At certain points in our lives, our financial situation can cause more aggravation and anxiety than we’d obviously prefer. Loss of a job or a reduction in hours, a large unanticipated expense (such as costly car repairs), or a sudden health issue can put us in a position that causes financial stress on top of the stress brought about by the situation itself. And of course, even if we’re not in dire straits, it’s wise to simply stretch our dollars where we can.
Though it’s not always possible to avoid the situations that can lay those heavy burdens on us, a bit of proactive planning can help us maintain control over what we do have. It can also prevent us from adding avoidable stress on top of that which comes as a result of those unavoidable life challenges.
In The Confident Student, 8th Edition, Carol C. Kanar offers wise advice that will help students manage their money, maintain responsibility over their own resources, and ultimately gain control over their spending (and perhaps other areas of their lives as well!).
By taking these relatively simple steps to reduce spending and handle money wisely, some financial stress may be alleviated — thereby freeing one’s mind to concentrate on other things… like studying for that test next week.
What creative ideas do you have for stretching a dollar while you’re in school? Share your ideas below.
Reference: Content adapted from Kanar, Carol C. 2013. The Confident Student, 8th Edition. Boston: Wadsworth, Cengage Learning.