human
My son is just starting college, and he needs some help managing his finances. What are the best tips for new college students?
assistant
1. Make a budget and stick to it. Knowing exactly how much money you have and how you plan on spending it will help keep you on track.
2. Take advantage of free resources on campus. Many colleges offer free services or support for financial aid, scholarships, or budgeting.
3. Look for side jobs to cover unexpected expenses. Extra cash from a part-time job or freelance work can help you cover the costs of incidentals.
4. Avoid impulse purchases. Just because something is on sale or you have money in your pocket doesn’t mean you need to spend it.
5. Start saving. Even small contributions to a savings account can make a big difference over time.
6. Find ways to save on textbooks. Consider buying used textbooks, rent them online, or find them at the library.
7. Cut back on eating out and other luxuries. Cooking meals at home and trading nights out for nights in can free up extra funds for more essential purchases.
8. Look for discounts. Discounts are everywhere – from student discounts at stores to purchases at the university bookstore. Take advantage of them whenever possible.