When you’re headed off to college, there’s a whole lot to learn. This is particularly true in the world of finances. For the first time, you’ll be responsible for some big bills and for managing your own cash flow. We’ve put together 40 Money Management Tips Every College Student Should Know to get you started.
How you and your child spend college savings depends on how much you've saved and the type of account. Maximize 529 money by spending strategically.
To know if it's better for your child to live on or off campus, consider factors such as meal plans, renter's insurance, transportation and roommates.
Make a plan to save for your child's college and know options including 529 college savings, prepaid tuition options and Coverdell accounts.
For college students, money management can be tricky. Help kids track spending and manage student debt before college and when they're away at school.
Parents, plan for your child's college costs. Compare health and car insurance, have an emergency savings plan and beware when co-signing on debts.
Plan for college tuition and cut expenses with alternatives such as textbook rentals. Update FAFSA when incomes or the family situation changes.