Set Yourself Up For Success – Get Your Financial Basics Covered

It’s worth taking the time to make sure you’ve got your financial plan for the year covered!

Once school starts it’s going to get busy fast. That’s why it’s worth taking the time to make sure you’ve got your financial plan for the year covered. Start by making sure you’ve covered these simple basics.

Figure out what it’s really going to cost

Budget planning may not seem like a fun summer activity – but it’s something that can make all the difference once the school year starts. And it doesn’t have to be that difficult or complicated.

1. Start by figuring out what all your costs are going to be
Don’t just think about the big things like tuition and books. Think about all the little things that you have maybe never had to pay for before. Like that morning coffee, or public transportation, or clothing and entertainment. It all adds up fast if you aren’t prepared for it.

Where will you live? If you’re planning to live in residence, find out what is covered and what isn’t. If you’re living at home make sure you know exactly what transportation costs you’ll encounter. If you’re living off-campus make sure you know all the costs (rent, utilities, etc.) as well as what you’ll need to plan for food and transportation.

Read the rest of our financial basics here.