Posts Tagged ‘money management’

8 Practical Money Management Tips For Students

Here are 8 helpful money management tips for students.

1. You need to keep an eye on spending. For this it is handy to make use of a notebook, or some financial software that are available currently. You can not disregard this step because this way you will be able to prevent yourself from getting over your limit at the bank. It should be also added that keeping track of your daily and monthly spending will help you to understand your spending habits.

2. You need to assess and make thorough planning for your personal budget. It is suggested to do this at the beginning of the month. So, estimate how much money you have and plan ahead your potential outlook expenditure.

3. You need to keep your purchasing receipts, since it is extremely critical to evaluate them at the end of the month.

4. You need to avoid non-academic debt. To go into more details it should be added that sometimes you may think that it is a good idea to utilize your parents credit card in order to purchase the most recent gadgets. But, in reality, this is not a good idea. Instead you should concentrate on developing good money skills that will help you to manage the credit card debt in the future.

5. You should prefer buying used textbooks, as they are notably cheaper. After the courses had been finished, you can also sell out the book to other students so, you will learn some money as well.

6. You should join campus activities, such as fund-raising event in order to encourage yourself for learning and managing finance particulars.

7. You should make a decision what exactly stuff you really need and which one you could do without. Before buying anything, you need to ask yourself whether you really need it. You should also know that the extra stuff should be bought only if you have some additional money left for it.

8. The last but not least advice for you to take into account us that you need to practice good spending habits. Unfortunately there are too many students, who love to have beer and cigarettes in spite of the fact they are unhealthy and high-priced. That is the reason why, to make you life healthier and to improve your personal finances it is suggested to start living a healthy way of life.

If you are looking for more college saving tips visit us!

How to manage my finances? If you want to find out the answer to this question, click the link!

More money management information here!

Be the first to comment - What do you think?  Posted by Money Guru - May 8, 2011 at 11:45 pm

Categories: Uncategorized   Tags: , , , ,

5 Easy-To-Follow Money Saving Hints For Students

Here is how every student can save money:

1) Planning your future is the original step for you to make. And before you do this there are some key things for you to know about:
– It is essential to start planning before you start going to college.
– Do your own detailed research and find obtainable scholarships or grants that you might be eligible for, before you come to a decision to take a loan.
– One more significant thing for you to do is drawing a plain figure depicting cash flow. Make clear your money comes from and how much you usually spend. Start seeking additional sources of earnings.
– It will be helpful for you discover that there is a need to estimate your future expenses on necessities for week/month. Stick to this budget.
– It should be also mentioned that it is critical to set aside some cash.

2) The following recommendations that will assist you to save is watching your dinner bill. There is no need to mention that when you lived with your parents, you might not even care about how much money was spent for food. But now, when you are a student, everything is different. So, now you should stay away from eating at fast food eateries as they rather high-priced. A cheaper and healthier alternative is preparing food at home.

3) Next, it is strongly recommended to use your ID cards to the fullest. So, remember that:
– Student ID cards are given a lot of honor by a number of establishments that are offering special discounts.
– You should look for shops with a loyalty program. If you shop there on a regular basis you will manage to avail their loyalty bonuses.

4) The key idea of saving is spending only what you actually earn. That is the reason why it is always better to use cash as often as possible. Utilize your credit cards only when it is extremely compulsory. This is the best way to prevent yourself from overspending

5) Staying busy is the last but definitely not least advice you should follow to save money. Keep in mind that joing different clubs is not only give you a pastime, but this way you will learn a lot of new, you will meet people, communicate – all these things may be very practical one day.

If you are looking for more college saving tips visit us!

How to manage my finances? If you want to find out the answer to this question, click the link!

More money management information here!

Be the first to comment - What do you think?  Posted by Money Guru - at 11:31 am

Categories: Uncategorized   Tags: , , , ,

Discover Some Money Saving Ideas For Students

If you are currently looking for some useful money saving ideas for students, you have found what you were looking for, for the reason that in this article there are four key recommendations on saving for students revealed. So, let’s have a closer look at each of the potential ways to save some cash:

(a) Opening Student Bank Accounts
This is one of the most useful steps for you to make. To go into more details it should be pointed out that these accounts have fewer charges than other accounts. The interest component is not extremely high, so this way every student can save a decent amount of money.

(b) Avoiding Junk Food
The most essential thing for you to bear in mind is that junk food is more expensive than something you can make on your own at home. One more evident benefit is that a simple home cooked meal is a lot better for your health. So, this way you save money and take care of your health.

(c) Choosing Transport
If you are using your car as a major mean of transportation, then you need to take into account the petroleum costs. Needless to say that you will save a significant sum of money by taking public transport. Or you may use a bicycle to get to the places you need. This is very handy, healthy and green!

(d) Living With Parents Or Grandparents
Naturally, most of you will agree that it might be more fun to live on campus. But it should be pointed out that staying at home will help you to save money on all meals and accommodation costs. Besides, home food is always better than cafeteria food. Still, you should also know that if in this case your transport costs will surpass the benefits of staying at home, it is suggested to move to campus.

(e) Making Extra Money
This is the most crucial advice for every student to keep in mind. It is understandable that if you have extra earnings sources it will be easier for you to save. That is the reason why you should think about getting a part-time job, for instance tutoring, baby-sitting abd so on. You may also consider some internet money making opportunities. Actually, no matter what you select it will be extremely beneficial to supplement your income.

If you are looking for more college saving tips visit us!

How to manage my finances? If you want to find out the answer to this question, click the link!

More money management information here!

Be the first to comment - What do you think?  Posted by Money Guru - May 1, 2011 at 5:45 am

Categories: Uncategorized   Tags: , , , ,

College Students Should Be Knowledgeable About How To Save Money

This article is totally focused on available options that will assist students to save:

First and foremost you need to always ask for a discount, as nowadays there are a lot of shops that offer 10% off for students. A lot of students do not know this, since they don’t always announce this. So, in simple words you should never be ashamed to ask.

It should be also mentioned that the majority of cinemas, theatres and attractions offer discounts for students as well. You should just show your student card.

There is no need to mention that students spend a good percentage of their finances on textbooks. But you can save on this. You should just think about buying second-hand books. Before you pay money for a book, it is suggested to check Amazon to see if it’s available second-hand. Moreover, used text books are frequently in great condition.

Purchasing cheap new or second-hand clothes will also help you to save a lot. That is the reason why Ebay should be your first port of call for any clothing. Also you may prefer buying “BNWT” (Brand New With Tags) and “BNWOT” (Brand New WithOut Tags) clothes if you do not like the idea of wearing things after someone else.

One more crucial recommendation to save is carrying limited cash with you, because this is one of the best methods to make certain you remain faithful to a spending limit. It should be also pointed out that this way you will keep away from making spontaneous buys.

The last but not least recommendation to indicate is that you should shop for groceries at the end of the day, since any items with today’s “sell by” or “best before” date will be significantly cheaper. Needless to say that frozen foods can be particularly good bargains here. So, you can acquire cheap chicken, sausages and so on. There is a need to mention that vegetables are also well reduced at the end of the day, but don’t forget that you will have to use them in a day or two. You should also keep in mind that you may cook double or triple portions that evening, and then put the rest in the fridge or freezer for the next day.

If you are looking for more college saving tips visit us!

How to manage my finances? If you want to find out the answer to this question, click the link!

More money management information here!

Be the first to comment - What do you think?  Posted by Money Guru - April 28, 2011 at 7:47 pm

Categories: Uncategorized   Tags: , , , ,