This is a great first step in activating your financial freedom as an incoming college student. Having a checking and savings account allows for you to keep track of your money and gives your family the ability to quickly send you funds if needed. Have a debit card that is accepted everywhere, so you can make necessary purchases and obtain money when you need it.

Summer jobs are a great way to earn extra cash before heading to college. Remember, set aside some of your earnings for the upcoming year. This extra cash comes in handy for textbooks and food outside of your dining plan. Check out our tips on how to save during the summer.

• Don’t apply for multiple credit cards
• Become an authorized user on your parents’ account
• Make small purchases on a credit card and pay them off monthly.

If you’ve never followed a budget then now is the time to do so. You’ll have enough on your plate with classes, extracurricular activities, study groups, etc. Don’t put an extra load on your shoulders worrying about money. Write down all your expenses and all your income. Divvy up what money you need for bills, textbooks, events, etc. and then choose what to do with leftover funds.

Visit the FAFSA website and review your Student Aid Report. Make sure all the information is correct and current. If you received more loans than you need you may want to look at declining some of the loans. Once school is over, you’ll pay these back + interest so make sure you only take what you need.

Hundreds of companies offer student discounts on their products so don’t miss out! Apple offers a new student 15% discount every year. Another great one is Amazon’s 50% discount for prime services. This site offers a great list of different student discounts.

College textbooks can be extremely expensive and add up very fast. If you can, buy a used version. Look for a book exchange near your school that offers used textbooks for a discounted rate. Also, check the school’s library to see if they have the book available. Search for the “e-book” version or split the cost with a classmate.

This is a huge one. Enrolling in college means you’ll provide the school with personal information for tuition and housing purposes. Always verify who the information is being sent to. Double check the email address or website link you’re using to send your information. For more information about identity theft click HERE.