Thursday, March 25, 2010

Learn to Save

Although this blog is intended to help you with your scholarship search, it is important to remember that saving money is critical to having the funds to attend college.

Try to get in the habit of paying yourself first when you are writing your monthly checks. Of course, you should open a savings account first at your local bank (check out the rates at several banks first) and designate it as a Scholarship Fund.

If $5.00 is all you can start with, start disciplining yourself to save. As soon as you can, increase that amount to $10.00 or $15.00 a month. The important thing is not to touch that money until after you transfer to a four-year college. Resist the temptation until it is an absolute college need.

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