Top 10 Money Mistakes

Making poor credit card choices
• Don’t be fooled by campus solicitations
• Read the fine print
• Pay off the balance each month
Spending money due to peer pressure
• Focus on campus activities with food and t-shirts
• Stick to the meal plan
• Rent movies, campus movies, matinees
Not setting a budget
• Plan ahead, know how much money you can spend each month
Not seeking out the best bank rates
• Research banks with free checking and savings accounts
Overpaying for school
• Select a smaller meal plan
• Choose a less expensive apartment or residence hall
• Buy and sell used books to friends or the bookstore
Not keeping track of bank account balances
• Balance your checking accounts
Lending money to friends
• This includes picking up tabs
Failing to research product pricing before purchasing
Not planning for the future
• Money invested in retirement funds will grow with interest
• Getting started early will pay off later
Not having a part-time job
• Earn extra money and prepare for life after college
Source: National Student Loan Program