Finance Tips For the College Freshman

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First-Year College Prep 

Your first year in high school is a great time to start planning for college. It might sound like overkill, but selecting a class schedule geared specifically toward college preparation can really assist you lay a firm foundation for success. An example: There are many subjects colleges will demand you to study all year of high school, including English, math, history, science, and even a foreign language. So the first year, or first two years of college, should be spent getting ready to take the SAT or ACT so you have an aptitude for that type of test.

The next two years should be devoted to filling college classes with a variety of electives. The elective classes you take should be classes you enjoy and are interested in, not ones that are mandatory or “must learn.” For example, if you are interested in studying Spanish, you could choose to take classes in the Spanish language, reading and writing, and even foreign language. The topics and courses you choose should be ones you will take seriously and want to pursue long-term. You’ll be surprised how many students attend college without giving any serious thought to the topics they chose.

After you’ve taken your first two years of college and your first major is complete, it’s time to get involved. Many students leave their first two years of college without doing any extracurricular activities or courses at all. They then go on to complete their four-year degree without developing any real skills other than a basic knowledge of college life. This doesn’t demonstrate leadership qualities, it shows lack of interest in those topics and the rest of college.

As a high school student, you probably had some real interests outside of school that you were able to take part in. Now is the time to do something for your community or country besides going to class. Your community and country won’t develop unless you take part in student activities while you’re in college. These activities can range from participating in clubs, volunteering at a museum, learning a second language, playing sports, or joining an organization.

When you first enter a college, you may have some real challenges ahead of you. Some colleges may even have a work study program that will allow you to be involved in a work-study program that is separate from your classes. This can be a great benefit as many students don’t have time during their high school to be a full-time student. Many colleges also have extracurricular programs in which students can participate. It’s important to consider whether any of these might be valuable to you and whether they fit in to your current schedule and your future goals.

Most high schools offer opportunities for students to prepare for their college years by offering work study programs or extracurricular activities. Many of these programs will allow you to choose what you would like to do, whether it is volunteer work or something around school that has a certain focus.

Finance Tips For The College Freshman

If you’re a new college student and you want to make sure you have enough money to live on until you graduate, then here are a few finance tips for college freshmen you can use. It’s a good idea for anyone to make a budget and stick to it. However, just remember that these are just some ideas and you should always consult a financial planner if you have any questions about how to handle your money.

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Pay Attention to Interest Rates

One of the most important finance tips for college freshmen is to get good interest rates on student loans and other forms of borrowing. The best rates usually apply to un subsidized loans, which are made up of a Stafford or Perkins loan, and a PLUS loan, which is a loan taken out by a parent. If you don’t have a personal net worth to speak of yet, then you will be very limited in what you can borrow. However, there are several things you can do to improve your credit. Start by getting a credit card, and then work on building up your credit as you go.

Save Money

Another important personal finance tip for college freshmen is to save as much money as you can. This includes investments, car payments, and all manner of other things, because the more money you have in savings, the better off your credit score will be. The last thing you want to do is to let your credit score drop because you didn’t have the money to pay for college. having a roommate is a great way to save some money in college and you can split costs on common expenses like rent, food, electric providers, internet, etc

Invest in Yourself

Whether you’re planning on attending college or not, this is a great way to both invest in yourself and learn more about managing your finances. By doing this early on in your life, you can set goals for yourself as you get older. These goals will guide you as you go through life and will serve as a constant reminder to stay on track with your finances. There is really no substitute for having a financial goal when it comes to your finances.

Get Smart About Insurance

Probably the most important personal finance tip for college freshmen is to get smart about insurance. Not only does insurance play an important role in covering medical expenses in case of injury, but it can also cover many other costs as well. Just about any policy you buy today can give you a good price tomorrow. In fact, many insurance companies now give a coupon credit that can save you money. This is another great way to stay on top of your bills and finances. When you are smart about your finances, it becomes much easier to avoid financial emergencies in the future.

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