03.04.13 | 5 Easy Ways for Students to Save
Developing good saving habits starts when you’re young, but many students don’t know where to begin. While we know it can be tough to save money when college expenses keep growing, every little bit helps.
1. Automate your Saving
If you receive a regular paycheck from a part-time or on-campus job, see if you can allocate a portion to automatically deposit in a savings account. It doesn’t have to be a lot, but by putting a little bit away into a separate account, you’re more likely not to spend it and can even earn interest on the savings.
2. Use your Tax Refund Wisely
Did you just get your tax refund or are you patiently awaiting its arrival? It might be tempting to spend all of the “extra” money right away, but don’t! Put it directly into your savings account to build interest for when you really need it. That doesn’t mean don’t treat yourself to something nice, just keep it reasonable.