73% of our respondents from last week’s #WITwants2know indicated they manage their own finances. Even in college, it always important to know where your money comes from and where it goes. You also want to be aware of both short-term and long-term goals for your money.
Very few of us attended a class on managing our money. We just sort of figure it out…but there are a lot of resources available to college students specifically to help you start managing your money now. Here are a couple:
10 Smart Money Tips for College Students – this article, from 2011, is a little outdated as some of the figures are probably lower/higher than they were then. But, the tips are timeless. https://www.nationwide.com/newsletter-featurestory-fall11.jsp
Finances for College Students – this site is a little more comprehensive, as it includes a budget worksheet and money tracking sheet, as well as information about savings/checking accounts, credit cards, and debt. http://www.balancetrack.org/collegestudents/index.html
Also, Wentworth has partnered with $ALT: money knowledge for college and beyond to provide a valuable resource to our students on student loans and much more. https://www.saltmoney.org/index.html
Understanding more about your finances early can have significant effect on your long-term financial stability. Learn today to save for tomorrow.