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What suggestions do you have for managing my finances while I am away at college ?
I have a bank account with a debit card.
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3 answers
Updated
Joy’s Answer
Saving money is going to help later down the road like an emergency fund and safety net in case you need to get work done on your car or something like that you will have it in your account. Don't spend money unless it's necessary. Because lots of people don't have anything for an emergency. You will thank yourself later. Making good choices will help you navigate college and your career.
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Douglas’s Answer
Congratulations on starting college! It's an exciting time, but it's important to manage your money well to avoid financial stress after graduation. Think of your money as something you need to take care of. Try to spend less than you earn and be smart with your money. Avoid high-interest credit card debt, and remember that waiting to buy things you want requires discipline, but it's possible. Create a budget and stick to it.
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Ramya’s Answer
Consider setting up an emergency fund by saving around 30% of your income if you can. Imagine if you receive $10 each month; by saving for just three months, you'll have a larger amount plus some interest. It’s a great way to watch your savings grow instead of spending it right away.