For more information:
- Read books by financial professionals. The “For Dummies…” series on personal finance, available at your public library, is a great option
- Listen to podcasts like Freakonomics Radio, Money Girl, Planet Money, Motely Fool Money, So Money, and Start Up, to name a few.
- In general, avoid financial gurus. Although much of their advice is sound, take advice from those in financial fields and not those whose job is to be a media personality.
- Find out how much you owe on federal student loans– Nslds.edu.gov
- Get a free copy of your credit report three times a year at annualcreditreport.com
- To get help budgeting, try Mint.com or YNAB.com—YNAB is free for college students
- TED Talks to watch: “LearnVest: 5 Financial Rules to Live By” and “Saving for Tomorrow , Tomorrow”
Four financial rules to live by:
- Spend less than you earn by having 10-20% of your income automatically put into your savings account.
- Pay your bills on time and in full
- Have 6 months worth of expenses in a savings account
- Save for retirement early and put in as much money as you can (especially at-work matching programs