{"id":136,"date":"2018-07-17T08:50:08","date_gmt":"2018-07-17T12:50:08","guid":{"rendered":"http:\/\/blogs.uww.edu\/financialliteracycenter\/?p=136"},"modified":"2018-07-17T08:51:09","modified_gmt":"2018-07-17T12:51:09","slug":"summer-finance-checklist-for-students","status":"publish","type":"post","link":"https:\/\/blogs.uww.edu\/financialliteracycenter\/2018\/07\/17\/summer-finance-checklist-for-students\/","title":{"rendered":"Summer Finance Checklist for Students"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-146 aligncenter\" src=\"http:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/07\/social-checklist-300x149.png\" alt=\"\" width=\"300\" height=\"149\" srcset=\"https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/07\/social-checklist-300x149.png 300w, https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/07\/social-checklist-768x381.png 768w, https:\/\/blogs.uww.edu\/financialliteracycenter\/files\/2018\/07\/social-checklist.png 994w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Whether this is your first year of college, last year, or somewhere in between, summer is a great time for you (and your parents) to get your financial planning in order.\u00a0 College students often find themselves living within tight budgets, but pre-planning during the summer months may help with daily financial decisions when away at school.<\/p>\n<ul>\n<li><strong>Figure out and identify how you&#8217;re going to pay for tuition and other college expenses<\/strong><em>.<\/em>\u00a0 There are billing and payment dates each semester that need to be taken seriously.<\/li>\n<li><strong>Create and stick to a budget.<\/strong>\u00a0 List each income source (scholarships, grants, work study, job, savings, parents, federal loans, private loans, etc.) and estimated expenses. Common expenses often overlooked are course\/lab fees, daily toiletries and supplies, extracurricular activities, traveling home during breaks and holidays, and gift-giving.\u00a0 Any amount leftover at the end of the month should be place into savings for future emergencies.<\/li>\n<li><strong>Open a checking account.\u00a0<\/strong> Consider opening a checking account and using a debit card.\u00a0 Cash is convenient, but easy to spend.\u00a0 Checking accounts keep your money safe, and they help track where your money is going.<\/li>\n<li><strong>Apply for a credit card (when ready).<\/strong>\u00a0 It&#8217;s a great way to start building credit as long as you use the card wisely and pay off the balance each month.<\/li>\n<li><strong>Obtain appropriate insurance.<\/strong>\u00a0 Every family and household is unique.\u00a0 Contact your insurance provider for information on specific policies that work for you.\n<ul>\n<li><em>Personal article policies<\/em> for items like student electronics, musical instruments, sports equipment, and jewelry are offered by insurance companies.<\/li>\n<li>If living off-campus, <em>renters insurance<\/em> can be obtained to protect against property loss and liability.<\/li>\n<li>If living on-campus, verify parent <em>homeowners policy<\/em> coverage for extension to your dorm room.<\/li>\n<li><em>Auto insurance<\/em> rates may vary depending if you drive while at school or leave your vehicle at home.\u00a0 In addition, check for student discounts (resident student, good student, anti-theft).<\/li>\n<\/ul>\n<\/li>\n<li><strong>Become financially organized.\u00a0<\/strong> Determine how you are going to keep track of financial records, bills, and bank statements in order to maintain records and pay bills on time.\u00a0 Consider an accordian file, envelopes, or manilla folders in a secure location.\u00a0 Being organized will help avoid late fees and damage to credit scores.<\/li>\n<li><strong>Be vigilant of identity theft dangers.<\/strong>\u00a0 Password protect your computers and phones.\u00a0 Store important documents (birth certificate, social security card, etc.) in a safe and locked location.\u00a0 Be cautious with information posted on social media sites.<\/li>\n<\/ul>\n<p>While the first day of classes is just over a month away, the days of summer are starting to fade.\u00a0 Consider this checklist when readying yourself to come\/return this fall.\u00a0 Visit the <a href=\"http:\/\/www.uww.edu\/adminaffairs\/finance\/financial-literacy\">Financial Literacy Center<\/a>&#8216;s website and like our <a href=\"https:\/\/www.facebook.com\/uwwfinancialliteracycenter\/\">Facebook<\/a> page for more information and resources on financial topics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether this is your first year of college, last year, or somewhere in between, summer is a great time for you (and your parents) to get your financial planning in order.\u00a0 College students often find themselves living within tight budgets, but pre-planning during the summer months may help with daily financial decisions when away at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.uww.edu\/financialliteracycenter\/2018\/07\/17\/summer-finance-checklist-for-students\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Summer Finance Checklist for Students&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7648,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[13057,881891,24624],"tags":[881908,881905,881902],"class_list":["post-136","post","type-post","status-publish","format-image","hentry","category-insurance","category-protecting-id","category-summer-break","tag-financechecklist","tag-summerbreak","tag-uwwfinancialliteracycenter","post_format-post-format-image"],"_links":{"self":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/users\/7648"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":8,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"predecessor-version":[{"id":147,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/posts\/136\/revisions\/147"}],"wp:attachment":[{"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.uww.edu\/financialliteracycenter\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}