6 Tips on How to Spend Money in College

atm budget credit card money May 24, 2018
 

Graduation completed? Check!
Dorm room selected? Check!
ATM card for college! What? Get an ATM card?

Before you leave for college, you need to learn how to handle money. Here are 6 tips for you to consider as you prepare to go off to college in the fall.

  • Open a bank account NOW and get an ATM card (if you don’t already have one). Make it a joint account (you and a parent.) That way you can get money quickly if you need it when away from home (in college).
  • Learn how to check your bank balance from your phone. It is a good practice to check your bank balance before you get gas or stop by Starbucks, to be sure you have money in the bank for your purchase.
  • Learn how to deposit checks. New technology allows you to deposit checks right from your phone. Great for those graduation checks you will receive.
  • Create a budget. It is essential to have a spending plan. Know how much money you will have each month from your financial aid or from parents. With your parents, create a realistic...
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