For the millions of Americans who start college every fall, college can be an exciting time. However, the reality is that college is also an expensive time. With most college grads accumulating an average of $30,000 in debt, college freshman could benefit from some helpful financial advice.
http://www.usnews.com/news/articles/2014/11/13/average-student-loan-debt-hits-30-000
1)Understand Your Financing Options
Most students today need some sort of financial aid to subsidize their education. Students considering outside help in paying for college should take their time and do the research necessary to make the best and most informed decisions possible.
In addition to grants and university-sponsored scholarships, students should research additional merit-based funding and organizational scholarships that they may qualify for. For help in researching scholarships, students may turn to their university's financial aid office. Often times, there are many
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From time immortal, people have been using budgets to keep track of expenses. Underscoring the importance of budgeting, some of man's earliest documents, that have ever been discovered, were used to keep track of financial calculations.
Students should first take stock of their incoming earnings in addition to any usable savings and available financial aid. With a clear assessment of the available funds, a student can then draft a budget. The available money may then be divided to find a total spending allowance per week or month. The idea is to get an estimate of how much can be spent within a given period.
It's okay if not every week is exactly the same. Some weeks you may spend more on food and others on entertainment. As long as a student knows their budget they may make adjustments as needed. A budget is just a guideline, and not a hard and fast rule.
3)Develop Helpful Systems To Keep Finances On