Small steps can make a big difference when it comes to saving vs. spending when you go back to school.
RISE: ARE YOU AND YOUR WALLET READY TO GO BACK TO SCHOOL? I’M RISE JILL MILLER.
BASED ON THE TWENTY-TEN COLLEGE EXPLORER SURVEY, STUDENTS SHELLED OUT ROUGHLY THREE HUNDRED AND SIX BILLION DOLLARS IN BACK TO SCHOOL SPENDING, THIRTEEN PERCENT MORE THAN THE YEAR BEFORE. THE SURVEY FOUND STUDENTS ALSO SPENT TEN PERCENT MORE ON ITEMS LIKE GAMING, TECHNOLOGY AND BEAUTY PRODUCTS.
MICHELLE THORNHILL, SENIOR VICE PRESIDENT FOR WELLS FARGO OFFERS SOME EASY BUDGETING TIPS FOR STUDENTS:
MICHELLE: MAKE SMALL SACRIFICES, LIKE GIVING UP YOUR PREMIUM MORNING COFFEE OR FORGOING THE LATEST SMARTPHONE. KEEP YOUR CHANGE – FROM QUARTERS FOR THE LAUNDRY TO COLLECTING COINS IN A JAR – THEY CAN ADD UP QUICKLY. RENT YOUR TEXTBOOKS ONLINE VERSUS BUYING THEM IN THE STORE. THEN, BUY SCHOOL SUPPLIES IN BULK AND SPLIT THE PURCHASES WITH FRIENDS. FINALLY, DON’T FORGET TO WORK HARD AND PLAY HARD. FOCUS ON SCHOOLWORK BUT MAINTAIN A BALANCE OF FUN BY USING DISCOUNT GROUP SITES AND ENTERTAINMENT COUPONS.
RISE: MAKE THE GRADE THIS SCHOOL YEAR BY BUDGETING TIME AND MONEY. FOR MORE INFO, VISIT WELLS FARGO DOT COM SLASH STUDENT.
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