| All too often people make the mistake of | | | | such an account you know it will be |
| thinking that they are capable of | | | | there any time you need it. |
| handling their own finances without any | | | | 2. You should always pay off credit |
| worries at all. However, in most cases | | | | cards that have the highest interest |
| people learn rather quickly they cannot | | | | rates first. While doing this you can |
| handle their own finances without help | | | | continue to make the minimum payment on |
| or assistance from anyone else. However, | | | | the card that has lower interest rate |
| with some simple tips and advice people | | | | while paying a little more each month on |
| can now be assured that they can handle | | | | the higher card. |
| their personal finances quite easily. | | | | 3. If you are not sure where you are |
| College students are usually the worst | | | | spending all of your money then it might |
| people at managing their money and they | | | | be a good idea to start keeping a diary |
| need the most assistance. Some college | | | | of some sort where you record your |
| students are away from home for the | | | | spending each day. You should record |
| first time and they are eager to start | | | | everything that you spend than at the |
| spending their money on the various | | | | end of the week or month you can sit and |
| things that they want. Here are some | | | | determine where you spend the most money |
| tips that can help these people handle | | | | and if there are any areas that you can |
| their money better and make it last | | | | cut out. |
| longer. When you are in college it is | | | | 4. While you are trying to save money |
| very important to make your money | | | | people sometimes make the mistake of |
| stretch as far as it can. | | | | thinking that charging things to a |
| There are some simple rules to personal | | | | credit card will help them save. This is |
| finance that are intended to help and if | | | | completely wrong. If you want to save |
| used correctly they will lead you on | | | | money then you need to stop charging and |
| your way to financial comfort and | | | | pay cash whenever you can. The cash may |
| freedom. | | | | be gone but you don't have to worry |
| 1. You should always put money away for | | | | about making continuous monthly |
| an emergency. The recommended amount of | | | | payments. |
| time that you should save money is | | | | 5. Avoid pressure to spend money. IF you |
| anywhere between six months to a year. | | | | do not want to spend the money then |
| This should be put into an account in | | | | don't. That is the simplest of all |
| which you cannot withdraw money for a | | | | rules. Do not let others pressure you |
| specified amount of time or for a | | | | into spending money unnecessarily. |
| specific reason. By having the money in | | | | |