Financial stress is something we all deal with throughout our lives. Whether this is in the form of paying bills or choosing between products, money is truly always on our minds. For college students, this pressure is especially high. Ohio State’s 2015 Student Financial Wellness Study found that over 70% of college students were stressed about their financial situations. 32% of students admitted that they have neglected their academic studies in order to work or earn money to cover their expenses. These numbers are alarming; luckily, learning how to manage finances at a young age can have a monumental impact on one’s happiness and stress levels for a lifetime. Tips that college students can put into practice now to ensure financial soundness include:
- Buying or renting used textbooks
- Using a student ID to receive discounts at restaurants, movie theaters, etc.
- Utilizing campus amenities that are included in tuition, such as fitness and tutoring centers
- Learning to prep meals rather than spending money eating out
Written by: Your Financially Fit Me Team
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