4 Key Budgetary Tips For Undergrads

There is a new article in the New York Times about a college in Vermont which requires its undergrads to complete a set of “financial sophistication” seminars.  In the discussion of this topic, some key money management tips have come up for college students.

  1. If possible, pay more than the minimum payment on your credit card
  2. Multiple credit cards are never better than a single one
  3. Avoid cards from department stores at all costs
  4. Begin putting money into an IRA or Roth IRA as early as possible
  5. If student car loans are needed, make sure you go with a reputable lender who offers fair APR