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How can I best plan for financial success throughout my time in college?
I am staying in-state for college, but want to be prepared for financial independence upon earning my Bachelor's.
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Nikhil’s Answer
Hi Brenne,
Financial independence is a great goal to have! I recommend the three steps below to get you started:
1. Budgeting and an Emergency Fund: Start by tracking your expenses and setting a clear budget. Aim to save a small amount each month to build an emergency fund—having even three months’ worth of essential expenses saved can be a lifesaver.
2. Pursue Internships: Gain work experience while in college. These opportunities not only add to your resume but can also provide income to support savings or pay off small debts.
3. Learn Basic Financial Skills: Educate yourself on personal finance topics like taxes, credit, investing, and retirement planning. Small efforts now will set you up for long-term success!
Hope that helped!
Financial independence is a great goal to have! I recommend the three steps below to get you started:
1. Budgeting and an Emergency Fund: Start by tracking your expenses and setting a clear budget. Aim to save a small amount each month to build an emergency fund—having even three months’ worth of essential expenses saved can be a lifesaver.
2. Pursue Internships: Gain work experience while in college. These opportunities not only add to your resume but can also provide income to support savings or pay off small debts.
3. Learn Basic Financial Skills: Educate yourself on personal finance topics like taxes, credit, investing, and retirement planning. Small efforts now will set you up for long-term success!
Hope that helped!