Magie Warner

Anonymous

@magwriter

Profile

Registered: 2 years, 6 months ago

College is an ideal time to develop good financial habits. In 5 years, you can not only get a higher education, but also prepare yourself for the right situation (financially or professionally) to enter adult life. How can I save money during my studies? What can you save the most on? How can you increase your income and start building up your financial reserves now? How to save money for college? One important caveat: The cases and observations I have described should not be taken as absolute truth. Every situation is different, and you should always consider whether the advice I describe will work in your situation when making decisions. I myself was once in a bad financial situation. My car broke down, and I had to borrow money from my family because I didn't have enough money to get me through the month. And if you ever decide to buy a car as a student you can find a helpful guide on the internet. After that event, I decided that I couldn't go on like this! I decided to make a change, and it definitely worked. Below is my experience with personal finance. I hope that at least some advice will be useful to you. 1. Find extra work and try to increase your income (even if you are a full-time student). In most courses, the number of hours is small enough to generate at least a few hours a week and earn a few pennies. Have a free Friday or weekend? That's great! You're sure to find some extra work. There are many opportunities in big cities. From the simplest jobs, such as leafleting (I've done this myself), working as a waiter or salesperson, to more specialized jobs (some of which may even be related to your studies). 2. Telecommuting is always possible (e.g. freelance writing, graphic design, tutoring). It all depends on what you know and what you can do. 3. Check job fairs, Facebook groups, ask your university friends, and you're sure to find something in a few weeks. I've written more about how to find your first job HERE. It's hard to talk about savings without an income. After all, it is said that the empty man and Solomon are not inclined. That's why I put this point at the very beginning. Even if his income isn't overwhelming at first, he definitely wants to increase it in the coming months or years. It's worth starting earning money as early as possible, because you'll improve your starting position with each succeeding school year. For example, if you can earn just a few dollars in the first academic year, it is unlikely that you will fall below this level in the following years (unless, of course, something unexpected happens). So if you don't already have a second job - try to change it. Keep a 'household budget'. That way, you can see where your money is going. You may be surprised at how much you spend on eating out, eating, drinking, parties or other entertainment. All of this is important, but it's good to keep costs under control. Check yourself and write down all your expenses. You can do this on a sheet of paper, in Excel or in a special app. There are several options.

Website: https://didyouknowcars.com/how-can-students-save-money-for-a-car/