Money Management For Students
Students & Money
Students often have to live on a budget and are supported by their parents. Here’s how you can manage money and even earn some through investments- while in school/college.
Stick To A Budget
Don’t blow up all your money at the start of the month - maintain a budget and stick to it so you don’t have to borrow or scramble for funds.
Resist Peer Pressure
It can be tempting to splurge on a night out with friends - but if you don’t have the money, don’t give in to the peer pressure.
There are plenty of students discounts available on streaming services, gym memberships and the like - so make use of them.
It never hurts to educate yourself about money matters - the newspapers and the internet have plenty of information about personal finance, so read up.
Invest Your Pocket Money
If you are in college or high school, you’re bound to receive monthly and gifts from family and friends. You can invest this money later.
Thanks to compounding - or earning interest on interest - even a small amount invested now can grow into a good sum upon graduation.
Watch Your Money Grow
Start the saving habit early to get a head start in life.!
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.