The semester is quickly approaching, and the last thing on your mind is how you’re going to survive a potential financial disaster during the next few months.
While you might want to spend your days thinking about how to decorate your dorm, or which laptop is best for those annoying papers, you should still prepare your finances for the inevitable.
A typical college student shouldn’t have many liabilities to worry about, but if you can’t handle shelling out $500 to $1,000 while you’re away, you need a plan in place. Here are the steps you should take to prepare.
You've sworn to not use your credit card, but your savings aren't enough for repairs or replacements.In these cases, you just need to get creative.
If your laptop or PC dies, see if you can rent a computer at the library or lab, while looking for tech support or a super smart friend to repair it.
If your car dies, look into public transport or if you can get in on that carpool life.
Do yourself a favor and have a system in place for avoiding financial disasters in the first place. Having a paycheck, savings, and using common sense will get you far, and knowing how to handle this situation now will help you in the future.
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