount aside. You will love the long-term results!

2.    Never buy new textbooks - You can save hundreds of dollars each semester by purchasing used books or simply renting them. Check to see if your local bookstore offers semester-long rentals. If not, there are websites such as www.chegg.com that allow you to rent books.

3.    Plan a monthly budget - At the beginning of each month write out your projected income and expenses. If you’re expenses are higher than your income, think of ways to cut down on unnecessary spending.

The aforementioned three tips are just a few of the endless amount of pointers that will end up saving you money. Follow them, and you’ll be well on your way to Smart Student Living!

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