03.30.10 | Saving For College – Start Today!
If you’re a high school senior, then for a while now and over the next few months, you’re going to be seeing and hearing a lot about the cost of college. From student loans to scholarships, it can be a lot to take in. While paying for tuition, housing fees, etc. is obviously top priority, don’t forget that you are going to want to have a little extra spending money as well, especially if you’re planning to move away from home and live on campus.
Freshman year at college is a great opportunity to learn the value of a dollar and take your first few steps into the real world. If you’re not sure if you will have a job in college, you might be a little worried about walking around with an empty wallet, and that’s why you should start saving today.
Living on campus can be costly and so you should take precautions now to build up a nice little nest egg by the time the fall rolls around. Here are some easy ways to do that:
1. Open a savings account. Lets say you have a part time job that pays $150/week. If you could place $50 of that into savings, by September 1, you will have $1,000 saved up, with possibly a few extra bucks interest. Over the spring and summer, look for ways to continue feeding that account, from allowance money to high school graduation gifts.
2. Win scholarships. If you have access to a computer, you have access to tens of thousands of dollars in scholarship money available to high school seniors coast to coast. Simply visit ScholarshipPoints.com, where you can earn points for a chance to win scholarship money just by reading blog posts and completing activities. In fact, just for reading this blog post, we’ll give you 15 points to get started. Simply visit that link and enter the code: SAVENOW.
3. Find a student credit card. Now is as good a time as any to get your first credit card. Think of the expenses you pay for regularly – gas money, cell phone bill, going to the movies. If you pay for these with a credit card, and pay them off each month, you can not only begin to grow a credit score, but you can often get cash back savings and reward points. Get started with your credit card today!
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good advice, wish i heard this a year ago
April 30th, 2010 | #
hahaha i want a scholarship so bad
April 29th, 2010 | #
could some one tell me what do i do when another bitch took my inforamtion and knows my password and changed everything
April 23rd, 2010 | #
interesting
April 20th, 2010 | #
Thank very much scholarships?
April 19th, 2010 | #
good info for me!
April 18th, 2010 | #
ive just opened a savings account.
now im looking for scholars
April 16th, 2010 | #
I wish i knew all this during high school. i wouldve done things a little bit differently
April 14th, 2010 | #
good advice
April 12th, 2010 | #
My brother is still in his junior year of high school… he recently opened both a checking and a savings account. Its the best way to go.
April 12th, 2010 | #
Very helpful wish I would've done that in high school
April 6th, 2010 | #
Thanks for the information!
Very, very helpful
April 6th, 2010 | #
this is good advice.
April 6th, 2010 | #
Good advice.
April 6th, 2010 | #
Great article. It's amazing how quickly you can save money without putting much thought into the actual act.
April 5th, 2010 | #
Pretty insightful
April 5th, 2010 | #
this is very helpful information that every high school senior should read
April 5th, 2010 | #
DONT use your credit card for little things!
April 3rd, 2010 | #
Good advice!! I think i'm going to get a summer job just to save some money.
April 3rd, 2010 | #
I agree with everybody else.GOOD INFO!
April 2nd, 2010 | #
thanks for the info
April 3rd, 2010 | #
very good
April 3rd, 2010 | #
great advice!
April 2nd, 2010 | #
Very helpful info.
April 1st, 2010 | #
Most of this information is useful, however, I disagree with a student getting a credit card; and I think (due to the new administration in office) the policy for college students being able to so easily get a credit card has changed. They have to meet certain criteria before they can be approved.
April 1st, 2010 | #
Tell your parents to put every dollar they save by switching your phone from contract to pay as you go, in a savings account. I made that deal with my mom. I bought a Net10 pay as you go cell phone. And started paying $20 a month instead of $60. It's 10 cents a minutes and 5 cents a text. I taught me to moderate my phone usage and how to save money.
I went into college with a few hundred bucks and make about $40 a month in addition to what they already give me. Good phones — good deals.
April 1st, 2010 | #
Great Info!
April 1st, 2010 | #
heck yes good advice! i'll take it!
March 31st, 2010 | #
Very helpful information for Seniors but any student in high school needs to read this.
March 30th, 2010 | #