Help a student with money management please?

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  • Help a student with money management please?


Answer #1 | 22/12 2013 19:27
You already figured out that eating out every day is going to seriously "eat" at your finances. Make your lunch at home every day and take sandwiches to work. That will cut it down to a fraction of what you pay now. Savings accounts... the only way they really work is if you set up a direct deposit between your regular checking account and your savings account. This way the $30 a week is taken out automatically and it is not dependent on you actually doing it. A larger bank has more options in their online bill pay section including sending money directly to a bank account you own with another bank. So... if you want to you can set up a savings account with a Credit Union that is located clear across town then do direct deposits from your regular checking account once a month and since the Credit Union is physically too far away and you were smart and didn't get an ATM card for the account... you will be saving money because you have very restricted access to the savings account. The rest of your ideas sound ok... but make sure that all bank accounts are "free" and don't run up service fees, etc.
Answer #2 | 22/12 2013 19:27
forget the refillable gift cards--you pay FEES every time you reload. Make that fee money work for you--open the accounts you described.
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