Tag Archive: cash-strapped

Ask the Guru – A Letter From Mom on Buying Textbooks for Her Son

I recently received this inquiry from a parent looking to help her son.

“I’m looking to purchase, lease, or rent books for my son who is in New Jersey but I live in Georgia. My husband and I will put the books on our credit card but how much confusion is this going to cause when we want them sent to him? How long will it take for him to get his books and can he get a discount for good grades? He just graduated from with a degree in Addiction Counseling, now he is re-enrolled in another major so as to increase his employment options. (more…)

Cash-Strapped College Part 2: Once you’re there

Cash

This is the second of a three-part series. Find the first post here.


Congratulations, you’ve been accepted to college and secured enough scholarships, loans and savings to enroll. Now you get to explore the large and exciting (and parent—free) world that is college life. Chances are this will be your first time living away from your parents and it’s probable that you’ve never managed your own expenses before. With all the freedom that college offers, it can be easy to forget that you don’t always have the finances to explore all of that freedom. 

 

By this point hopefully you’ve sat down with your parents, or at least had a serious discussion with yourself, and created a monthly budget. It’s important to not only plan for your known expenses but to have enough wiggle room to accommodate unforeseen expenses like car repairs, replacing stolen property or even late night pizza for your “study group.” With that in mind, it is important to cut corners where you can because every penny you save is a penny you don’t have to borrow and pay back later at 12% interest.

 

Here is your guide to pinching your pennies at college.

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