Paying for College

Managing Your College Cash

Eons ago, when I was in college, my parents would send me a letter or card now and then with a five or ten dollar bill in it. That kept me in snacks and movie money. I know, I know. You high school students who are reading this are probably laughing. "Card? Letter? Five bucks!?" Well, as my grandfather used to say, "Back then, Buster, that's when five bucks was worth five bucks!" So, do a little inflation calculation if you don't think that five dollars had some buying power back in the '60s.

Anyway, the point of my post today is to bring you some information about college budgets. When you get to college, you're going to be faced with some real-world challenges concerning spending and money management. Most of you won't have parents who will facilitate a credit card with an unlimited balance. What cash you do have or will earn through a part-time job will be subject to a number of demands that you will have to prioritize. That will likely be your biggest challenge -- deciding which expenses are mandatory and which can be delayed or juggled.

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