Your professional education is one of the most important stages of your life in terms of preparing for job skills in whatever your preference, such as engineering, human sciences, health sciences, etc.
Control your expenses with these 5 financial and loan tips for college students.
Being the university, in addition, a time of preparation and complete dedication, the economic problems will always be stalking your portfolio, fortnight or monthly pantry. That’s why you as a university student, we invite you to read these 5 financial tips to manage and make your money pay more.
1. Plan and categorize your monthly expenses
Make a small list of all your fixed expenses with their respective category, top of money, days of payment, etc. For example, the cost of tuition, gasoline, your monthly cell phone rent, meals away from home, stationery.
With this you can manage in a responsible way the money that is necessary for the continuation of your studies. Remember that graduating from the university is also graduating in economic independence and control of finances.
2. Loan or rent your educational material
Books of up to 1,000 pesos? Architectural materials of almost 600 pesos? We know the importance of educational material in whatever your university career. But sometimes our budget does not allow us to have our own things. We recommend you to be aware and loan or rent with friends from other generations, library or digital systems for used books, materials such as squares, scrapbooks, software (this with student licenses that the same university can grant you, NO to piracy) etc.
3. Plan your vacations and fun
Do you live in the city and do you like to go out every weekend or on holiday? Are you a foreigner and travel every weekend because you miss your hometown?
Having fun and going out is not bad but you should be careful with all the activities that have this category, since they are the ones that are most reflected in the last few days of the fortnight when you do not have money for other important expenses. Be prudent and administer all your outings of antrum, cinema, restaurants with friends, concerts, bars or vacations according to your monthly budget. We assure you that if you manage a cap on how much money you can spend per exit, you will have more options during the month for your fun.
4. Get ready with a savings or afore fund
If you work half a shift or during summer vacations, you take advantage of the time to take care of a job, you must start thinking about your retirement fund, called Afore. According to the survey “Savings and Future: How do university students think?” By the Mexican Association only 4 of 10 young people have thought about their future retirement.
That is why we recommend you start planning and find the best institution of your choice to start with this future savings.
5. Pay your personal credits on time
If among your finances you make purchases with personal loans such as clothes, department stores, banking, automotive, etc. Always try to have your debts and payments controlled, in order not to generate interest that may affect your monthly spending plan and your credit history.