Money Tips & Tricks
Jazmin Davis
Finance is a scary word and one most college students shy away from, but after this article you’ll be adulting in no time! I found that talking about all this helps college students transition into a more financially stable lifestyle.
First, in order to have more confidence in any subject you have to have little tips and tricks to get you through smoothly and that’s where I come in.
Set a budget
By this we don’t mean pinching pennies and not spending money on going out and having fun. You can budget and have fun. Setting a budget starts with getting an account of all your spending habits so far and then see how much money is left over every month with your current spending habits.
Afterwards you’re going to allocate money to different parts of your life, with things like rent, car notes, and high priority expenses like these being priority. The next things would be items like groceries and going out. This is where you can still hang out with friends and have fun, just more responsibly. After having delegated money to different expenses in your life you now have more control over what you spend and how much you spend. Based on this you start creating new habits.
The next tip is incorporating this budget into your lifestyle, which might seem hard at first but with a little explanation it’ll be easy as 123.
Signed, Saved, Delivered
There are plenty of apps to help with saving, and many banks will actually help you get started with saving with their own programs. As for the apps there are some like Acorn that take what you spend and round it to the nearest dollar then transfer the difference into your savings account. If you’re not comfortable giving your banking info to an app, consider talking to your bank about programs that work more or less in the same way. If your not a creature of habit like me then this tip should work great for you because it saves every time you spend without any of the extra steps.