Being a student can be somewhat of a struggle. You’ll usually have a lot on your plate academically, as well as having to deal with being broke most of the time. Here, we’re going to talk about a few smart money moves that students can take, helping you to feel a little more stable and setting you up for a better future.

1. Avoid Credit Cards

You may not be able to avoid using credit cards as a student, as sometimes life can get on top of you. However, you should never charge more on a credit card than you are able to pay off the same month. Using it poorly can create a credit history that you really don’t want to have, and that’s before you’ve even left school.

If you do find yourself having to rely on credit cards a lot, make sure you only use them when absolutely necessary, and use as much money as you can to pay them off when you get it. You want to keep the interest payments low so they are not even harder to pay off in the long run.

2. Try To Keep Some Money In The Bank

Keeping a little emergency fund can be tough, but it can make a huge difference to your lifestyle as a student. It can help you when your laptop breaks or perhaps, when you need to take an emergency trip home. Save money from birthdays, Christmas, and try to put a portion away if you have a side job, too. Make sure you actually have the right bank account for you too, Green Dot reviews can help you. The right bank account will ensure your money is well looked after, that you get interest, and that you can handle your finances easily.

3. Find A Job

If you haven’t already, find a job. Whether it’s bar work or work as a brand advocate, don’t be shy. You may have to do a job that you find embarrassing, but that’s all part of being a student. Perhaps you could try making money online by becoming an affiliate or using other passive income techniques – this is a great idea if you don’t want to spend time working, but may take a while for you to make a decent amount of money.

3. Have A Financial Planner That You Update Regularly

Make sure you have a financial planner and update it regularly. Include your phone bill and any other relevant outgoings. Make sure you do what you can to bring down your expenses, such as call your service provider when it’s time to upgrade to negotiate a better deal.

4. Only Make Smart Purchases

When spending money, make sure your purchases are smart. As a student, all of your purchases should be useful. You should also look at buying them second hand or refurbished before brand new.

5. Get Into The Habit Of Selling Your Old Stuff

Sell your old stuff and you may be able to make some extra cash as you focus on your education. It’s better for the environment too!

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