Money can be the bane of any college student’s existence. It doesn’t help that most student are out on their own for the first time. They must manage to live on what little money they already have. IUSB students may not have the same ratio of job holding students to full-time students as a bigger university, but money issues affect everybody the same way.
There are many ways to save money while in school. The most important thing to remember is to not rack up more debt than what is already owed for school. Credit cards always seem like a good idea at the time; but they tend to leave the card holder swimming in debt for sometime afterwords. Credit card companies love to give their cards to students fresh out of their parent’s house. Credit cards should be used sparingly. Students should always keep a budget of their expenses. It helps to know how much money they are able to spend each month. It keeps them from overspending and resorting to borrowing money. It also helps to keep track of where money is being spent.
Saving money is vital to staying afloat in college. There are many discounts to be had around the South Bend area. It is as simple as asking a business if they offer one for students. It is also vital to open a savings account with a higher interest rate. The best places for higher interest rates are credit unions. The rates may not be significantly higher but in the long run, more money is earned.