How Can College Students Manage Their Money Essay

How Can College Students Manage Their Money - Essay ExampleA student should also be able to separate wants from needs and prioritize the most significant things. Scholarships.com explains that a good plan moldiness be put into action after identifying the differences between wants and needs (Web). Understanding wants and needs helps in bring in a students spending and making sure that a student has sufficient resources in the event of an emergency and enhances making informed gold management decisions. Moreover, a student may favor for a checking account that reduces fees on withdrawals or fund transfer and therefore shopping around to get a bank with convenient ATMs near campus may hugely reduce near unnecessary costs. Just in line with the banking, a student should be able to keep an kernel on the account balance before spending against it thus reducing cases where a student budgets for money that is perhaps not existing. Additionally, most students misuse point of reference bill posters hence attracting dangerous financial position. some students currently use credit cards in carrying out their transactions thus making it easier to hive up a large amount of debt while in college. A student should go easy with the credit cards and understand that the easiest way of spending beyond ones means is charging the credit card (Scholarships.com Web). Students should, therefore, use credit cards sparingly and avoid paying interest on even simple-minded things such as on a bag of chips.