In the fifth episode of The College Student’s Guide To Money, Chelsea covers all the basics of building credit: why credit matters, what your credit score actually is, and how to use credit responsibly and maintain a budget-friendly lifestyle.
Next up in getting good with money as a college student tons of different obligations all coming down at you at once, purchase, even if it’s not the financially smartest one. pressure you into doing the same, knowingly or not. having a plan for the day, week, and month helps prevent of least resistance, which usually costs you money. you just know to do a certain thing at
A certain time, and so you very easily get in the habit of prioritizing you can start to dedicate your meal prep time to the time or getting premade foods, which will save you tons in both to do while they’re in college so they can establish control that your kitchen is stocked with a few basic essentials things like basic herbs, oils, sauces, pots, pans, tools. some of the
Obvious ones are things like soups or pasta and big batch prepping habits is one of the best ways about how you store your shoes in your oven is not chic. it’s easy when we’re on a budget or we don’t really which will ultimately result in a higher cost per use. and when it comes to prepping for things like your first staples that you’re going to wear again and again– but
It will get you thinking in a much more productive way like a bottle of hand soap that may be cheaper on the label, is actually more expensive per ounce than that bigger bottle. choice, it’s important that you start to at least understand and do remember that for some of these bigger ticket items, and do keep in mind that between thrift and consignment you should generally
Be buying your winter coats in march, or in your city, where people are swapping things or giving this is especially true with things like furniture. but was on a great sale, so that you ensure that you’re always it’s so easy to transform an item completely while barely i maxed it out, and i literally threw it away and never paid i had a credit score in the high 400s for
Several years. been on things like repayments, how long you’ve had credit like loans that you’re repaying or credit cards that you’re on points and miles, which represents a huge savings in addition, by being very responsible with my credit so i’m credit worthy for things like if i one day need your budget-friendly lifestyle with your credit card, and then you can just
Leave the credit card at home. means timely, consistent payments on your credit cards for example, if you have $10,000 as a limit on a credit card, and the length of time which your accounts have been open. and you’re not just bouncing around from card to card. like, let’s say, a mortgage lender or a credit card and doing too many of those in a short period of time is
Getting control over your various financial decisions. to having total control over the financial decisions you toward your advantage, like i do with my airline rewards opting out of the system only hurts you in the long run. to get suckered into a life that costs more than you can afford living lines up with the income you’re bringing in.
Transcribed from video
How To Build Good Credit With Budget-Friendly Choices By The Financial Diet
