College Is The First Step To Fantastic Finances, What Comes Next?

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We all know that to get a decent salary in life, you need a college degree. Yes, there are exceptions to this rule, but for the most part, that’s the hard truth. A degree will get you in at a ground floor position in a company, and if you do exceptionally well in college, getting great grades, it might even be a prestigious company. What is often not discussed is what comes next.

It’s worth pointing out that we said a decent salary, not a great one. We also said a ground floor position not a key figure in a company. We should be teaching students and perhaps even kids that their journey to financial success isn’t over once they have that degree in hand. There are a few other things that they will need to do to gain the income level they hoped for. Let’s start by thinking about making sure that they do stand out on the market.

The Side Hustle

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Side hustles like blogging, writing or freelancing aren’t about making money. Anyone who tells you that these types of activities (completed in your spare time) are going to have a substantial impact on your finances is lying. But that’s not the point of them. The point of side hustles is to show initiative and to show some skin to your employers. By doing this, you can make sure that you stand out on the market and that you do look like the type of person that they want in their business.

Remember, for the best positions, employees aren’t looking for someone who is green. They want an individual who had experience even before they left college. That’s how to ensure you’re considered for the position that brings that big paycheck.

The Additional Degrees

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The first four years of college should never really be the end of your learning path. You should, in your spare time be looking for ways to boost your official qualifications further with additional degrees. You might think that this means you have to go back to college, but that’s not true. Even industrial degree likes engineering can now be obtained online. a masters in engineering management online will give you the qualification you need to soar in this industry. It won’t just gain you access to a position in the company, it will ensure you are considered for a top role in the business.

Nothing Less Than Your Best

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Last but not least, you must make sure that you are always giving your best in any position you take on before or after the end of college. It’s unrealistic to think you’re going to get your dream position in your ultimate company straight after you leave school. There’s going to be a lot of positions that you use the fill in the gaps. That’s fine as long as you treat them with the importance that they deserve. You can not afford to mistake these jobs as a place where you can complete the minimum work until something better comes along. References matter when you want to succeed and get your income to the highest possible level.

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How To Provide The Best Education On A Budget

We all want the best for our children when it comes to their education, and as we all know education is one of the most expensive things you will spend your money on. It’s also understandable that you would want to support your child’s education as much as possible, but it can be frustrating when you don’t have the funds to do so. Luckily, there are a few steps that you can take so that you can help provide your children with the best education possible, whether they’re small children, or grown into young adults.

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Saving from birth

One thing that many parents choose to do when they have children, is to begin saving for their child’s education. You don’t necessarily need a swanky bank account to do this either. Simply putting change in a (large) container will mount up over the years. Imagine having saved at least a large part of their education and presenting you child with it when they go to take further education. It would be a brilliant help and you would be able to rest assured that you’ve given them the best start in life as you could.

Of course, if you do have the option to save money in an account then you should take full advantage of it because of interest rates. Even though interest rates are usually low, having your bank contribute that little bit extra into their fund will certainly help.

Loans

Even though public schools give our children the right education, it’s understandable that you’d consider sending your child to a private school so that their education is more tailored to them. Of course, this kind of education comes at a price. While the price of sending your child will cost you each year, the initial price of buying school supplies and uniform can also mount up. Especially in private schools due to the fact that many require you to wear a certain uniform.

A loan might not be something you’ve considered, but to get the initial costs out of the way it might be a route you could take. There’s loans that you can get even if you have a bad credit score. Https://www.jubilee2000uk.org/analysis/secured-loans/bad-credit has more information on how you can achieve getting yourself a loan if you may have been refused anywhere else.

Remember though, you will need to make sure that you can afford the yearly education before considering private schooling.

Prepaying for education

Did you know that you’re able to prepay for a college course for your children? This is the perfect solution for those of us that have come into some money, or know that in the future your income won’t be as high. Doing this will allow them to enter the course they desire without having to worry about money.

As you can see, there are three main ways of ensuring you can provide your children with the best education – even on a budget!

Teens: What You Need To Know About Flying The Nest

As you approach the end of high school, you’re probably looking toward college with a heady mix of fear, apprehension and outright excitement. This is your time as a young adult – too old for babyish curfews and rules, too young to be totally independent from the bank of mom and dad. It’s your time to strike out and live the way you’ve always wanted to live; away from home, from rules, from regulations and from being under the watchful parental eye. The question you have to ask yourself is whether you are ready. Are you ready to make that leap and be in charge of yourself?

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You’re probably answering yes, saying it loud and proud and demanding the number for the moving companies you will call to help you gather ye rosebuds and sow them elsewhere! But wait – there are some things you’re going to need to know before you take that step. College may be ‘moving away’ but you’ll be back for holidays, and if you want to be truly independent you have to look within yourself and decide whether you really are ready.

Self-Help Skills. Before you move away from home to go to college, there are going to be a few skills you need to have under your belt. Ideally, your mom and dad instilled in you from a young age some tricks and tips in looking after yourself, namely being able to do your own laundry, cook something more than Ramen on toast and how to pay your own bills. If the idea that you have to do any of this stuff is concerning to you, then you’re not ready to make that leap. You need to learn how to plan ahead with your money so you can balance a grocery bill, your utilities, rent and even have cash left for socialising. You don’t want to have to call up your parents every week because you blew your cash – so be smart.

