Money saving tips for college students

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CollegeGradwithCash.jpgEntering the job market for the first time is daunting for college students, let alone attempting it in a recession. But young, relatively inexperienced workers have the most to gain and the least to lose, says Farnoosh Torabi, a financial whiz who is not long out of college herself.

College students, even those with student loans, are in a "great space to learn this because they don't have a mortgage, kids, a lot of the obligations," Farnoosh said.

She advised students to:

  • Think creatively and take risks.
  • Pass up a big salary for opportunities that will make you more competitive in the future, like an internship, a skills class, or an extra job that gives you great experience.

  • Think aggressively about protecting your assets.
  • Don't be afraid to learn how to invest in the stock market.
  • Talk to others about money. Parents and family are a great source of advice and feedback.

  • Seek out bank accounts that fit your needs, like no fees and a low minimum balance, on . She is a financial expert on the TLC show Real Simple, Real Life. Thanks, Farnoosh!

1 Comments

So_Cal_Retail_Slut Author Profile Page said:

Here's a tip:

Don't fall for all the credit card marketing offers that hit you from every direction on campus before you even have your degree in hand.

Gotta love it as the credit card marketeers love to pummel students with the come-ons with inserts in their book bags at the bookstore, tabletop displays around campus, flyers and applications attached to billboards, car windshields and my favorite, the student association pushing their favored credit card because it supposedly helps the college! Give me a break.

No wonder so many students have fallen into the credit card debt trap, as many have run up their credit card bills, with often times no real ability to repay.

So many students graduate college with student loans and hefty credit card bills with interest that need to be paid.

What did the banks need a bailout for? They are making "bank" on the backs of college students. LOL

SO_CAL_RETAIL_SLUT

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About The Bargain Hunter


Daily News staff writer Julia Scott loves to find bargains on everything from groceries to Gucci. Her tips will help keep your hard earned cash where it belongs - in your pocket.
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This page contains a single entry by Julia Scott published on December 10, 2008 10:13 AM.

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