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Learning how tobudgeteffectively during college can set you up for lifelong financial success.
In a recentarticle, she shared her tips for a successful college budget.
Here are her top tips for budgeting your money like a pro while balancing academics and life.
Also seefive accounts every college student needs and theyre not what you think.
This means your income minus your expenses should equal zero.
Use a budgeting app like EveryDollar or Rocket Money to track your spending and ensure youre staying on track.
You could do this by working a part-time job during college.
This not only helps cover your expenses but also teachesvaluable time management and responsibility skills.
you could often find jobs on or near campus that align with your schedule.
Every dollar you earn working part-time is one less dollar youll need to borrow or worry about spending.
College students often have tight budgets, so finding creative ways to save is key.
Small changes can add up to big savings over time.
In fact, according to research fromCNET, the average adult spends $91 on streaming services alone.
Cutting out just a few services could add up to big monthly savings.
Check out a few of these money-saving hacks that could help.
Save for Emergencies
Even as a college student, having a small emergency fund is essential.
Warshaw recommended setting aside money each month for emergencies orfuture tuition payments.
Having this safety net could help prevent you from reaching for a credit card and going into debt.
Here are a few tips to get an emergency fund started.
Warshaw recommended tracking your spending throughout each month to see where your money is going and adjust if necessary.
Reviewing throughout the month keeps you accountable and prevents overspending.
Here are a few ways to stay on track.
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