Starting College? Here's What to Prepare for Financially
- La Loma FCU
- Jul 29
- 1 min read

Heading off to college is an exciting milestone, but with independence comes financial responsibility. Planning ahead can help you stay on track both academically and financially. Here are key areas to focus on as a new student:
Create a budget: Track your income (from jobs, allowances, or financial aid) and expenses like books, groceries, and entertainment. Apps like Mint or YNAB can help.
Open a student checking and savings account: Look for accounts with no monthly fees and tools for easy mobile banking.
Understand your student loans: Know how much you’re borrowing, your interest rates, and future repayment plans. Don’t borrow more than you truly need.
Plan for emergencies: Set aside a small emergency fund for unexpected expenses like car repairs or health costs.
Be smart with credit: If using a credit card, only spend what you can pay off each month to build credit responsibly.
Watch lifestyle spending: Dining out, rideshares, and subscription services can add up quickly. Make mindful choices.
Financial discipline now sets the foundation for a healthy financial future. Start small, stay consistent, and don’t be afraid to ask questions along the way.
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