For most people, bad habits are hard to break, and it can be difficult to get into good habits, particularly when it comes to money.
Here are some suggestions that can help you achieve your financial goals:
- Identify your goals and write them down.
- Develop a monthly budget you can afford and stick to it! more >
- Make well-informed choices about how to use your limited resources. more >
- Save what you can each month (even if it’s only $20) for emergencies. more >
- Limit the number of credit cards you have and your available credit. more >
- Pay your credit card balance in full each month. Charge only what you know you can repay when the bill arrives.
- Be a well-informed borrower. Not all loans are alike; know the differences and borrow wisely.
- Borrow the minimum amount you need to achieve your goals and repay all that you borrow.
- Pay your bills several days before the due date to avoid late payment fees. more >
- Be realistic about how much money you’ll earn after you graduate; don’t count on any immediate financial windfalls.
- Keep accurate, well-organized records of your financial activities. more >
- Establish and maintain a strong credit history; review your credit report at least annually. more >