MANAGEMENT TIPS FOR SUCCESS

TAKE CHARGE  OF YOUR LIFE AND YOUR MONEY

The best way to take charge of your money is to have a plan for it. Instead of thinking about money as just something to spend, think about making your money work for you. This is called “financial planning,” and it starts with three steps:

1. Define your financial goals.
2. Make plans to reach your goals.
3. Take action until your goals become a reality.

What financial goals do you have for your money? To save $25 a month to buy books next semester? To save $100 a month for the next four years to buy a new car when you  graduate? SO NOW Write down some of your financial goals at your handbook. :)

KNOW THE GROUND RULES

Have you talked to your parents about what they expect from you when it comes to money? Do you know what you can count on from them? If you haven’t had a money conversation with your folks yet, take the initiative to bring up the subject.

If you get into debt with a credit card, for example, will mom or dad bail you out? Do your parents expect you to work while you’re in school, or do they prefer that you concentrate on your studies? Can you call them if you run out of money, or is it up to you to figure things out?

Now’s the time to ask!