How to live debt-free as a student

Nov. 30, 2020
How to live debt-free as a student

If there is one good thing you should do for yourself as a student, it is the decision to make it through school debt-free.

To avoid debt at all costs, be on a budget. A budget is telling your money where to go instead of wondering where it went. Everything you will be doing should be on the budget. After writing the budget look for what you can cut out, things you can actually live without.

Another key to keeping expenses low and avoiding debt as a student is understanding that this is the time to learn how to live within your means. Your only source of income might be allowances and gifts and you have to be frugal with spending.

Finally, do not borrow money unless it is an emergency. This helps you to cultivate a very essential lesson in discipline. If you do it right, it will stick with you all your life.