5 Money Saving Tips to Share with Your Student
- Make choices. You can’t do everything or be everywhere. Select the things you most want to do and say no to the rest.
- Track your spending. The best way to see where your money is going is to keep track of it—down to every last dollar—over the course of a few weeks.
- Estimate upcoming expenses. If you know you have a lot of birthday gifts to buy in the month of November, buy some ahead—or start putting aside money now. It’s much easier to set aside a little bit at a time.
- Designate some “fun” money. If you know you need a Starbucks Frappucino every Saturday when you go out with friends or the latest DVDs released every Tuesday, build this into your budget.
- Be cautious with credit cards. Don’t spend money you don’t have. Set your own spending limit, regardless of the one provided by the credit card company.