As a college student you might not earn money but there are ways you can save money avoiding unwanted expenses. MoneyMindz, Free Financial and Investment Assistance Portal helps you learn money management skills helping you learn saving at young age. Here are few tips to look upon:
Create a budget and stick to it:
You need to know where your money is going every month in order to know the true potential of your saving power. It is mandatory to have a budget to find out where you can make some cut-backs and save money.
Finding ways to make money
You can look for a part-time job which will give you more flexibility with your money. Tutoring students in a subject where you excel can be a great help. But you should also remember that you can do this only if working will not interfere with your studies.
Use credit cards wisely and avoid fees
As a college student you will receive many credit card offers and while it’s a good idea to open credit so you can build credit history. It is advisable to use to use your credit wisely. You need to be super smart with your first credit card and don’t abuse it. Open a card with a low APR (Annual Percentage Rate) and also look for perks like no annual fees, 0% APR for 18 months or 5% cash back rewards.
Get good grades
Some certain courses may require a specific grade to count toward your degree and also you might need to meet a grade point average requirement to enrol in a specific course. Retaking classes you failed the first time leads to ripping up money.
Social Media is your best friend in college:
Colleges usually post important information on free events or deadlines for scholarship applications on social media platform. The city or town you’re living in might post information on free things to do in the area so make sure you follow them as well.
Understand your class fees
You should know the fees for each class that you are taking. Because of the special equipment some classes might have higher fees. If it is not a required class then you might take an affordable class instead.
As in today’s world colleges can be very expensive and every little bit you save will be helpful. But there are a million more ways to save money while you are in college. MoneyMindz, India’s First Online Financial Advisory Portal helps you get awareness on financial literacy and be more responsible towards yourself, family and society as a whole.
For more information visit www.moneymindz.com or give a missed call to 022-62116588.