3 Ways to Help Your University Student Manage Their Student Debt
For many young adults, the post-secondary years signal the beginning of financial independence. While that can be exciting, it can also be a little overwhelming. The cost of living is high, money is often tight and tuition is continuously rising; which means that debt can add up quickly.
Here are three tips to help you as a parent get your university student off on the right foot, and stay in control of their finances throughout their university years:
Help them follow a budget
Budgeting is now easier than ever as there are many different ways to do it. Whether simply putting pen to paper, using an app, or using the jar and envelope method, there are options to choose from. If you help your child find the budgeting method that works for them and suits their lifestyle, they’ll be more likely to follow it.