I’ll pay it off…when?

Image courtesy of imagerymajestic  / FreeDigitalPhotos.net

Image courtesy of imagerymajestic
/ FreeDigitalPhotos.net

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Classes have begun…

tuition and fees are paid…

for now.

A little financial foresight will save you time, stress and money now and into the future.

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Use the following tips to help you protect your financial future.

 1. Estimate all of your remaining expenses for the year and decide what month the funds will be needed.

  • Keep in mind that you will need to stretch any financial aid.
  • Plan to save for your living expenses, but do not forget to plan for some fun things as well.
  • Be specific and honest. Don’t play the fool. Making careful decisions now will save you a lot of time and frustration after graduation.

2.  Analyze your financial resources

  • Plan to work. That experience is invaluable and will reduce the need for excessive financial aid.

3. Set up a savings account

  • If you have extra financial aid after tuition and fees are paid, set it aside.
  • Withdraw wisely to make excess last throughout the semester.
  • Consider taking out a fixed amount each month to help you with your bills. (we’re not talking Saturday-night-out bills…)
  • Contact us for more tips on how to craft a spending plan.

4. Use credit wisely

  • Credit cards are not free money.
  • Good credit is something you earn by being responsible; you are not entitled to it!
  • Decisions you make now regarding the use or abuse of credit could limit your options after you graduate. Poor credit can affect your ability to land that dream job, buy a car, rent an apartment, or purchase a home.
  • Don’t rely on the old adage, “I’ll pay it off after I graduate and get a job.” It may not be possible for you to pay off your debt on that starting salary. So, think twice before you charge.

Remember: we’re here to answer any questions you have along the way. Contact us at 888-258-2227 or cccs@LssSD.org.

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