Being a college student means a lot of responsibilities to your finances. They think it’s cool to manage your own money, however all in all you are doing some mistakes and many organizations use this fact, as the way to steal money out of you, when you don’t even know about it. To not make this happen, you should be aware of possible “dangers” and stay away from them in case someone would want to use them.
Let’s figure out some situations, where you might be hunted:
1. Paying huge amount of money for college
When it’s time to take care of college payments, there are thousands of students, who can’t afford to pay so much. Fortunately, you are offered tons of grants and scholarships to maintain so don’t just hang around during your senior year. Ask teachers, counselors and parents about different scholarships to being offered to students. Students are usually awarded by colleges, private individuals, non-profit organizations and other institutions, that’s why applying for many of them increase up the chance of getting one of the grants. Don’t forget that you can get scholarship for the activities you did in the school, such as sports, clubs, teams as well as academic ones. Meanwhile some college students sometimes do pay less for dorms or get them for free. Consider taking an on-campus job to be able to earn cash for everyday expenses or so and only after think about taking bank loans, if it’s still necessary.
2. Using credit cards
There have been a lot of talks about usefulness of obtaining credit cards during college years. But it’s really sad to know that credit card companies are eager to earn some bucks on this fact. When you see stands with credit card signing table at your campus, it’s not worth considering it, as a free way to get a T-shirt or a cap. Meanwhile you think you’re sure there’s nothing bad of sighing up, credit card companies might not offering good deals for you and your money budget. It would be better to just make little research on plastics that would really help with your current money situations and become a profitable deal. Especially pay attention to interest rates.
3. Books for studies
It’s nonsense, but sometimes paying for books may dig out a huge hole in your wallet, because of incredible prices on them. Nobody ever wants to spend at least 100 dollars on 1 book! But what will you do, when it’s necessary for classes? Because it has become a common problem among college students, many of them try to find alternative ways to get the book cheap enough to make it affordable. One of those options are renting or buying used ones from other students, who don’t need them anymore. Ask friends and relatives, who recently graduated: maybe you will be lucky to get one for free. If not, check out Amazon or eBay.
4. Nutrition
Having busy lifestyles at college, you won’t be able to have to have strict schedule of the day and it might change time, when you’re having meals. To avoid eating at the restaurants each time you can’t go to your room is a lot of money. To avoid spending too much on food, try buying groceries yourself and eat at home.
5. Partying
It’s a part of college life to hang out and have fun, clubbing or so. You may rarely go somewhere or do it regularly, but it’s worth remembering that clubs are pretty expensive place to visit. Besides of a ticket to get inside, you are offered drinks and other things, which cost a lot. Be aware of this fact and be wise at your choices, while partying all night long.
All the advices are given to get rid of the situations, when you have nothing left of the paycheck after a week or so. Don’t be teased by someone, who wants to get as much of your money as he can.
About the Author
Alicia Sanders has been writing for 3 years. She writes for MyEssayService which provides with original paper work that you can buy online. And now Alicia would like to share with some money management ideas for students.
