Personal Finance
Better Finances for a Better You
Topic: "Personal finance topics for college students"
← Curating the web to find the most interesting and helpful
information about your money.
Word of the week
Pay Yourself First Budget
The "pay yourself first" method is a strategy that emphasizes saving and investing before addressing other financial obligations.
Pay Yourself First →Investing
How to Invest on a Shoestring Budget by Barclay Palmer
Even when money is tight, you can find ways to start setting aside small amounts and investing them, taking advantage of compound interest throughout your lifetime.
If you would like to invest but think you don't have the money, think again →Budgeting
You might be wondering how much you should spend within each of your budget categories. Unfortunately, there is no right amount to spend in any category for every individual. It's up to you to decide what works for you. There are a variety of philosophies about the best way to budget.
Popular Budgeting Strategies from Financial Wellness @ Penn →Budgeting
23 New Habits Frugal People Are Starting For 2025 by Megan Liscomb
The new year can be a great time to commit to a new habit →Word of the week
Financial Wellness
Financial wellness refers to your relationship with money and how it affects your life. Both your financial management skills and mindset are equally important as your income. Achieving financial wellness involves reducing ongoing financial stress. It means understanding your financial situation and having a solid strategy to manage it effectively. By prioritizing your overall wellbeing and striving for financial wellness, you can create a more balanced and fulfilling life.
Read more about why is financial wellness important for our overall health →Did you know?
The average U.S. federal student loan debt is $37,853 per borrower. Outstanding private student loan debt totals $128.8 billion.
Average Student Loan Debt by State →Word of the week
Student Loan
A student loan is a sum of money borrowed to cover the costs of post-secondary education, including college expenses and other related costs. The primary purpose of student loans is to finance living expenses, books and supplies, and tuition while the borrower is pursuing a degree. Loan payments are often deferred during the time the student is in college and for several months after graduation.
Explore different types of scholarships →Budgeting
5 budgeting tips for college students that can help set you up for financial success by Alexandria White
Creating a budget while in college is a great way to track spending and take control of your finances →Budgeting
As you prepare to settle at your home away from home, it’s vital to estimate the costs you’ll incur beyond tuition to avoid any surprises
First-year college costs to prepare for beyond tuition by Hanneh Bareham →Infographic of the week
Financial Literacy 101: What Every College Student Needs to Know by StudyCorgi
StudiCorgi has put together a list of practical strategies to help college students become more financially savvy and develop a healthy money mindset that lasts well beyond their college years. Their visual guide outlines the benefits of financial literacy and the key principles that will enable young adults to manage their finances effectively.
Benefits of financial literacy for college students →Saving
5 Best Savings Tips From Money Experts To Kick Off 2025 Right by Chris Adam
If you’ve decided to make 2025 the year of savings, there are a few steps to take first whether you are looking to improve your finances, save for a big purchase or plan for retirement →Budgeting
8 Tips To Help You Control Holiday Spending by Reyna Gobel
Use these eight practical tips to ensure you stay on budget for the new year, rather than getting wrapped up in holiday spending →Budgeting
Creating a budget may seem like a daunting task, but it doesn’t have to be. Learn about the tools and techniques that can help simplify budgeting and help you reach your financial goals.
Options for people who don’t like to budget →Serious stuff
Making financial decisions – including around budgeting, taking out loans or investing – can be daunting, and many college students feel ill-equipped to do so.
Financial Literacy: What College Students Need to Know by Sarah Wood →Investing
New Investors: Avoid These 3 Harmful Cognitive Biases For Success by Tony Dong, MSc, CETF®
1. Herding / FOMO 2. Confirmation / Overconfidence 3. Recency / Survivorship
Understanding these investing biases can help you avoid them on your way to becoming a successful investor. →Did you know?
According to the national average of searches, student loans are the most Googled financial topic, with 2,441,000 searches on average across the US.
The most googled financial topics by state →Budgeting
Budgets are the building blocks of financial stability
- Automate bill payments
- Create a “wants list” to curb overspending
- Use cash or a debit card for your problem spending areas
- Sock away funds for emergencies
- Get realistic with sinking funds
- Save on homeowners and auto insurance
- Gulp your daily “budget smoothie”
- Budget with your partner
- Use a free budgeting app like Neontra
Budgeting
5 budgeting tips for college students that can help set you up for financial success by Alexandria White
Creating a budget while in college is a great way to track spending and take control of your finances →Saving
Our consumer culture pressures many of us to live above our means. The good news is that making a personal and household commitment to a more frugal lifestyle can be a fulfilling, healthy choice and can save you a lot of money.
65 Tips to Save Money Through Self-Reliance By Kale Roberts →Saving
The money-saving tips and tricks I’ve learned while living single learned while living single By Sadaf Ahsan
Image by Freepik - Here’s how a young adult can beat the high cost of living on their own →Budgeting
5 common credit mistakes you should avoid in your 20s by Megan DeMatteo 1) Spending without a plan 2) Using debit over credit 3) Waiting to establish credit 4) Not understanding key terms 5) Getting store cards on a whim
It can be hard to get your finances together in your 20s, find some helpful tips here →Infographic of the week
Ranked: Median Student Debt for a U.S. College Degree
According to the Federal Reserve, student loans added up to $1.6 trillion in Q2 2023, making them the third largest category of U.S. household debt behind auto loans ($1.8 trillion) and mortgages ($12 trillion).
The Visual Capitalist ranks student debt by U.S. college degrees →Budgeting
While you would be forgiven for being nose-deep in your books, it’s time to take a minute to reflect on how you’re managing your money. Do you have a budget? Or are you spending on the go?
21 money-saving tips and tricks for students →Investing
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