Money Management: College Student Edition

College students are often navigating the “real world” for the first time in their lives, so understanding smart money management is pivotal to survival. Having this skill is key in learning how to keep themselves afloat, as well as in preparing for their future. Talking to your college student about how to handle finances is one of the most important conversations you’ll have with them. However, if you find it difficult to open the door to this topic, you can get help at your credit union in Texas. They are another constructive avenue to take in educating your college-age student about managing their money throughout college.

Credit Card Concession

·         Credit cards can come in handy in the middle of an emergency, but they need to be utilized responsibly. Break the ice with your college student and discuss if they’re keeping up with payments on time, and about the frequency of their usage. Understanding how credit cards are meant to function is always of great importance. Texas credit unions can also show your student ways to manage money wisely, even while using their credit cards.

Coupons, Coupons, Coupons

·         Couponing is not just for soccer moms; anyone can benefit from them! Share your couponing resources with your student and show them just how useful they can be. In this modern age, coupons can also conveniently be clipped digitally! They can save a lot of money by only taking a few minutes to clip or click away.

Savvy Student Discounts

·         Help your student scope out local stores and retailers that will provide and honor student discounts. Search together and find out if there are any mobile apps where coupons and discounts can be obtained online, specifically for college-age students.

Financial literacy is a necessary component of everyday life. It is crucial for everyone to possess, especially for those who are just gaining their footing in the world. Don’t be afraid to communicate with your college student in various ways; be sure to keep them abreast of any ways to save that you can find.

Discuss the benefits of them becoming a member of your credit union to take advantage of low interest rates, great savings plans and getting help from a member services representative to guide them through the process. Knowing how to locate and implement these financial strategies on their own will propel them into a prosperous and successful future.

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