Financial Aid

The First Step In Paying For An Online College Education

Financial Aid

Posted by Saint Leo University Online on Apr 4, 2013 8:06:00 AM

When it comes to finding ways of paying for an online college education, the first and biggest step you can take is to avoid overspending.


Saint_Leo_University_OnlineWho knows better than a college student how to scrimp and save?

You're an expert at stretching a dollar at the grocery store. Ramen noodles aside, you can cook up nutritious meals on the cheap. You know where to get the best deals on textbooks. You hoard coupons and frequent buyer cards. And you're constantly on the prowl for untapped resources for scholarships.

You don’t have a wallet bulging with disposable income. So overspending may be a non-issue.

But for 52 percent of Americans, it is.

Regardless, who could pass on free advice about saving money?

The infographic below indicates that only 50 percent of Americans set up a monthly budget, out of which 21 percent have trouble sticking with it.

It also offers 15 tips to stop overspending, most of which are common sense practices for anyone still waiting to hit the lottery -- and you may find them helpful as you look for ways to save for an online college education.

  1. Keep track of spending.

  2. Stick to your budget.

  3. Create a shopping list.

  4. Don’t buy something just because it is on sale.

  5. Make price comparisons.

  6. Ask yourself before buying.

  7. Carry enough cash.

  8. Eliminate unnecessary spending.

  9. Strive to live below your means.

  10. Find cheaper alternatives.

  11. Appreciate what you have.

  12. Set your own spending limits.

  13. Learn how to find great deals.

  14. Don’t count on your credit cards.

  15. Get professional help.

Any other tips on how to save? Please share in the comments section below.

Overspending in America – Statistics and Facts

Infographic by- The Credit Examiner

Image Credit: tobanblack on Flickr/Creative Commons

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Topics: Saving Money

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