40 College Money Tips

If you’re a college kid and just starting out in the first phase of the real world, here are 40 money tips for college students that will give you a head start versus your peers. While you won’t have a lot of money, it’s always important to lay down a solid foundation.

Remember this, the most important of all the tips:

Money Tip To Rule All Other Tips
Graduate college with as little debt as you can. If you follow this one tip and ignore all others, you will find yourself ahead of the pack by far. For many, myself included, this means graduating with some student loan debt (I had and still have over $20k in student loans) but that’s OK. Avoid credit card debt at all costs.

Consider this, if you owe $1,000 to your credit card at 18.90% interest, you will pay $211 in interest over the course of 25 months if you make only the minimum payment of $50 (typical minimum payments are 5% of the balance). It may not seem like a lot right now but it’s a significant drag on your finances. You don’t want to be paying for a six pack of beer for the next two years.

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