Are you an Employer?    Attract the Best Candidates with Smart Job Postings!
Search Education Resumes
The Largest Collection of Jobs on Earth | EducationCrossing
Need Help? Call (800) 680-7345  

Job Seeker Login   Employer Login 

Job Seekers? Try it Now  

EDUCATION Jobs, Jobs in EDUCATION - EducationCrossing.com
Search Education Jobs
Browse Education Jobs
Post Education Jobs
Education Jobs >> Education Articles >> Education Career Feature >> Finance Tips for the Graduating High School Student
  • Education Career Feature

Finance Tips for the Graduating High School Student


It is fast, once you graduate from high school and attend college, you get tempted to keep credit cards, spending money and party with friends quite often. However, many of you fall into a debt trap that you cannot manage your finances well.

This is the same story with many high school students, when they suddenly get a taste of the newfound freedom and keep out long time with friends, splurge on the pub, and buy girlfriends or boyfriends gifts. If you plan your finances well, you will save yourself from debt and learn the secrets to save more. Here are some tips.

When it comes to money, planning plays an important role. Get help from elders to administrate your finances and advice when it comes to spending. Before you buy a credit card, understand how it works. Know methods of payment and the time allocated make the payment. In addition, it is good to not be greedy and have more than one credit card. When you pull your card make sure there is a real need. Try to use hard cash to the extent possible. Note also the time when you must make the payment without having to pay credit card company interest on outstanding loan amount. Not to be able to pay the credit card money you will earn a bad history that can spell big problems later.

It is good to know that you cannot spend more than the amount you receive as pocket money or wages. Spending more but what you get is a clear way to debt, unless your parents keep you out of it. It is good to put some amount in savings account, some products for the emergency, and then spend the amount. That save you from falling into debt, and would add money to your kitty.

Compose budget always helps. JOT down monthly expenses, the amount you can put in the bank, and amount you can spend. Try to stick to a budget unless an emergency comes up. To come up with a detailed budget, you can track expenses for a month and then come up with it. This will also help you realize if you have to spend more and in accordance with measures to cut down expenses.

If you intend to take a loan, make sure you use only for your college needs. Do not take a loan to spend on the rich non-essentials, as this will only get you in debt trap, making it difficult to get out. Before taking a loan, it is wise to involve their parents in the decision, so that there are no mistakes. Use only the amount of loans pay for their fees, books, fees and other costs associated with your education. Remember that you must pay the amount of interest on your loan and if you spend on stupid things, you simply invite trouble.

When you start saving and spending in the proper way, you will never have problems managing your finances. In this way, you can do more in the near future with its quantity stored, and would not have to worry about bad credit history. So, have fun and most well planned financial future now.




Popular tags:

 expenses  Budget Planning  parents  recreation  spending  high schools  payments  savings accounts  emergency  wages
Rate this article:

  
   
  printable version
  PDF version
  email to a friend
  add comments

Comments

article ID: 470404     http://www.educationcrossing.com/article/470404/Finance-Tips-for-the-Graduating-High-School-Student/

article title: Finance Tips for the Graduating High School Student
Comment not found for this article.
add comments

Related articles

 Home School Options For High School Students
 What are the things for High School Students to Remember?
 Graduation Announcement- Some tips for the graduate
 Miami Schools Expands And Prepares For The 2006-2007 School Year

Facebook comments:


You've Always Been in Charge: Now Take Charge of Your Education Career

As a hard-working and dependable natural leader, you have always worked hard to help those around you grow and become self-sufficient. We share your dedication to excellence, and to community service. Our mission is to research and consolidate jobs from every education career page, company and organization career page, and every other source we can find. Our dedicated staff of job researchers has no tolerance for inefficiency or incompetence. Like you, we understand the importance of giving people the tools to achieve success and that is why we want to make sure you know about every possible job opening in the education field.

In order to ensure that we bring you unbiased results and meet our own high standards, we will never accept any money from an advertiser for job postings. The job listings you see are the results of our own exhaustive research and will never be influenced by outside sources.

We give you the tools to pursue your career options in an ordered, structured and thorough manner.
Tell us where to send your access instructions:

Your Email:     
2013 Most Influential Education Recruiter Rankings
arrow 600+ prestigious recruiters across America ranked
arrow 60+ industries and professions scrutinized
arrow Comprehensive updated candid report
Get the ranking
total jobs
on EducationCrossing
183,606
new jobs this week
on EducationCrossing
37,138
total jobs
on EmploymentCrossing network available to our members
3,980,923
job type count
on EducationCrossing
(108,125)
(108,125)
(55,888)
(55,888)
(15,326)
(15,326)
(6,515)
top 5 job searches
jobs near you
International jobs
Work at home jobs
UK jobs
Canada jobs
New search feature using US map. click here

Looking for a new education job in your city? click here
today's featured job
6th Grade Science Teacher
United States-NC-Henderson

If you are passionate about social justice and student success and want to become a highly effective cla...



EDUCATION Click to Apply for - EducationCrossing.com
job search tip
Job Search myth: Good things come to those who wait. Probably not. Good things come to those who initiate. Don't sit around and expect a job to come to you. Make it happen- now!

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.