Poor, hungry college student. Many of us have been there. It’s kind of funny how normal that seems to us, the fact that young adults are going to school and living on minimal income or savings.
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college student
College is a new world. For most people, their parents pay for the things they need until (and often even after) they leave home for college. But once you’re out on your own, you can’t just ask mom or dad for a few bucks to grab lunch or to take a girl on a date.
Keeping your finances tight and collected as a student is a pretty hard thing to do. You’re going to be living on your own for the first time which means that money is going to be flying out everywhere to keep you going, not to mention that you’re going to be on a limited budget! With that being said, there are a few things that you can do to make sure that your finances stay in the best condition that they can, so here’s a few ways to keep you in the green!
There are all sorts of different ways that families can save money for their kid’s college education, but as prices continue to rise, they’re not always enough. A four-year college could cost up to $334,000 so for a lot of families, putting money into a traditional college savings account won’t be enough. The amount that you need to be putting in every month is massive and you might not be able to afford that. Luckily, there are some more inventive ways that you can get all of that cash together. If you’ve tried investing your money in IRA savings accounts and you’re still coming up short, try these last resort ways to save for college.
Some parents save money for decades to be able to afford a college education for their child. Sometimes they start saving money before the child is even born. Also, going to college these days is much more expensive than it used to be, because there are many added costs. Plus, college has gotten a lot more exclusive. Basically, if you want your child to have the best education, you have to expect to pay for it. These days, the average cost of annual tuition at some of the best colleges is between $50,000 and $100,000 a year. If you would have saved that money instead of sending your children to college, you would be able to purchase a few new houses. Yet, there is an affordable way to send your children to college – without breaking the bank.