Repaid.org Banner Ad
 

Home / Finances / PF Faves: How to Save Money as a College Student

 

Recently, the experts at Hopewell Federal Credit Union outlined several different ways that college students waste what precious money they have. Oftentimes, these are due to the immense changes in their lifestyle that they must adapt to financially. Superfluous spending, such as going out to eat often, regularly visiting the coffee shop or purchasing large quantities of alcohol, are one aspect of financial responsibility that college students need to curb. In addition, necessities such as college textbooks can quickly drain funds, but buying them used is a good practice to save money. Living expenses can be reduced by sharing space with roommates, as is often practiced. Personal finances and debts are another aspect of fiscal responsibility that students may not have much experience with before college, such as credit card debt and vehicle ownership. Note that keeping your credit card debt in check and not maintaining a monthly balance keeps you free of interest payments, and investing in public transportation or biking to class significantly cuts down on transportation costs.

Read the full article here:
http://hopewellfederal07.wordpress.com/2014/09/26/seven-ways-college-students-waste-money/

 

About the author: Taylor

 

Taylor Brown is the founder of Repaid.org. He has paid down 90% of his credit card debt through smart budgeting, frugal-living, and inspiration/support from other personal finance bloggers.

 

Recent posts in Finances

 

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge