
In College & Short On Funds? Check Out These Tips For Help

College is one of the most enriching phases of life. Regardless of the difficulty level of the field of study, a student learns many things during his/her college days. From being independent to developing a personality, the transition from high school to college isn’t easy for everyone.

Unsplash | One of the most challenging phases that every youngster goes through during college is learning to handle finances
When high-schoolers enter college, they’re expected to act more responsibly. They’re expected to understand how to manage things on their own and make important life decisions. One of the most challenging phases that every youngster goes through during this time is learning to handle finances.
In addition to tuition and living expenses, there are many other areas that need financial diligence. And we understand that it can get quite overwhelming at times.
So if you’ve just entered college or are planning to do so soon, keeping a few things in mind can help.
Counseling for Student Loans
Several students seek financial aid for a college education. The Kentucky Higher Education Assistance Authority (KHEAA) is a public, non-profit agency that increases access to colleges by providing information about students’ financial aid at no cost. According to KHEAA, entrance counseling about student loans is a must for students to know what they’re stepping into.
The US Department of Education has made it mandatory for students to complete the counseling before they receive any education loans. Students need to fully know their financial obligations and how to be responsible borrowers by not borrowing more than they require.

Unsplash | According to KHEAA, entrance counseling about student loans is a must for students to know what they’re stepping into
In addition to managing student loan rates and disbursing private advantage education loans, KHEAA also advises that college students manage their funds right through these tips.
Spend on the right things
There should always be a distinction between needs and wants. Needs are necessary, but wants can wait. Spending on the right things can lead to immense savings. So prioritizing through budgeting is highly advised. Nowadays, there are multiple online apps available to help students keep track of their money every month. You can always make use of such apps to spend wisely.
Read – Key Benefits of Budgeting
Avoid full-price textbooks
The budget breaker for every student is to buy those costly textbooks. An easy way out is to download books online or use websites like Chegg, which rent books. You may also borrow books from seniors or purchase second-hand ones at half the price.
Create an emergency fund
Keeping aside a small amount of your monthly allowance at the start of the month is a good way to save. This will help you avoid overspending and stay within your budget. You can also take up an easily manageable part-time job to add to the money into your pocket.

Unsplash | Budgeting, saving cash for emergencies, and taking up a part-time job can help manage funds better in college
Final words
College is the time to set a strong foundation for life-long financial habits. The rules that you set for yourself at this stage will serve you well all through your life. Spend good quality time, and don’t regret any of your decisions. It’s absolutely fine to trip and fall, but it’s more important to stand back up.
More in Life Hacks
-
`
Charlottesville, Virginia: A Treasure Trove Of Wonders
Charlottesville is popular for its mountainous view. As seasons pass by, the beauty of Charlottesville increases. In winter, however, this city...
November 26, 2022 -
`
Social Distancing Is the Perfect Opportunity to Rekindle Your Love for Books and Reading
There is one common trait amongst all successful entrepreneurs and business owners- they take out the time to read as much...
November 25, 2022 -
`
The Role Vaccines Play In Our Lives
COVID-19 changed the world as we knew it when it arrived in 2020. There were drastic changes that people had to make...
November 23, 2022 -
`
Kylie Jenner Claps Back at Body-Shaming Trolls, And Her Response Is Pretty Epic
The Kardashian brand is worth millions today and while it might be fair to credit their various business ventures for it,...
November 20, 2022 -
`
Take These Small Steps Towards The Road To Your Wellbeing
Great successes begin with the help of small steps. The same goes for our health. While it may seem very difficult...
November 19, 2022 -
`
Tom Brady and Gisele Bündchen Retirement Home
It’s truly the end of the era since Tom Brady announced his retirement after leading as NFL’s quarterback for 22 successful...
November 13, 2022 -
`
Climate Change In Europe Gets Worse In 2022, Says A New Report
There has been a non-ending debate about climate change in Europe. Learned folks in Europe would sit for long-tale talks and...
November 9, 2022 -
`
How Women Can Reduce The Risks Of Death After Breast Cancer?
Breast cancer is a deadly disease that is common in women. In 2021, around 4 million breast cancer cases were recorded...
November 8, 2022 -
`
What Does Science Have To Say About The Health Of Esports Athletes?
If you have some clue about eSports, you already know that a massive number of eSports athletes tune in to online...
November 2, 2022
You must be logged in to post a comment Login