5 Personal Finance Resources for College Students
Jun 25, 2012
Having troubled managing your finances? After all, you're on your own now and it's time to make grown up decisions that you've never made before. Still, there's no reason you can't try to get some help. Here are some resources that you as a student can use to keep your finances healthy.
College is a time for learning. You learn about your major, other selected topics and how to schedule your own classes. But there's so much more than that. You learn how to live on your own, budget your time, cook better, clean better and how to begin your transition to adulthood. One thing that students should include in their outside of class college curriculum is learning how to manage their own finances properly. You may know a bit about saving, spending and budgeting but you'll need to know more than that in your post-college life. It's easier than you might think too, because there are financial resources tailored specifically to students that can help you on your journey to understanding and managing your money.
Young, Fabulous & Broke Magazine
This online magazine, from the best-selling book by Suze Orman, is specifically for younger people like you who are looking to get a grip on their finances. More than that, this book looks into making you no longer broke and on how you can learn about smart places to spend money in order to make money. It teaches you how to remain stylish and classy without spending all your cash and how to set up budgeting plans for yourself. The downside of this option is that it's not free. However, if you purchase the book you will be able to get access to the online magazine through the website and see new articles that are put up regularly.
Young Money Magazine
This is another online magazine, but this one is free. It updates students on new deals and discounted products in order to save money. Its articles also discuss smart investing, saving and spending options in order to stay on a healthy budget. If you're looking for a career or a way to start your own business, this site works for that too with articles and step by step guides. Also, if you need help calculating your taxes, there are a few online calculators there to help you on your way.
LearnVest.com is a site devoted to teaching people to be financially smart. You can sign up for free to use this resource and can receive updates to your inbox when new articles and tools are available. This site teaches you to spend frugally on entertainment, furniture, food and more. It also puts you through a budgeting boot camp that will force you to learn how to divvy out your money more effectively. This site tends to be better for preparing you for life after college, but much of what you can learn through it still applies to your current student life as well.
This nifty little invention is done through PracticalMoneySkills.com and focuses specifically on students about to enter and already in college. You can download lessons to read through and once you feel ready you can quiz yourself on concepts using a game very similar to online football. This is a fun and engaging way to learn about basic concepts. While there are no major articles updating you on saving techniques, this site will teach you basic terminology for finances so you can begin to understand articles you might read in the news. By understanding them better, you can figure out what those recent happenings have to do with your own finances and how to deal with them.
Playbook for Life
Keeping with the sports motif, this site is all about getting students to think about their financial future. Download PDF files to learn about different concepts in the financial world. There are also calculators, articles and worksheets you can fill out that will help you determine budgets and financial goals. You can learn about credit cards, savings accounts and many other ways of saving and spending money. There are also resources for parents interested in teaching their student more about financial responsibility.
Want to start having a bright financial future? Find out why now is the right time to open a savings account!