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How will I avoid debt?

I'm planning on majoring in computer science and while I know this is a growing field and it pays well, I want to take as many measures as possible so I am not in debt when I'm older.

#money #success #student-debt

Thank you comment icon Donot spend more than the money that you make. NISSIDA SCHATZ

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Subject: Career question for you

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Angelina’s Answer

Honestly I worked two to three jobs while going to school full-time and I still have debt. Sometimes it’s unavoidable. But do try to work if your schedule allows and keep an eye out on your schools website for as many scholarships that you can apply to.

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Amy’s Answer

Taylor,

You are taking the first step by recognizing that you need a plan now to avoid a lifetime of debt. The first step is to set a budget and live within that budget. Put it on paper or use an app on your phone to track your spending. This will help you get an idea of where your money is going and where you might need to adjust your spending habits.

If paying for school is part of your concern, research your options for biggest bang for your buck. Look for schools that may not be the highest profile, but offer the same level of education at a lower cost. Are there community colleges where you can take your basics and then transfer to a University to get your BA/BS? Research which schools offer scholarships and what you need to do to be eligible. Not all scholarships are for academics. If you have to take out loans, be clear about what that money is for, and use it wisely.

Finally, I would highly recommend getting financial advice from an expert and starting financial planning as soon as you have a job. This includes things like taking advantage of company match programs for 401K savings etc. The longer you have time to save, the more you will have in the future. This also helps you build good financial habits that will last you a lifetime.
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