1. Build Credit Wisely
Having a solid credit history is essential for achieving financial goals like renting an apartment, buying a car, or even landing your dream job. While cash is great for everyday expenses, understanding and using credit responsibly is a powerful tool for your future.
- Start Small: Consider a secured credit card or become an authorized user on a trusted family member’s credit card.
- Understand Offers: College students often receive an influx of credit card offers, but not all are created equal. Look for low-interest rates, no annual fees, and manageable credit limits.
- Pay in Full: Always aim to pay your balance in full each month to avoid interest and build positive credit history.
If you’re unsure about which option is right for you, reach out to Volt Credit Union—we’re happy to guide you!
2. Create a Budget That Works for You
Budgeting doesn’t have to be complicated, but it does need to reflect your priorities. By tracking your spending and identifying areas where you can cut back, you’ll free up funds for what matters most.
- Track Expenses: Apps and tools can help you monitor where your money goes, whether it’s textbooks, coffee, or nights out.
- Cut Costs: Small changes, like making your own coffee or cooking meals, can save hundreds over a semester.
- Plan Ahead: Set aside money for emergencies, tuition payments, and larger purchases.
Volt Credit Union offers financial tools to help you stay on top of your budget, so you can focus on your studies and future goals.
3. Take Advantage of Scholarships and Loans
Investing in your education is one of the smartest financial decisions you’ll make, and Volt Credit Union is here to help lighten the load.
Apply for Volt’s 2025 Scholarship Program:
We’re proud to support students pursuing higher education. Don’t miss out on the chance to apply for scholarships that can make a big difference. Learn more and apply today.Explore Student Loan Options:
Through our partnership with Sallie Mae, Volt offers flexible student loan options to cover expenses beyond tuition, such as housing, textbooks, and even technology. Explore your options here.
4. Don’t Be Afraid to Ask for Help
Managing finances can be overwhelming, but you’re not alone. Volt Credit Union is here to support you every step of the way.
- Visit a Branch: Our friendly team can help you open accounts tailored to your needs, like a rent account or emergency savings account.
- Seek Guidance: Have questions about budgeting, credit, or loans? We’re happy to help you create a plan that fits your lifestyle and goals.
5. Focus on Financial Wellness for the Long Term
College is just the beginning of your financial journey. By building strong habits now, you’ll set yourself up for success long after graduation. Take advantage of the resources and support available to you, whether it’s learning about investments, saving for major milestones, or planning for retirement.
At Volt Credit Union, we’re committed to empowering students to reach their full potential. From scholarships and student loans to budgeting tools and expert advice, we’re here to help you achieve financial wellness at every stage of life.
Let us be your partner in Powering Your Potential.