Good financial planning can help you avoid a financial crisis so you can focus on your studies and graduate with as little debt as possible. You shouldn’t wait until you’re living on your own for the first time to start learning about your new responsibilities as a student. Whether you’re moving into residence on campus or renting an apartment, whether you’re buying a meal plan or cooking for yourself, you’ll be forced to adapt to a whole new set of financial obligations and challenges. Here are some tips to help you develop a good financial plan, keep it up throughout your studies and prevent a financial crisis.
Learn to be resourceful, establish your financial independence and create and stick to a workable budget so you can graduate with as little student debt as possible.