I recently ran across this MSNBC.com article: Money 101: How to avoid going broke in college. It offers 10 great tips for making smart money-management decisions in college:
You’ve done it! You’ve moved out! You’re finally living on your own!
Watch out, though: If you’re not careful with money during your college years, you could find yourself living under your parents’ roof again before you know it.
It’s shockingly easy to flub up personal finances at this crucial stage of life, when you don’t have a lot of money coming in and distractions are legion. In addition to juggling a hefty load of schoolwork and fun with your friends, there are suddenly so many new things to worry about in the financial department: a dorm room or apartment, transportation, textbooks, student loans, travel expenses.
How’s an 18-year-old supposed to adapt to this whole new level of financial responsibility? The following tips can help you settle into your changed circumstances and thrive.
Don’t underestimate how important the financial decisions you are making in college really are. They will continue to follow you, for better or for worse, even after you graduate.
Read the full article here.
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