Top 10 Financial Tips Every College Student Must Know

1. Create a Budget: Track income and expenses to avoid overspending. Use apps like Mint to simplify.

2. Build an Emergency Fund: Save ₹5,000-₹10,000 for unexpected costs like medical bills or mobile repairs.

3. Avoid Credit Card Debt: Pay off card balances monthly to dodge high interest rates.

4. Use Student Discounts: Save on food, tech, and entertainment with your student ID.

5. Cook at Home: Skip pricey takeout; meal prep to cut food costs significantly.

6. Buy Used Textbooks: Shop second-hand or rent books to save hundreds each semester.

7. Work Part-Time: Earn extra cash with campus jobs or freelance gigs to cover small expenses.

8. Limit Student Loans: Borrow only what you need and understand repayment terms.

9. Start Saving Early: Even ₹500-₹1,000 a month in a savings account builds financial habits.

10. Learn Basic Investing: Explore low-risk options like index funds to grow wealth over time.