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Work. Study. Stress about tuition. Here’s how to break the cycle.

Work. Study. Stress about tuition. Here’s how to break the cycle.

Posted on: March 17, 2015
Author: Staff
We get it. You’re burning the candle at both ends trying to keep up with school, working, and trying to put something away for next year’s tuition and expenses. At ATB, we can work with you on getting credit. However, free money is better than money you have to pay back. So, here's one place you could start—your parents.

 

  1. Set a goal.

    The best way to show your parents you’re serious about your finances is to commit to a savings goal—whether that’s $5K for rent, $4K for tuition, or something else. Show them you know what you want and have a plan to get it.

  2. Ask for a savings match.

    Explain the reality to your parents that while you are committed to your savings goal, there is a gap between the amount of money coming in and the amount going out. If they are willing to match your savings, you can close that gap and make sure your investment in schooling pays off.

  3. Earn an allowance.

    You might think it's kid's stuff but it could be one more source of income to make life a little easier. And you've got the unfair advantage of knowing the chores around the house that your parents truly detest. Channel your inner 12-year-old and pitch your parents on tasks you are willing to do for cash, or a contribution to your savings. Oh, and then you have to follow through. No one said adulting was easy.

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