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Managing your money in college is tough. There are so many books to buy, so many concerts to see, and so many drinks... to drink. But you don't want to graduate buried in debt, right? We didn't think so. Here's ten tips on how to manage your money so Louie the Fish doesn't have to break your kneecaps.
1. Keep an eye on it
Try checking your money for at least four weeks and find out where you are spending it. Sometimes we spend way too much on little things that we don't notice and go overboard. When you know where your money is going, it's easier to figure out where you can cut back and save some of it.
2. Start Planning
The best way to manage your money is to make a simple budget. List all your expenses from dorm payments and loans to a single bus fare. See how much you spend, and decide if you could be spending less in any category. Then plan your expenditures for the future and stick to the plan!
3. Allocate money for fun
Saving money doesn't mean you have to deprive yourself of fun. Buy music, Starbucks, video games, but just make sure you budget it out and don't go overboard.
4. Pace yourself
Some students tends to spend cash right when they get it. Just because you just got paid doesn't mean you should run out and buy a plasma screen. Make sure you have some money at the end of the semester so you don't have to give your parents construction paper dolls for Christmas... again.
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