The beginning of the school year is come and gone. If you are like most students at PSC, you are not just a college student, but also you’re balancing a busy life, family, work and more. It might seem like there is no time to be careful with your income, so here are some quick and easy ways to stay on track with your busy lifestyle:
- Make a Budget. Try Mint for an easy, online money management tool. Or, if you are trying to pay down debt – Ready for Zero is a great tool. You only need to review your budget for a few minutes each week to be sure you stay on track. Even if you have a measly student worker income, these budgeting skills last a lifetime.
- Feed the Pig! Before you buy anything extra this month – pay yourself (and your piggy bank) first! Choose a set percentage of your income that you will put aside each pay period for savings. When you have a sum saved up, many banks will give you bonuses for opening a savings account with them. When the money adds up, your future self will thank you!
- Avoid Debt. Visit our Financial Aid office on campus or check out the Scholarships page on our website to find out how to apply for Scholarships and Grants. And avoid loans, if possible. In 2013, 69% of graduating college students had student loan debt at graduation. PSC has a low in-state tuition rate and many of the scholarhips just require an easy one-page application.
- Cook and Pack. One of the easiest ways to save money is to stop eating out, and start packing your lunch and cooking at home. We have a great list of inexpensive, fast and easy recipes to get you started in our Budget-Friendly Recipe Book.
Do you have a Money Smart tip to share? Post it in the comments below…