6 frugal tips for college kids

August 30, 2014 | posted by College Money Insider. Leave a comment.

Unfortunately the ‘poor college kid’ stereotype is far from a fictional character and chances are you are (or will be) finding it difficult to keep enough cash around to actually live while you go to school. Here are some frugal tips to boost your money management skills.

  1. Shop Online. Many retailers offer special discounts for online shoppers like free shipping, percentages off, special clearance items, or final sale markdowns. When you shop online you can also watch the balance creep up as you add items to your cart so be sure to set a limit before you buy and don’t overspend.
  2. Use Coupons! There’s no shame in using coupons to rack up the savings.  www.RetailMeNot.com is a great site you can use so that you never have to pay full price.
  3. Brew Your Own. Skip the morning frap and you can save up to $90 a month! Use your own coffee maker and you can splurge on fancy creamer while still staying far under budget.
  4. Save Loose Change. Keep a big jar on your dresser toss in all your loose change. You’ll be surprised at how fast is add up and how much you’ll appreciate it for a rainy day.
  5. Round Up. After a day at the mall or grocery store, always round up the amount of money that you think you’ve spent. If you bought a shirt for $7, count it as $10. This tactic will help you avoid overspending and you’ll be more pleased with your balance at the end.
  6. Be Preventative. Eating healthy, sticking to dental routines, and exercising regularly will cut down on expensive trips to the doctor. Being fit also makes you rmore productive.  Start by tossing in some veggies with your ramen and take the stairs every time it’s an option!

There are thousands of ways to be frugal and still have all the things you need.  What are some of your best ideas?  We’d love to hear about them.

10 Tips for Paying Back Your Student Loans

August 28, 2014 | posted by College Money Insider. 2 Comments

 

When you are going through the process of applying for and obtaining private student loans, you should take that opportunity to plan for repayment. Student loans must be repaid, so it’s essential to take the time to think through and decide in advance how you are going to manage that.

If you plan ahead, you won’t be shocked when the initial bills come. Though there are many options available to you, should you fall behind in payments or become unable to repay, you should take advantage these 10 tips so that you don’t have to worry about that. This is the lesson many students probably wish they had learned in the beginning!

Crafting A Repayment Plan for Your Student Loans

July 21, 2014 | posted by College Money Insider. Leave a comment.

It’s a time of great change for the members of the recently-graduated Class of 2014. Whether a few months into a new job or still looking for the right opportunity, everyone is trying to figure out their new life – and just as importantly, how to pay for it.

The first step towards gaining your footing financially is to take stock of your income and expenses and create a budget. Of course you’ll want to start by making sure you can pay for the necessities – food and shelter – but there are a lot of other expenses for which you’ll need to plan. A professional wardrobe. Your car note. TV and Internet. It all adds up quickly. And then there’s the other big milestone you’ll soon face: starting repayment on your student loans.

The Student-Parent Connection: Graduation!

June 19, 2014 | posted by College Money Insider. Leave a comment.

The Student-Parent Connection is a monthly feature here on College Money Insider. During the school year, we have a student and parent share their thoughts and experiences as they save up for college and go through the college application/decision process. Today’s post is by Christina Avery!

If you have any tips to help students save up for college, feel free to leave a comment below!

I can’t believe that I just graduated! On June 11th, I was no longer a high school student anymore, but I became a college-bound freshman. These last few months have been exciting to say the least. I had my senior banquet and prom, which were both awesome ways to close out the school year. I’m out of school now and enjoying the summer weather. I can’t believe it’s official — I am done with high school. The thought alone scares me half to death but it’s thrilling at the same time.

The Student-Parent Connection: Looking Back

April 16, 2014 | posted by College Money Insider. Leave a comment.

The Student-Parent Connection is a monthly feature here on College Money Insider. During the school year, we have a student and parent share their thoughts and experiences as they save up for college and go through the college application/decision process. Today’s post is by Christina Avery!

If you have any tips to help students save up for college, feel free to leave a comment below!

Right now we are in a lull in the college process.  Not much for us to do right now.  Jessica has registered for orientation at College of Charleston in July – should be nice and hot! Really at the moment we just need Jess to finish out high school…senioritis has definitely set in.  Lots of fun things happening soon – senior banquet, senior picnic, prom.  Hopefully she can focus enough to do well on her AP and senior exams in May.  Final transcripts will have to be sent to Charleston, so she needs to hang on just a little longer.