An IMCU Lifestyle Guide: Preparing For A College Education

According to the Vanguard investment management firm, when today’s babies are old enough to attend college, a year at a private school will cost upwards of $120,000, so a four-year degree will have a price tag of nearly a half-million dollars. Even public colleges are expected to cost $54,000 annually, for a four-year cost of $216,000. That’s why it’s so important to start planning (and saving) for education long before your student is ready. Indiana Members Credit Union created this guide to help you prepare and save, whether college is more than a decade away or coming soon. We’ve included plenty of valuable advice and helpful resources. Continue reading

6 Money Management Tips To Help Save For College

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You may not have a lot of extra money in your budget, but that doesn’t mean you can’t save for college. Here are six helpful money management tips for getting your college savings efforts off the ground.

Tip 1: Watch for daily money drains. Drink regular coffee instead of a latte once a day. Bring your lunch three times a week. Take the money you’re saving from small but important changes and put it toward your child’s college savings. Continue reading

11 Savings Tips for College Students

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College students need all the help they can get when it comes to saving money. Here are some tips that will help:
1. Go on a cash diet. Overspending is just like overeating. How this budget diet works: Take out an allotted amount of money for the week or month and only spend what’s been taken out. For example if the “entertainment”budget is $100 per month, then pull out $100 at the beginning of the month. Spend the cash wisely over the course of the month and once it’s spent, you are done. If you blow it all in one day, you can’t go back to the ATM to get more cash. The cash diet keeps you honest with your spending – you know exactly how much you have and there is no fighting math.

Job Advice for the Class of 2016

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This year’s college grads should find the job market a bit more welcoming than their forebears in this “Post Great Recession” economy. Companies are planning on hiring more college graduates compared to last year. However, entry-level aspirants must be on their best game.

Staffing firm Robert Half is stepping in to help, by outlining six of the most common conundrums facing new grads with tips on how to approach them. Continue reading

Sweet and Savvy: Budgeting Valentine’s Day

valentines day imageIf you’re a college student, chances are that reservations at glitzy five-star restaurants, elegant truffles in glittering gift boxes and glistening diamonds aren’t quite in your budget. Regardless, Valentine’s Day too often becomes an expensive holiday that is defined by a sacred code in which the more you spend, the more you love your special someone. Remember, though, that February 14th is about celebrating love and treasuring the times you share with your beloved. Showing someone you care doesn’t have to blow your budget, and these ideas will help you focus on the real meaning of the holiday without needing to buy love. Continue reading

3 Biggest Money Mistakes College Students Make

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There is a weird dichotomy with college students. On the one hand, collegians are very creative with saving money. I’ve seen fellow students survive on a food budget of $3 a day. One friend of mine even lived a whole semester rent-free by sleeping in his giant van and showering in the school gym! On the other hand, college students are notorious for making basic financial mistakes. Part of it is inexperience, while another part of it is the realities of college life.

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