(NAPSA)—Managing money as a college student can be challenging— with juggling tuition, room andboard, books and everyday expenses, costs can quickly add up. Money is often tight and incomelimited. What's more, for many, college is a time whenthey may be man- aging their moneyforthefirst time, not to mention with the added financial stress of loomingstudentdebt. Managing Your Money Howcan college studentseffectively manage their money andstay afloat? Here are fivetips to help students navi- College students can learn to save forthe future. gate college and build a strong financial nationalretailers if they offer a college ID discount when you make a purchase. Since college is all about planning for pected: Stash somecash to cover unpredictable costs so you don't have to use a your monthly budgeteven before school begins. Determine how much you'll tial debt. foundation: + Make a budget andstick to it: the future, money managementskills should be part of that plan. Establish needfor typical expenses suchastransportation, clothes and entertainment, then include setting aside money for your savings account, evenifit’s small. More than anythingelse, stick to your budget. + Pick the right savings account and add to it: Seek out accounts free from minimum deposit requirements and monthly maintenance fees, but that deliver competitive interest rates to earn + Plan (and save) for the unex- credit card and risk building up poten- + Get a part-time job: Earning $10 an hour, just a few days a week, could addup.It needn'tbe a largetime commitmentand the incomecan help your budgeting and saving for activities and items that you want rather than need. You may also be glad to know that Ally Banklets customers open a Money Market Account with no minimum deposit or monthly maintenance fee, with compounding interest daily, and that comes with a free debit card for quick access to cash. Ally customers cash on savings. Consider the convenience ofonline banking, which parents can use any Allpoint ATM in the US., will appreciate for transferring funds free, and Ally reimbursesup to $10 per through person-to-person services such as Zelle’, which Ally Bank, Member FDIC,offers,free. + Use your college ID to your advan- tage: Ask restaurants and bothlocal and statementcycle for fees charged at other ATMs. Learn More For further facts and tips, visit wwwally.com.
