Each semester you need to determine your budget to pay for direct (tuition, fees, housing, meals) and indirect costs (insurance, off-campus housing, transportation, personal expenses).
TIP: Calculate how much money you spend on food each month. Students who learned budgeting from one of our coaches found they were spending on average $300 - $400 a month on food - even with they had an on-campus meal plan!
Student loans and credit cards are typical forms of debt for college students. But there are other types of bills you may be responsible for paying - such as a car loan, health or car insurance, rent, cable, telephone, etc.
There are many free resources available to you to help you manage your credit. Consider using one of the following:
Many students think it's impossible to save money while in school. But there are three possible sources of income you can use to save money:
Financial aid rebate
Money you earn
Take what you need each semester to pay for out-of-pocket expenses - and put the rest in a savings account!
One fact students overlook is that you have time on your side. You have time to let your money grow, even if you start saving with very little money. This is because over time, interest rates allow your money to compound and increase. Use this calculator to see how to grow your savings!