Tips for Managing Finances in College

When it comes to college and money, they do not go together as well as you may think. In fact, many college students have trouble affording some of the things they need while they learn to better manage their finances and learn how to appropriately spend their money.

One of the best things you can do for yourself is make a plan for the future before you enter college. Below, we will go over some tips to help you better manage your finances in college.

Decide between Necessity and Want


There is a fine line between what you NEED to have and what you WANT to have. For purposes of being able to manage your finances in college, you need to decide what you NEED and not what you WANT.

For example, you need to pay for rent if you live off campus and you need to eat food. But, you do not need to eat out at the local restaurants every day and you do not need to go out to eat and drink with friends. You can easily spend $50 – $100 per week at the grocery store and have enough meals to keep yourself sufficiently fed.

Avoid Credit Cards

When you can, you should avoid credit cards. These pieces of plastic will get you into more debt that you can wrap your head around. In fact, it is not wise to use a credit card unless you have the money already in your checking account and can pay it back immediately.

Often times, people use credit cards to live outside of their means. What this means is that if you make $500 per month, but you spend $1,000 on your credit card, you are living outside of your means. You will quickly find yourself in a lot of debt and struggling to stay afloat.

Consider Other Alternatives for Your Textbooks

Textbooks are expensive. Did you know that you do not have to purchase your books through the bookstore? In fact, if you have the funds available, you can purchase the textbooks you need from anywhere you can find the books. It is possible to find your school books on sites such as eBay and Amazon for a lot cheaper than the school bookstore. You could save yourself hundreds of dollars per semester by purchasing your books elsewhere.

Minimize the Amount of Debt You Will Have

When it comes to debt, you do not want to have massive amounts when you graduate. The average amount of debt a student graduates with is $30,000 for a four-year degree. This is a lot of money and will be a lot more by the time the loan amount is paid down.

To help you minimkmn53etd6y272u82ie6t26ize how much debt you take on, always consider alternative means to loans FIRST. For example, find out if you qualify for any grants or scholarships. Both of these options do not have to be paid back and can significantly cut down the amount you need to pay out of pocket for school.

Once you have exhausted grants and scholarships, you can look into student loans. One thing to keep in mind is that you do NOT have to borrow all of the money that is offered to you when it comes to your student loan. In fact, you can elect to borrow however much you want and you should only borrow what is required to pay for your classes and books. For example, if you are offered $8,000, but your classes will only cost $3,000, only borrow $3,000.

Set a Financial Limit for Yourself

When it comes to spending money, it is easy to overspend and you may find that you have minimal money left overkmn63etd6y2eu82i92o each month. To help combat this, you should set a spending limit for yourself each month. For example, do not necessarily place an amount on activities or food, but instead, give yourself a $100 or $200 spending limit for the month. You can use this money for whatever you want throughout the month and when it is gone, it is gone until the next month.

These tips above can help you better plan and manage your finances in college. Remember, the more you save now and the more you put toward your current debt, the less you have to worry about in the future.

Refinancing and Consolidation of Student Loans

Taking a student loan may seem to be the most logical and easiest option when you are in college, however, when you have finished your studies and start working, the repayment of the student loan or loans can be quite a hassle.

Many people take multiple student loans to cover the costs of education which may include tuition fees, books and accommodation. When you start paying these loans, it will be hard to keep track of them all, and therefore, consolidating or refinancing them might be the best option for you.

Why would you want to refinance or consolidate your student loans?egr5t6hy

When you are in college, you do not think much of the repayment of student loans. This is because the lender, will give you a grace period to start paying it back which in most cases are when you start working.

However, when you start working, there will be other expenses that you have to take care of as well. When this happens, the burden of student loans can weigh you down and be a headache.

Consolidation and Refinancing

When you have multiple student loans, there will be many payments that have to be taken care of on a monthly basis. It is easy to lose track of the payments. However, if you have one payment to make, you know exactly the situation you are in as far as your debt is concerned. Have a look at the SoFi options available to make this easier. Consolidation of these loans may also allow you to make use of better interests rates and easier repayment plants so that you do not stress over falling back on the payments.

