Having a financial safety net is a necessary component of independence. To prepare for emergencies and prevent unanticipated debt, develop the practice of consistently setting away a portion of your paycheck.
For instance, when you start getting regular paychecks as a , start saving 10% as an 'untouchable fund'.
Save for an emergency fund. Whether it's an emergency vehicle repair, or something more serious, everyone needs some money set up for high variable costs.
4. Start investing young
Investing early gives you more time to accumulate interest on your money. In addition, if you start saving early, you will need less money to accomplish your retirement objectives.
As a college student, try to have a part-time job. You can provide to neighborhood kids or start monetizing any skill you have. Remember. Earning money equals saving money.