7 Best Personal Finance Tips for College Students! 

Create a Budget -  Creating a budget while you’re in college will significantly help you organize your spending, saving, and sharing. It also allows you to clearly see where your sources of money come. 

Secure a Source of Income -  Many colleges offer work-study programs in which students have the opportunity to work in a school-related position, and in exchange, your salary could be tax-exempt. Or, you can try to find jobs nearby your school to minimize transportation costs. 

Use Online Services -  College students aren’t likely to sit down and go over finances in an Excel spreadsheet – especially when there are better options available. Instead, set your student up with an online service or smartphone app that makes money management easy and convenient. 

Stay Debt-Free -  Free money refers to scholarships and grants. There are different types of scholarships available — some may be based on financial need, whereas others are merit-based. Check in with whatever schools you wish to attend, as they generally will provide their own list of partnered scholarships available for their students. 

Look for Student Discounts -  College students should become masters at exploring the ways their educational status can save them money. Vendors, local venues, restaurants, and services near college campuses often offer student discounts that could save your freshman big money during the first year. 

Don’t waste student loan money on nonessentials -  Student loans can be a useful tool for covering tuition and other college costs, but you should avoid borrowing more than you need. Some college students spend part of their loan money on clothing or entertainment, but this decision could come back to haunt you. 

Buy Used -  Another great way to take control of finance for students is to buy items, school supplies, and electronics used rather than new. You can leverage platforms like Facebook Marketplace, Craigslist, and social networks to source items you may need. 

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