Quick Tips:
- Review your expenses periodically.
- Balance your checkbook.
- Maintain a record-keeping system.
- Don't borrow more in student loans than you need.
- Buy used textbooks - the highlighted areas may even help you study.
- Look for free entertainment on campus.
- Rent movies or go to the matinee which is usually cheaper.
Spend based on "need" not on "want"
- Eat in - learn to cook.
- Wash your own car.
- Use coupons.
- Check out free campus events.
- Shop around for the best telephone rates.
- If you are upset, don't go shopping.
- Coordinate dorm room purchase with your roommate to avoid duplication. If you are living off-campus, consider roommates to share housing expenses such as utilities.
Watch those credit cards!
- Use only for emergency.
- Pay off the entire balance each month.
- Allow 8 to 10 days for payments mailed in to be posted to make sure you don't incur a late fee.
- Shop around for the best interest rate.
- Department stores often have higher rates.
- Cash advance rates are higher than purchases.
- Save receipts and check them carefully against your statement.
- Memorize your PIN and do not share it with anyone.
- If your credit cards are lost or stolen, immediately contact each creditor.
- Notify creditors if you move.
- Call your creditor if you are having trouble making your minimum payment.
