Going to college is a once in a life time opportunity that if given the chance you should use it wisely. A lot of people would like to go to college but don't have the privilege to do so. The sad thing is that some students who do get the opportunity to attend college turn to be not serious and make big financial mistakes.
Below we are going to cover the financial mistakes made by college students and how to avoid them.
1) Loan Money: Some students turn to misuse the money loaned to them to buy the books they need to study or they just buy a few books. Other things they end up doing is not pay their tuition and dorm and finance their extravagant lifestyle of getting the latest gadgets, clothes and party every weekend.
The loan money you get should be used wisely and all the things it was loaned for should be paid. You should not rush into having fun while you are in college because it will disturb your school work. Once you are through with college you will have time to do all that, right now concentrate on your school work and make sure you complete your degree. Also remember that the loan money has to be paid so how will you pay for it if you don't complete your studies.
2) Credit Card Dept: Having a credit card doesn't mean that one can spend as much money as they want just because they have access to the money. Owning a credit card requires you to be responsible but you see some students with hefty credit card debts that they don't know how they are going to pay back.
If you are a student and you are living from loan money or your parents give you money then you should spend your credit card money wisely because one day you will have to pay the credit balance. You don't want to pay your loan money and credit card balance when you graduate.
3) Your Bills: If you don't pay your bills in time that's a great way of damaging your credit rating. Once you have a bad credit rating you will find it difficult to buy a car, get an apartment or even buy a iPhone or iPad after you finished with your studies. In order to have a good credit rating you have to pay your bills in time and don't misuse the money you have to pay your bills with.
Students who make bad financial decisions is because they have poor financial education. Students have to know how to manage their finances so they can avoid being in dept while they are still in college. To ensure that you don't pay credit card payments and loans when you finish college you have to spend your money wisely while in college. And that requires you to be disciplined with your spending.
There's a lot more involved in getting prepared for college. If you want more guidelines on how to prepare yourself for college starting from today then get yourself a copy of the complete guide to college preparation here: http://www.getpreparedforcollege.com
You can also get your FREE copy of our ebook "Getting Ready For College" that will give you tips you can use today in getting ready for college and be ahead of the rest. Download your copy here: Getting ready for college.
Article Source: http://EzineArticles.com/?expert=Nolleen_Rowe
Article Source: http://EzineArticles.com/8173101
Below we are going to cover the financial mistakes made by college students and how to avoid them.
1) Loan Money: Some students turn to misuse the money loaned to them to buy the books they need to study or they just buy a few books. Other things they end up doing is not pay their tuition and dorm and finance their extravagant lifestyle of getting the latest gadgets, clothes and party every weekend.
The loan money you get should be used wisely and all the things it was loaned for should be paid. You should not rush into having fun while you are in college because it will disturb your school work. Once you are through with college you will have time to do all that, right now concentrate on your school work and make sure you complete your degree. Also remember that the loan money has to be paid so how will you pay for it if you don't complete your studies.
2) Credit Card Dept: Having a credit card doesn't mean that one can spend as much money as they want just because they have access to the money. Owning a credit card requires you to be responsible but you see some students with hefty credit card debts that they don't know how they are going to pay back.
If you are a student and you are living from loan money or your parents give you money then you should spend your credit card money wisely because one day you will have to pay the credit balance. You don't want to pay your loan money and credit card balance when you graduate.
3) Your Bills: If you don't pay your bills in time that's a great way of damaging your credit rating. Once you have a bad credit rating you will find it difficult to buy a car, get an apartment or even buy a iPhone or iPad after you finished with your studies. In order to have a good credit rating you have to pay your bills in time and don't misuse the money you have to pay your bills with.
Students who make bad financial decisions is because they have poor financial education. Students have to know how to manage their finances so they can avoid being in dept while they are still in college. To ensure that you don't pay credit card payments and loans when you finish college you have to spend your money wisely while in college. And that requires you to be disciplined with your spending.
There's a lot more involved in getting prepared for college. If you want more guidelines on how to prepare yourself for college starting from today then get yourself a copy of the complete guide to college preparation here: http://www.getpreparedforcollege.com
You can also get your FREE copy of our ebook "Getting Ready For College" that will give you tips you can use today in getting ready for college and be ahead of the rest. Download your copy here: Getting ready for college.
Article Source: http://EzineArticles.com/?expert=Nolleen_Rowe
Article Source: http://EzineArticles.com/8173101
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