Tuesday, November 1, 2011

Three ideas for my college friends

                                                          1: Live below your means

    You don't have to play the role of starving artist, but you do need to keep track of where your money is going. The key is making and keeping a budget. Quicken and mint.com are perfect and free services to stay on track.

  2: Work too

    I worked part time during the school year and full time in the summer. Keeping at least a part time job helps with unexpected expenses or allows you to enjoy a social life and to go out a little.

 3: Start saving now

    It's never too early to start saving. I suggest opening a Roth IRA and funding it at least partially during your college years. Putting as little as ten dollars a month in a retirement account will, if nothing else, teach you the tenacity it's going to take to retire young.

See you next time. Finwiz.

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