Once you are at college, if you need help with writing essays and reports consider a term papers writing service

Values. As a teenager, you’re going to come under all kinds of pressure from people around you. Drugs, alcohol, cigarettes and any number of taboo items that you would have had many lessons on saying no to. Upholding your values as a person is a key part of your developing maturity. Aim to fit what you want from yourself, rather than fit in with the crowds and be a sheep. You don’t have to follow the crowd for a good time. Have some self-assurance and if you feel like your own morals are in question, it’s a pretty accurate reason to stay confident in your beliefs and just say no.

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Your parents are equally as nervous about you moving out of their home. They’ve cared for you and provided for you your whole life, all they want is what is best for you. Know that even if you’re living halfway across the country, they’ll always be there for you as a confidant, as someone to lean on and as a back-up just in case. Rely on them but trust yourself. Moving is a big step, but it doesn’t have to be a scary one.

 

Get Your Money Ready To Go Back To School

It’s not uncommon to have a few false starts on your way to getting a degree and giving yourself some serious career prospects. Not all of us get a degree straight after high school even if we want to. Life gets in the way. But if you want to go back to school, it’s far from impossible. Even with more responsibilities, you should never be afraid to focus on taking paths that develop you even further. But you need to make sure your finances are as ready to go back to school as you are.

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Budget for student life

There’s no doubt that you’re going to have to deal with additional costs as a result of getting yourself back in education. Scholarships, loans and the like are options we’re going to cover further, but there are plenty of financial surprises that can pop up as a result of going to school. Extra childcare costs, supplies costs, and the like will add up. It’s a good idea to create a budget with the express aim of leaving more money aside as part of a college emergency fund. This might mean taking a look at the daily expenditures that you could better reduce. Now’s the time to audit your subscriptions and get rid of those that aren’t giving you your money’s worth and to start making energy efficient house rules.

See what scholarships are out there

Naturally, the biggest cost you’re going to be concerned with when it comes to going back to school is the cost of tuition and perhaps accommodation. To that end, you should take a look to see what scholarships you might be applicable for, first and foremost. Databases like the StudentScholarshipSearch are some of the first searches you must look up. Older and nontraditional students can have as many opportunities at getting a scholarship as the dependent student would. There are scholarships dependent on age, in fact, just as there are some for race, background, and more. Don’t count yourself out of getting one, get yourself matched.

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See what benefits are on offer

Besides scholarships, there might other ways to access benefits that could reduce your tuition costs. Like scholarships, grants don’t need to be repaid in the vast majority of cases. There are age-based programs like the Plus 50 Initiative from the Association of Community Colleges, for instance.  You could also consider going to your employer if you’re currently in work. Many larger companies offer reimbursement for tuition costs if you’re learning skills in education that can help in the workplace. Even if they’re not related to your current job, education policies in the workplace can cut thousands from the cost of tuition. If you’ve served in the military, then there are also programs run through funding from the Post-9/11 G.I. Bill worth looking into. Don’t leave any stone unturned. There are local, state, and federal level benefits and finding the right ones can help you avoid the next step.

Prepare for student debt

In the event that you can’t get a scholarship, grant, or reimbursement of any kind, then you are going to be dealing with a lot more student debt. But you don’t have to leave yourself resigned to having an oversized rock hung about your neck. You can take steps now to chip away at student debt so it’s much more manageable in future. For one, as with all debt, it’s dependent on your credit score. With help from places like CreditRepairCompanies you can ensure you’re not being taken for a ride by student debt. Make sure that your student debt is less than your expected annual starting salary or your current annual salary. That way, you can formulate a ten-year plan that you can reasonably stick to.

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Rent books, don’t buy

What about all the other expenses that chip away at your finances while you’re there? One that many new students will find a surprise is the sometimes-overwhelming cost of college textbooks. A small number of publishers control the market, meaning they can hike the prices up however they like. With professors choosing what product you have to buy; these companies are free to charge what they like because they know you have to pay. So, don’t play their game. Instead, rent your textbooks from places like BookRenter or take your time to shop around and find used copies.

Make use of your student discount

If you want to make sure you’re balancing the budget and spending your money wisely, then it’s a smart move to get an idea of all the different businesses that take part in the student discounts program. A student discount can help you save in all kinds of businesses. You can get clothes, tech (including any computers you might need to study), even entertainment at a reduced rate. There are also travel discounts and insurance deals offered specifically to students that can help you cut down the more regular costs in your day. Before you buy something or sign into a new deal, see if the provider offers a student discount. If they don’t, you can be sure there’s an alternative that does.

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Sell those notes

You can even make use of the money-smart college economy to earn a little more on the side. A whole new marketplace has started to sprout in the last few years. Thanks to the internet, it’s a lot easier for students to keep up with their studies when they might otherwise be struggling. For those willing to pay, they can simply buy their notes from someone else. That’s where you can come in. If you’re good at taking detailed notes, you could make some money. You just have to make sure that the college you’re attending doesn’t have any rules on it. In some, it could result in expulsion. Just check their policies before you start selling your work.

There are a lot of ways to make further education have a much more reasonable place in your finances. Many of the options simply don’t get considered by the majority of students. Hopefully, we’ve outlined a few options worth exploring.