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3 Ways College Students can Prepare Financially for the Second Semester

3 Ways College Students can Prepare Financially for the Second Semester

As a college student, there’s no better feeling than putting the first semester of the school year in the past.

While there’s nothing wrong with enjoying your winter break, it goes without saying that the second semester will arrive sooner rather than later.

Are you financially prepared for everything the second half of the year will bring? Here are three ways to ensure that you’re on the right track when this time of the year rolls around:

1. Review the First Semester

How did things play out during the first semester in regards to your budget? Did you spend more than you wanted? Were you able to save in some key areas?

Once you review your finances during the first semester, you’ll have a better idea of what you can change in the months to come.

2. Make Money During the Break

Winter break is a great time to relax and spend time with friends and family. That said, it’s also one of the best times of the year to take a part-time job.

Even if you only work a few hours a week, this can go a long way in putting you in a better financial position when the second semester rolls around.

3. Set Goals

Based on what you’ve accomplished in the past, it’s time to set goals with your money. This allows you to stay on track, knowing that you want nothing more than to reach both your short and long term goals.

An example of this would be spending X amount of money on rent and food. As long as you’re realistic with your goals, you’ll find yourself in position to reach each and every one.

These are just a few of the things college students can do to prepare financially for the second semester. As a student or parent of a student, this advice should come in handy. 

Would you add any other tips? Share your thoughts in the comment section below!

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Comments 1

Frank on Tuesday, 24 January 2017 17:05

I would add: (1) be organized and (2) set a concrete budget for the 2nd half.

I would add: (1) be organized and (2) set a concrete budget for the 2nd half.
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Monday, 16 September 2019

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