Almost everyone eventually has money issues at college, and they can impact your academic success. Money problems are stressful and can keep you from concentrating on your studies. Spending too much may lead you to work more hours than you might otherwise, giving you less time to study. Or you might take fewer classes and thus spend more years in college than needed. Worse yet, money problems cause many students to drop out of college entirely.
But it doesn’t have to be this hard. Like other skills, financial skills can be learned, and they have lifelong value.
Creating a Budget
The starting step of financial steadiness is a sound, realistic budget. Understanding where your money is going every month relieves stress and allows you to better plan for your future.
Managing Debt
Very few people get through life or college without some kind of debt. But let’s explore the different types of debt out there and see what makes sense for you.
Understanding Credit
Credit is defined as the ability to borrow money to pay back later and refers to your previous financial behavior. Building and managing good credit gives your flexibility in achieving your financial goals.
Evaluating Taxes
Every April 15th, taxes are due in the United States. Do you need to file taxes? This guide will help you determine not only that but also determine if there are benefits (credits) you may be able to claim thanks to your college expenses.