For many Buffs, college is often the first time you’re managing money on your own. While it may seem challenging at first, adopting a few easy habits can empower you to manage your money confidently and pave the way for future success. Here are some practical tips to help you thrive financially. 

  Pay your bills on time

Late payments means extra fees, service interruptions and a hit to your credit score. 

How to avoid common pitfalls:

• Set up automatic payments or calendar reminders.

• Always check your account balance to avoid overdraft fees.

• Short on cash? Call the company before the due date. Many will offer payment plans or extensions. 

  Keep credit card debt under control

Many students get their first credit card in college, and it can be easy to make mistakes. Credit cards can help build credit and cover emergencies, but they can also lead to long-term debt if you’re not careful. 

What to know:

• Interest rates are high, and paying only the minimum each month mostly covers interest—not your balance.

• Overspending on everyday purchases or impulse buys can add up fast.

• Set personal rules: for example, use your card only for travel or emergencies and pay it off immediately.

• Planning a big purchase? Save first instead of relying on credit. 

  Create a spending plan

A budget isn’t about restriction—it’s about control. Your budget can help you manage spending, avoid debt and plan ahead. 

Start simple:

• Track your monthly expenses (rent, food, entertainment, etc.).

• Separate needs vs. wants and look for ways to save (like cooking at home instead of getting takeout).

• Review your budget regularly (weekly or monthly, whatever works for you). 

  Start saving (even a little!)

Saving on a student budget is tough, but it’s worth it and can help you avoid financial stress. 

Pro tips:

• Pay yourself first: set aside a small amount of your paycheck before spending on anything else.

• Build an emergency fund for unexpected costs.

• Don’t stress if you need to dip into savings (that’s what it’s for!). 

Remember, managing money takes practice. If you slip up, don’t panic—just keep learning. 

Find support 

If you’re struggling with housing or food insecurity, check out the Basic Needs Center for resources like emergency housing, the Buff Pantry for food and workshops on budgeting and well-being.