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5 Money Saving Tips for Financing Your Education

Published: April 22, 2015 | Updated: February 20, 2018
 

Do you want to get started on the path to success? With some money saving tips, you could be on your way to a quality education and a lifelong career. Small steps to save money can make a big difference. Here are 5 money saving tips for financing your education:  

1. Get a Head Start
If you’re thinking about going to school, now’s the time to start saving. Put money aside each month, even if it’s a small amount. Find a career training college that offers a variety of programs with online options or a blended learning curriculum. With online resources, you’ll save yourself an extra trip to class or the library.  

2. Eat In
A morning coffee and dining out can really add up over time. Eat (and drink) in, instead. Brew your own coffee and make a grocery list for your weekly trip to the store. Eating out should be a special treat, not an everyday routine.

3. Pay Off Your Debt
Pay off money you owe, especially debt that carries high interest rates such as credit cards. Try to increase your monthly payment above the minimum due. You’ll pay it off sooner and ultimately pay less in interest.

4. Carpool
Do you have a classmate who lives nearby? Consider carpooling, even if it’s only a few days a week. You’ll save money on gas and cut down on your car’s daily wear and tear. Use public transportation whenever you can and you could save thousands.1

5. Carry Cash
When you carry cash on you, you’re less likely to be careless with your money. Debit and credit cards disconnect you from the transaction, making it likely that’ll you spend more.2

Charter College can help you get on the fast track to a new career. We understand the challenges of getting a quality education and that’s why we give you the tools to help you succeed. We offer a variety of programs to get you out of the classroom and into the workplace, armed with the skills you need. 

1http://www.publictransportation.org/news/facts/Pages/default.aspx
2http://www.nytimes.com/2014/10/11/your-money/the-slippery-plastic-slope-to-overspending.html?_r=0