Savings Hacks for College Students
Posted On: September 9, 2019 by Farmers & Merchants Bank & Trust in: Budget, Save
While college remains one of the best ways you can invest in yourself and your future, it doesn’t change the fact that the costs of attending college only continue to grow. Focusing on your education should be your top priority while you’re in school. However, developing strong saving habits can not only cut costs while you’re attending college, but those habits can also help you be more responsible with your money once you’ve graduated.
Set a Budget
While this may seem simple and obvious, creating a budget is the first step in any successful savings strategy. Outline what your monthly expenses are, including things like going out with friends on weekends, and figure out how much money you have. If you’re working while in school, your goal should be to have your income be more than your expenses. If you’re living off money you made during the summer, figure out how much you can afford to spend so that it lasts you throughout the entire year. Be
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