Sunday, November 23, 2014

Money Management Tips

Scholarships and Paying Internships are the way to graduate debt free, BUT you need to learn how to save what you have.  Here are just a few things to think about:

  1. Pay yourself first -- Open a savings account and get in the habit of paying yourself before you pay anyone else.  It can be small -- a few dollars.  Whenever you get a birthday or holiday gift, add it to your account.
  2. Shop with a budget and a list --Shopping on a whim spells disaster.  Make a list and stick to it.  Ask yourself if it is a need or a want.
  3. Pack a lunch --  It will be healthier and you will save money.
  4. Eat before you go grocery shopping  -- There are too many temptations when you are hungry
  5. Take public transportation --  Is this an option when traveling back and forth to college?
  6. Books, videos, magazines -- These are all available at a library FREE. 

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