Going off to university or college is a time filled with excitement and challenge. Almost everything being experienced is new, from the people you interact with to the jobs you have to do for yourself. With most students struggling with cooking alone, heavier subjects like finance are often ignored, and this is a shame. To help you out, this post will be your guide to first-time finance.
Your Budget: When you’re relying on student loans and grants to cover your living costs, you will have to be very careful with the amount you’re spending. To make this easier, there are two areas to consider, and you can find them both below.
Making Ends Meet: When you’re waiting between a grant or have a large bill to pay, it can be hard to find the money to survive while also getting things done. To help you with this, options like credit cards for no credit customers can be perfect for a student. While giving you access to some money to borrow, your status as a new client will limit the amount you can borrow massively. This makes it nice and safe for those concerned about overspending on a card with heavy interest charges.
Making Something Extra: Along with borrowing money to make ends meet, you could also consider the idea of trying to make some money on the side. If you’re studying towards a skill like graphic design or accounting, you will have the resources to sell your time to make some money on the side. You can expect to make as much as a professional in the field, but a little extra will make a big difference to your money. For those not working on a skill, there are still options, and a regular part-time job could be a great way to spend your time during holidays.
With all of this in mind, you will find it nice and easy to get starting in the world of finance. There are still jobs to do, like making your bank account into a student account and finding a place to live. But, of course, you have plenty of places to go for help, and a lot of it will be done for you.