ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Help College Students Manage Money and Student Loan Consolidation

Updated on October 1, 2012

Money Management

There are so many ways to help students and manage their money and student loan consolidation is one way that may help! Help is the word used when trying to teach young people to manage money. Of course its not all young people but if there was a crash course on how to help college students manage money in this economy, I'm sure some parents would make sure their sons and daughters took that course. In some cases it is like teaching a child to read. Like reading, some become really good at it and some just never grasp it very well. I guess we progress with money management in steps just like learning anything else. Its just that it seems as though some of the steps would not be so difficult seeing as they are at an age where they may have had to do some of this before. It may be difficult to teach young people about money management because they have just never paid attention to the nitty gritty task of how to manage money in the past. Now they must learn. As those college bills, student loans and growing debt starts to multiply, students should consider student loan consolidation and debt consolidation to manage their payments.

It Would Be So Easy If I Had A Money Tree

Wish I had one of these
Wish I had one of these

Manage Money and Consolidate Loans

Step One: Teach them that Money Trees are not real.

Step Two: Figure out expenses

Step Three: Figure out a weekly budget

Step Four: Consider extra expenses that may arise

Step Five: Tech them to be conservative

Step Four: Look into ways to consolidate loans


Expand On The Steps To Manage Money

Many young people have been given things most of their lives. Cell phones, gifts, first car etc. Many working parents have taken on the responsibility of paying cell phone bills, paying for expensive gifts (for instance a T.V. for their room) and paying for car insurance. Eventually, it is time for the child who has now grown into a young adult to realize that money really does not grow on trees and that someone works to pay for these things. Eventually, they will be in that position hopefully. Going to college and getting an education may be that first step but also learning to manage money in college is important as a first step in being able to manage money down the road too.

One of the most important things to help a college student become aware of is what kind of expense will come up on a regular basis that need to be paid for. Is there rent due, are there utility bills that will need to be paid. Who will be paying for Cell [phone, internet, food and gas. Whether, a school loan or a part time or full time job are helping to pay these, it is important to figure out how much money is needed to cover the costs and how much is available. For most young people (college age), this is the first time they have had to worry about these types of concerns. It's not an easy chore to take care of all of them but it's when they are most ready to learn and when they have to learn.

Tips For Managing Money With Growing Student Debt

With help, these tips for the college student who is learning how to manage money with growing debt is usually successful but never without a few bumps in the road when it comes to expenses. Without help figuring it all out, it can be disastrous. On the other hand, it just comes natural to some.

A few tips for managing money while in college may include:

1. Use the money for what it is intended for

2. Make a monthly or weekly or even daily budget and stick to it.

3. Find more ways to make money while in college to help with the expenses.

4. Find how others have been successful at managing their money while in college

5. Take a course that teaches how to manage money and follow some of those principals.

6. Pay down student debt whenever you may have an opportunity

7. Always consider new ways to earn income.



Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)