As a college student, you’ll hopefully be learning a lot more than just what your degree requires. Essentially, your four years of college are a practice run for the rest of your life. So, in addition to acing your classes, it’s a good idea to also figure out how you plan to survive after college in the dreaded “real world.”
The first step to doing so is to establish good financial habits, which will put you at a definite advantage when you graduate. Unfortunately, this will involve a lot more than just keeping your bank balance above zero; however, while it may take you a bit of time to hit your stride, if you start off with these tips you’ll be in good shape.
1. Establish Credit
As it will become particularly important after you graduate, college is the ideal time to begin establishing credit. Having a good credit score will indicate that you’re financially reliable, and will make it easier for you to secure loans. In addition to showcasing your dependability to lenders, your credit score is also regarded as a measure of your responsibility and can come into play when you’re renting an apartment, purchasing a car and even when applying for a job. If you graduate with a decent credit score already built up, then you’ll be in a good position when comes to these areas.