Going to college is a new adventure. For many, it is their first time away from home and their first time managing their own expenses. Here are some financial tips from Metro North Financial Credit Union for success during your first year of college.
Make a Budget
Creating a budget may sound like a boring financial tip, but it is essential for managing your money. It can be as simple as setting yourself a weekly spending limit. By setting limitations for yourself, you will be able to save more money during your first year of college.
Related: Financial Priorities Post-Graduation
Purchase Discounted Books
College textbooks are expensive, there is no way around that. However, you can save money by purchasing used or discounted textbooks. Remember, there are plenty of locations to get textbooks other than the school bookstore. Online resources include:
- E-books and more
Books purchased online are often cheaper and can still be sold back at the end of the semester.
Utilize Student Discounts
An easy way to save money is to find student discounts. Businesses everywhere offer discounted rates for students. Talk to classmates, resident advisors and other friends at your school to discover the best discounts available in your area.
See Also: How To Get Out From Under Student Loans
Manage Funds With Mobile Banking
Many banks now offer mobile check deposit, making depositing checks even easier.
At college, you may be hours away from your bank, which can make checking your finances even more difficult. Manage your money quickly and efficiently with mobile banking. Many banks offer convenient apps so you can manage your money right from your smartphone or make a quick deposit if need be.
Metro North Credit Union is Here to Help!
Transitioning to college can be stressful. Metro North Credit Union is here to help. For more tips on money management or to open a hassle-free account, contact us!