February 20, 2018

How Wise Are We With Money? (infographic)

The editors at Online Accounting Degrees decided to research the topic of: Dollars and Sense: How Wise Are We With Money? What stood out to us the most as it affects college students were a few things. 1) Only 3 states requires high school courses devoted to personal finance. Can you guess which ones?, 2) 81 percent of teens don't have a checking account and 65% don't even know how to balance a checkbook. And 3) 57 percent of parents with kids in high school or college give schools below average … [Read more...]

Budget stretching tips for students: Living better for less

Attending college and being short on cash go hand in hand for many students, but with a bit of wisdom from those who’ve done it before, you can get more bang for your buck. Here are 9 tips for stretching every dollar to maximize its value. Become a rice and ramen connoisseur Rice and ramen noodles are inexpensive, and with some creativity, they become the primary ingredients for a delicious, nutritious and cheap meal. There are loads of good recipes online like the 144 ramen recipes at … [Read more...]

5 Money Rules Every Young Adult Should Live By

Before you moved out of your parents' house, managing money probably wasn’t a priority; after all, your parents made sure you were taken care of. Now, it’s up to you to manage the funds from your paycheck to meet your basic needs. If not, you could find yourself hungry or buried in a mountain debt. Here are some financial habits you should grasp sooner than later to achieve financial freedom: 1. Begin with the end in mind If you want to move into a more spacious apartment or trade in that … [Read more...]

How to Get Rid of Your Student Loan Burden

Not everyone at university is fortunate enough to have their parents pay for their tuition. For those who don’t have this privilege, there is the option of a student loan. However, student debt incurred by a loan is becoming a serious problem in United States and in other countries. Like millions of American homeowners who found themselves trapped in houses they couldn’t afford, college graduates got entangled into a bubble of their own. Many who took this gamble find themselves burdened with … [Read more...]

Ways to Manage Your Student Loans

Student loan debt is the leading household debt, according to the Consumer Financial Protection Bureau. Americans currently owe $1.1 trillion to student loans. Although students don’t technically have to start paying back their loans until after graduation, it’s a good idea to be proactive about the debt. Want to get a head start on paying back your loans? Try these tips for managing your student loans and reducing your monthly payments. Create a Budget It takes discipline to establish and … [Read more...]

4 Tips for managing your money in college

Living on campus is a blast. You get to meet new people, you’re always close to your classes, even on the farthest end of the school, and the essentials of basic living are right at your fingertips. However, at some point, you’ll move off campus. Whether it’s cheaper or you just want the freedom that comes along with your own place, either way you’re going to need to learn how to manage your money so when you do go wild with your paychecks, you don’t feel the hurt as bad. What are a few … [Read more...]

6 Ways to Manage Your College Living Expenses

There is no way around it; college is costly. If you’re like the majority of students, you’re probably not flush with cash when you enroll at your university. Even students with a full-ride scholarship still need to be conscientious about living expenses and other hidden costs. Here are some top tips and tricks — including some ideas about food, transportation, and no contract cell phone plans — to help you save money and budget during college. Follow all of these to earn an “A”! 1) Track … [Read more...]

5 Ways to Save on College Textbooks

Among the biggest and most important purchases college students make, textbooks top the list of pricey needs. In fact, the U.S. Public Interest Research Group found the average student spends as much as $1,200 each year on books and supplies -- with some books costing as much as $300 alone. This expense has become so great that 65 percent of students opt against buying a textbook, even though they fear their grades will be in jeopardy. There's no reason to risk your GPA to save your budget. … [Read more...]

4 Reasons to Buy a Car Before Graduation

Pretty soon, you can finally exhale as you walk across the stage and receive your degree. One chapter of your life will be closing, but another one will quickly open. But, before the big day arrives, a few arrangements must be made, including transportation. You may have arrived on campus without a ride, but here are four reasons why you don’t want to depart without one. 1. Promotions Galore Automakers have a thing for recent college graduates and love to offer them discounts and promotions. … [Read more...]

Two-Year Degree Options in Lieu of Mounting College Debt

By Chelsy Ranard Furthering your education seems like a positive decision for reaching your career goals. But a college degree can be both a blessing and a hindrance for many graduates. Depending on the industry you're pursuing, a bachelor's degree might not be worth the debt attached to a college education. For those wanting to further their education and follow their passion, looking into an alternative to a four-year-university may be the best option. The Debt Crisis The student loan … [Read more...]