Many people are stuck with student loans

In the US, there are many people who bear the burden of students loans and end up not being able to make payments. The topic has become one of major concern due to the shortage of jobs and lower income. If however, you decide to refinance, you will effectively get a fresh start on your loan and better interest rates.

w34gr5thProtect your credit score

When you fall back on loan repayments, your credit score can suffer. However, refinancing or consolidating them will ensure your credit score remains intact in case you need any credit facilities in the future.


You should not allow your student loans to get out of hand and service them regularly. However, if you find yourself falling back and unable to make payments on time, refinance them so that it will appear as a new loan on your credit history.

Refinancing a Student Loan

Refinancing means to service fully an existing loan with a new loan that would come with lower interest rates and a new term for repayment. It is done when a person wants to fulfill a loan obligation so as to avoid delays in repayment or to have a bad mark on their credit history.

When should one consider refinancingfgr6uythg

1. The loan repayment installment is too high

If you find that the loan installment you are currently paying is too much for your monthly income, it may be prudent to get a new loan and pay it off. In this way, you will get a new longer term, and the monthly installment will be lower.

2. When you can get better interest rates

If you have taken a student loan when in college some years ago and are paying higher interest rates, you may want to shop around for a financial lending institute that have more competitive interest rates. In this way, you will not have to pay too much interest.

3. save your credit score

Loans such as student loans can reduce your credit score if repayments are not made on time. If you find yourself behind on the payments due to lack of funds, taking out a loan to pay the old one off may keep you in good books with your credit bureau.

Types of Refinancing

There are both federal and private refinancing options available to refinance student loans to those who want to pay off their old loan and get a new repayment plan.

1. Federal refinancing

Federal refinancing is where the government will assist you to repay your loan in place of a new one with a better interest rate. The interest rate in many cases is lower than the loan you took when in college.

2. Private loan refinancing

These are many private financial organizations that will off competitive rates of interest for refinancing your student loans. They will often approve your refinance application much faster than a federal refinancing program, and you can start your new loan soon.


Refinancing and Loan consolidation is an option for saving your credit score and making it easier to track your loans. You can make one payment as opposed to many small ones that can cause some headache and make you miss some payments.

Refinancing is growing in popularity, and you should also consider this option if you find yourself struggling to keep up or missing repayments.

What is an IPO and What is does for a Company

What is an IPO?

What is an IPO? It is an initial public offering of a companies shares to the public in order to raise capital for the operations and expansion of the said company.

Who will want to go for an IPO?

Companies that want to raise capital of $1 billion IPO will have to jbiyfdt7perform much work in preparation for the offer. They cannot simply offer shares to the public. They can raise capital through a private placement if there is an investor who is willing to provide the money they can do it privately, however, to get a large sum an IPO is required.

They will have to satisfy many regulatory requirements before going ahead with an IPO.

Listing on the Stock Exchange

When a company commences the IPO process, they will have to decide which exchange they will list the shares on. This is so that the shares can be freely traded by the shareholders on the open market.

In most cases the company will list on the stock exchange in the country they operate in and in some they will list on foreign markets so as to drive the share price higher. This will be decided based on the amount of shares issued and the market conditions. Listing on an exchange other than the country of operation requires more preparation and is a longer process.

The selection of the stock market will be based on what the company wants to achieve and how the market is performing. Many companies would wish to list on the US markets or the major Aian markets as they often perform well and are stable.

The Benefits of an IPO

td66d6f8gA company that has been in business for a number of years can benefit immensely from issuing their shares to the public through an IPO. They can get the much-needed cash to expand their operations or start a major project. The liability of the director board in such cases are often limited to the assets of the company even though it rarely happens that a listed company would go bankrupt.

To be a listed and publicly traded company ives the business a good standing and shows the general public that people trust them. This will also, increase the amount of customers they have and people will know them to be credible as far as their products and services are concerned.