College Connect: My tips for money management

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image1By Joseph Steen

Having money is one thing, but being able to handle it wisely is another. I’ve had both good and bad experiences and will try to give you tips on how to handle your money better.

The first thing to do is always carry cash. This discourages you from using your debit/credit card as much and makes purchases seem more real than swiping a piece of plastic. I’ve at times looked at my bank account and wondered why it was a lot less than I thought it would be. My credit card was the culprit.  

The second way to manage your money better is with a budget. It maps out what your expenses are and how much you have spent. It also helps you realize what you’re spending money on and therefore curbs spending habits and allows you to put money toward things that are more necessary than others.

Looking for deals and sales is a very good way to save money. So many times people buy specific brands of items when others are on sale and cost less because that is their normal routine. Using coupons or waiting for certain dates to purchase items are always a great idea because it’s less money coming out of your pocket. The last thing I would suggest is to start saving money as early as possible.

I have usually deposited half of my paycheck into my account and, while not a lot, it felt good knowing that at least I hadn’t spent it in the wrong place.

Joseph Steen is a student at Arizona State University 

SABEW - Walter Cronkite School of Journalism and Mass Communication,
Arizona State University

555 North Central Ave, Suite 406 E, Phoenix, AZ 85004-1248


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