April 15, 2025

Finance Tips for College Students: Financial Literacy Month

Finance Tips for College Students: Financial Literacy Month aba graphic

Check out the tips below from the ABA Foundation to help college students work on mastering personal finance:

  1. You are in charge. You are responsible for your finances and you should act accordingly by creating a realistic budget or plan and sticking to it.
     
  2. Watch Spending. You control your money, determining how you spend or save it. Pace spending and increase saving by cutting unnecessary expenses like eating out or shopping so that your money can last throughout the semester.
     
  3. Use Credit Wisely. Understand the responsibilities and benefits of credit. How you handle your credit in college could affect you well after graduation. Shop around for a card that best suits your needs.
     
  4. Utilize Your Bank Account. Banks are more than money in a vault. They offer valuable services that students can benefit from like check cashing, debit cards, online banking, balance alerts, personal loans, direct deposit, financial education and some offer identity theft protection.
     
  5. Lookout for Money. There's a lot of money available for students, you just have to look for it. Apply for scholarships and look for student discounts.
     
  6. New is Out. Consider buying used books or ordering them online. Buying books can become expensive and often used books are in as good of shape as new ones.

Check out the full ABA article by clicking here.