9. Say No to Student Loans

Student loans seem so harmless. Just sign your name on the dotted line, and you can just pay later! Oh, and if you can’t afford it when you graduate, you’ll just postpone them until later, or combine them in a consolidated loan. Trust me- this is not what happens. In fact, I have student loans I pay for every single day which promised me I could postpone them, yet because I don’t qualify for certain benefits, or because of my age, I have to pay for them. If I don’t, they take it out of my taxes. I signed up for student loans because I felt sure I’d get a job after graduation.

Although I love my job and wouldn’t trade it for the world, it’s not what I went to school for and yet my student loans take most of my budget. Be careful and try to get as many scholarships as possible, apply for government sponsorships or search for community opportunities that allow you to get college credit by doing community service. If you can’t afford your school of choice, then consider a lower-priced institution. Otherwise, you’ll be using most of your paychecks to pay for student loans for the next 20 years of your life, and you possibly won’t be using the degree you went to school for anyway.

While I’m not a money expert, all the tips above are simple and very common things that happen to women in their 20s. Your 20s represent the time to spend smart, save more, work to build your resume and get a hold of your budget. If you’re out of your 20s, what money lessons did you learn? Or, if you’re in your 20s, what money questions do you have?

Sources: cnbc.com

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