Money Management Financial Aid and Other Things College Students Should Know About

Upon entering college I immediately realized that there were many things I needed to know that mom and dad never taught me. I am certain that there are thousands of other college students out there that were in that exact same situation I was in. While I’m certainly not your mother, I trust that you will benefit greatly from what I’m about to tell you.

Everything students ought to know before enrolling in college simply can’t be covered in an article such as this one, but I will give an overview of a few important things including money management, obtaining financial aid, cooking, and time management.

Managing Your Money:

These are my three tips for managing your money.

1- Create your budget. I know it’s hard in the beginning but it will really reduce financial tension. If you do not know how to create a budget, explore the internet or ask your friends or parents.

2- Never spend more than you make. If you’re spending more than you are earning you have two options: increase your income or decrease your expenses. There are hundreds of ways to decrease your expenses.

3- Pay your bills on time. Just do it. Don’t get into more debt than you have to.

Obtaining Financial Aid:

Scholarships, grants and loans are you finance options. Scholarships can be found at the school you are planning to attend, online, through groups, businesses, and churches.

Most people get grants from the government. To do this, you are required to complete a Free Application for Federal Student Aid (FAFSA). Fill out this application on the internet or in your financial aid office.

There are two types of student loans: Federal and alternative student loans. The Stafford, Perkins, and Parent PLUS loans are a few examples of Federal loans. Private loans can be taken out through your bank or other financial institutions.


You don’t have to be a chef to be able to cook. You can find an abundance of easy recipes in books that were written specifically for college students. Consider acquiring one of these recipe books.

If you don’t want to pull out the cook book all you need to do is look at the food you have, choose items that would taste good together, and toss them into a pot or frying pan. Use meat, noodles, or rice as your base and then add vegetables.

Managing Your Time:

Time is precious, manage it wisely. Here are some of my time management tips:

1. Prioritize- As long as you get the really important things done, nothing else matters.

2. Schedule- Each person needs an individual schedule that matches them. Try out different schedules to determine what works best for you..

3. Follow the Schedule- If you�re in class, BE in class. Don’t dose off or daydream. If the teacher gets off topic, do your homework from another class. If it is time to study, study. Don’t go to the library for an hour just to end up gazing out the window for forty five minutes. When it is time to relax, relax. Do what you need to do when you need to do it.

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