Karime Sanchez Karime Sanchez
Karime Sanchez’s parents were always telling her she was spending too much money. The 21-year-old Texas A&M student ignored them – until they stopped paying her bills.
“I didn’t realize how much I was actually spending on doing my fun stuff,” says the community health major, who plans to attend nursing school. “I had no idea. It was way more than I imagined.”
Like many college students – she took a crash course in Adulting 101 teaching herself everything from how to budget to how to cook.
“My mom always did everything for me – I had to learn the ropes,” Sanchez says.
According to a recent Wallet Hub study, 6 out of 10 college students say their financial literacy has improved during the pandemic – and 40 percent surveyed say have learned a lot more about saving.
People’s Real Tips for Real Life spoke to students across the country to get their best finance tips.
Don’t Buy Textbooks Full-Price
The biggest piece of advice Mercedes Owens gives to incoming freshman: Never buy new textbooks. “In my four years, I think I bought two textbooks,” says Owens, a 21-year-old senior at the University of Pennsylvania majoring in economics and minoring in consumer psychology.
On the first day of class, she asks professors if owning a hard copy of the book is required. “They’re so expensive,” says Owens, who is president of her school’s Undergraduate Assembly. “I wouldn’t recommend spending $300 on a book if it’s optional.”
Looking to save on something you’ll only use for a semester? Many textbook companies make their online versions available at discounted or bulk prices. You can also find copies of most textbooks on reserve at the campus library, buy or rent used copies at heavy discounts, or ask your