College Finance 101: How to make it to graduation without student debt

  1. Pay yourself first!
    • Saving is a very important part of protecting yourself financially.
    • Save as much as you can every month. Even a small amount can make a big difference if you keep it up. Check out our savings calculator to learn more.
    • A great goal is to establish an emergency savings fund large enough to cover three to six months of your living expenses.
    • After you have an emergency fund, your savings can go toward meeting your goals.
  2. Be careful with credit cards.
    • Choose wisely
    • Don’t open up multiple credit card accounts.
    • Stick with one credit card and use it to make small purchases that you can pay off in full each month.
    • Keep track of your spending.
  3. Check back periodically.
    • Be sure to review your budget regularly.
    • Does the plan still meet your needs and help you achieve your goals? If not, make some adjustments or create a new budget that better meets your needs.

On the next page, you’ll find a sample budget work sheet you can use to get started.

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