
Five Tips To Help You Ace Personal Finance 101

College students can learn to save for the future. (NAPS)
(NAPSI)—Managing money as a college student can be challenging—with juggling tuition, room and board, books and everyday expenses, costs can quickly add up. Money is often tight and income limited. What's more, for many, college is a time when they may be managing their money for the first time, not to mention with the added financial stress of looming student debt.
Managing Your Money
How can college students effectively manage their money and stay afloat? Here are five tips to help students navigate college and build a strong financial foundation:
• Make a budget and stick to it: Since college is all about planning for the future, money management skills should be part of that plan. Establish your monthly budget even before school begins. Determine how much you'll need for typical expenses such as transportation, clothes and entertainment, then include setting aside money for your savings account, even if it's small. More than anything else, stick to your budget.
• Pick the right savings account and add to it: Seek out accounts free from minimum deposit requirements and monthly maintenance fees, but that deliver competitive interest rates to earn cash on savings. Consider the convenience of online banking, which parents will appreciate for transferring funds through person-to-person services such as Zelle®, which Ally Bank, Member FDIC, offers, free.
• Use your college ID to your advantage: Ask restaurants and both local and national retailers if they offer a college ID discount when you make a purchase.
• Plan (and save) for the unexpected: Stash some cash to cover unpredictable costs so you don't have to use a credit card and risk building up potential debt.
• Get a part-time job: Earning $10 an hour, just a few days a week, could add up. It needn't be a large time commitment and the income can help your budgeting and saving for activities and items that you want rather than need.
You may also be glad to know that Ally Bank lets customers open a Money Market Account with no minimum deposit or monthly maintenance fee, with compounding interest daily, and that comes with a free debit card for quick access to cash. Ally customers can use any Allpoint® ATM in the U.S., free, and Ally reimburses up to $10 per statement cycle for fees charged at other ATMs.
Learn More
For further facts and tips, visit www.ally.com.
"College students can learn to effectively
manage their money and stay afloat. http://bit.ly/2NY3S2S"
On the Net:North American Precis Syndicate, Inc.(NAPSI)
Get Top Stories Delivered Weekly
Recent ramaponews News Articles
MOST POPULAR RAMAPONEWS

Ramapo men's basketball loses in playoffs to NJCU By KATIE SUTPHIN

Antonio Brown initiates trade after teammate conflicts By NICHOLAS OSPINA

CPB hosts highly attended Stuff-a-Plush event By GABRIELA OLSZEWSKA

Kareem Hunt gets a second chance with Browns By MACARTAN MCCABE
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST RAMAPONEWS
- Anthony Davis trade rumors will have to wait for the summer
- Avril Lavigne's comeback album shines with emotion
- Fashion Week previews trends for upcoming season
- Public figures should be punished for using blackface
- On the Come Up captivates audiences with relatable messages
- Happy Death Day sequel bends genres amid flaws
- Isn't It Romantic calls out tropes they wind up using
OUTSIDE THE LINES
- Save Energy And Money
- Five Tips To Help Kickstart Your Savings
- How Do We Know LASIK Is Safe?
- Building A Medicaid Bipartisan Bridge
- Footballer Jerry Rice Makes Big Play For Kidney Health
- Tips For Easy Snow Removal
- Thirty Years Of Perfect Harmony To Help Kids
- An IRS Incentive To Save For Retirement
- How To Wow The One Who Wows You
- Top Roofing Trends
FROM AROUND THE WEB
- Online Conference Connects Global Startups and Investors
- Corporate Takeover Tale Offers Blueprint for Survival
- Women Say They're Ready to Put Their Money to Work for Them
- This Year, Rethink The Way You Plan a Vacation
- Fall in Love with UPtv's New Uplifting Series: Design Twins
- Pop the Question with the Perfect Song
- Post-Holiday Wake-up Call: Signs Senior Loved Ones May...
- New Year, New Goals: Tools to Get You Where You Want to Go
- How Self-Publishing Made This Author A Best-Seller
- Big Swings in The Market Haven't Dampened People's Optimism