October 1, 2024

As you prepare to transition to college, you’re likely excited about new freedoms, but with freedom comes responsibility—especially when it comes to your finances. One of the first lessons you’ll learn is how to distinguish between needs and wants, a skill that will help you manage your money wisely and avoid unnecessary financial stress.

What are Needs?

Your needs are the essentials, the things you must pay for to survive and succeed. This includes tuition, textbooks, housing, food, and transportation. These are non-negotiables. If you don’t meet these basic needs, you’ll find it hard to focus on school and maintain