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Wenatchee World

$1.25

Friday, February 12, 2016

Vol XCIII, No. 311

Bank Accounts

  • Roth IRA (Retire ment Account)
  • Save 10% (check is $300 you'd save $30)
  • Mutual funds (Alot safer than individual funds)

COMPOUND INTEREST

How to save money as a college student

Debt is rapidly rising

Spice up your dinner at home

  • Did you know that less than 20% of college students are able to complete college education without some sort of college debt?

  • The average debt for a student attending a 4 year college or university?It’s $26,000

  • Money is crawling out of your pocket left and right wether is be the apartment bill, tuition, phone ect.

  • Spending $20 on a meal could get you more bang for your buck in a grocery store that could last you x3 longer or more!

  • Pick up your phone go on pintrest or youtube and check out a cool meal, call grandma or mom for your favorite meal recipe.

Think of all the hundreds, if not thousands of dollars you could have saved by now, let today be the day you start .

Recap

Pay yourself first

Top 3 ways to save money as a college student;

  • Set up bank accounts (Roth IRA, savings)
  • Learn to cook (Don't eat out as much)
  • Be wise with your money(pay yourself first)
  • Bills come first

tip: set envelopes aside with the bill name and amount and fill it with that money then seal it.

ex: tuition;$500 , groceries;$100 ,

rent;$800

  • Have some money set aside for you
  • The rest can be transfered to your Roth IRA, savings,ect.(Incase of emergency you have back up money)
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