Being a student can be tough. You may want to do a lot of things for yourself, but you don’t have the money to do it. It can seem like a lot to take in, but then again, you can take it one step at a time, so you don’t become overwhelmed.
Here are five financial tips for college students.
1. Buy refurbished electronic devices.
When you’re in college, you’re going to want all the best and new tech gadgets. You’ll want an expensive phone to go on social media and the best tablet to work on your projects as well as binge-watch your favorite series. The truth is you don’t need to pay the full price for devices like these. Instead, you can find refurbished ones for a fraction of the cost and with applied discounts. For instance, you can purchase refurbished electric devices from online shops like The Store.
In The Store, you’ll find refurbished smartphones, laptops, and Samsung tablet deals. They take used devices, inspect them for imperfections, sanitize them, restore them, and list them for sale. In addition, every product sold is subject to a one-year warranty where the client gets free repairs within that year if their device stops working for X or Y reasons. So buying a refurbished machine like a tablet, iPad Pro, or iPad Air from The Store will guarantee you save money.
2. Use a student credit card.
Another thing you could do to take control of your finances is to start building credit by using a credit card. Having good credit or excellent credit will help you gain the trust of any financial institution or lender when applying for a loan for a car or mortgage, among other things. You may not think it’s not important you start working on this right now. However, building your credit history from an early age will demonstrate how responsible you are with money and will open many doors for you in the future.
Moreover, to start building your credit score and maintain good standing credit, you can begin by applying for the best credit card for students in Canada and the United States, the Tangerine Money-Back Guarantee credit card. This starter credit card has a sign-up bonus of 1.95 percent for six months, two percent cash back on three product categories, a lower rate of 0.5 on the rest of your everyday purchases, and zero annual fees. Additionally, you must generate an income of at least $12,000 for eligibility for this Mastercard. If this is your first credit card, you want to know that to apply for it. You’ll need your personal information, such as legal name, date of birth, social security number, and address.
3. Get a job.
As a student, you’ll barely have time to work a full-time job and make your own money. However, you can try applying for a part-time job or work on a side hustle to generate an income. For example, you can take a job as a tutor to reinforce what you’ve learned, or perhaps you want to work a retail or restaurant job. The point here is to generate some money so you can have your freedom.
4. Take responsibility for your life.
Also, you should take advantage of this time and take responsibility for your financial situation. This can include getting a job, cooking your own meals, and investing in the stock market to start preparing yourself for your retirement.
5. Create a budget.
Lastly, if you’re making money while in school, chances are it can deplete pretty quickly. To prevent this from happening, it’s a good idea to track your expenses and make a budget. This will keep you on top of your spending habits and help you work on your short and long-term goals.
Even as a student, you can still take control of your financial life, and if you’re reading this, you’re likely going to succeed.
Instead, you can find refurbished ones for a fraction of the cost and with applied discounts. For instance, you can purchase refurbished electric devices from online shops like The Store.
In addition, every product sold is subject to a one-year warranty where the client gets free repairs within that year if their device stops working for X or Y reasons. So buying a refurbished machine like a tablet, iPad Pro, or iPad Air from The Store will guarantee you save money.
You may not think it’s not important you start working on this right now. However, building your credit history from an early age will demonstrate how responsible you are with money and will open many doors for you in the future.
Additionally, you must generate an income of at least $12,000 for eligibility for this Mastercard. If this is your first credit card, you want to know that to apply for it. You’ll need your personal information, such as legal name, date of birth, social security number, and address.
Thanks For Reading
More Read On Businessmodulehub
