Money for College Students

Enrolling in college is one of the most exciting and yet terrifying times of your life; Graduating from high school and becoming a freshman at college. One of the most stressful things at this time is worrying about funding your education.

The IRS offer 5 ways to offset education costs. They offer varying levels of Tax Credits, see this link: http://www.irs.gov/newsroom/article/0,,id=107670,00.html

There are other ways and means to aid you on your journey; Scholarships, Cashback Sites, Federal Student Aid (if you don’t ask, you don’t get) and a good Personal Finance Software application.

Now is the time to stand on your own two feet and learn how to balance the books. All you need to do is find a good home budgeting application where you can enter all your income, expenses and then have the ability to set a budget for all of these.

Let’s not kid ourselves, you’re not likely to leave college as a senior without a certain amount of debt, but recognising this early and staying in control is the key to keeping this to a minimum.

Ever wondered where all your money goes? Entering all your information into an application will give you an instant snapshot of how your money is being spent. Build your chart of accounts to reflect your lifestyle. Creating an expense account called Books will show you exactly how much money you have spent on your literature and books. All you need to do is post the transactions to the appropriate account. All this can be done in just a couple of keystrokes in a good application. Once you can see how much you are spending in certain areas of your life, you can then make an informed decision and find a way to reduce this.

Money for College Students
Working part time through your education will not only prepare you for later life but will give you that extra income for the necessities and the social life that comes with college. Simply budget for extra beer money at spring break!

Give the Home Accountz 2012 free trial a go for 30 days and see what a difference being in control can make: http://accountz.us.com/home-accountz-30-day-free-trial/