<p class="p1">Summer is usually a time when college students can pick up a full-time job and set aside cash for the next semester. But this year, things are different. Millions of college students saw their summer jobs fall through because of the coronavirus, leaving them with less savings than expected.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.99 -->
<div class="quads-location quads-ad135805 " id="quads-ad135805" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">

</div>

<p class="p1">The pandemic may have cancelled your job, but it hasn’t stopped fall classes. With most colleges still running, how can you handle the cost of your education when you’re starting on the wrong foot? Check out these money management tips to help you save more money.</p>
<h2 class="p2">1. Take Advantage of Remote Learning</h2>
<p class="p1">You may be attending class via Zoom this fall, but you probably <a href="https://money.com/online-college-classes-cheaper-tuition/"><span class="s1">won’t see a discount</span></a> for remote learning.</p>
<p class="p1">That’s a bummer, but there may be a silver lining. With no need to make an in-person appearance, you can cut costs by living at home or with roommates in a cheaper neighborhood. This can help you avoid many of the costs of attendance, such as dorm rooms and eating plans.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.99 -->
<div class="quads-location quads-ad135804 " id="quads-ad135804" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">

</div>

<h2 class="p2">2. Draw up a New Budget</h2>
<p class="p1">Living off-campus may be cheaper in many respects, but it can bring about new expenses you weren’t expecting. If you and your friends moved out of the city to score a rock-bottom rental, you’ll probably need a car to get around. Now you have to think about how you’ll pay for maintenance, gas, parking, insurance, and more.</p>
<p class="p1">You’ll have to budget for these new expenses carefully. To do that, you’ll have to note down what your income is this fall, including:</p>
<ul class="ul1">
<li dir="ltr">
<p dir="ltr">Student loans</p>
</li>
<li dir="ltr">
<p dir="ltr"><a href="https://www.cappex.com/scholarships/financial-need-based">Financial need scholarships</a></p>
<!-- WP QUADS Content Ad Plugin v. 2.0.99 -->
<div class="quads-location quads-ad135804 " id="quads-ad135804" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">

</div>

</li>
<li dir="ltr">
<p dir="ltr">Savings</p>
</li>
<li dir="ltr">
<p dir="ltr">Any help you get from family</p>
</li>
</ul>
<p class="p1">Compare this list to everything you’ll need to pay for over the year, including:</p>
<ul class="ul1">
<li class="li1">Tuition</li>
<li class="li1">Books</li>
<li class="li1">Groceries</li>
<li class="li1">Rent</li>
<li class="li1">Bills</li>
</ul>
<p class="p1">Set your spending limits on the above expenses to ensure your income stretches to cover all your bills.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.99 -->
<div class="quads-location quads-ad135804 " id="quads-ad135804" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">

</div>

<h2 class="p2">3. Set Aside Savings</h2>
<p class="p1">A well-balanced budget will include emergency savings so that you aren’t caught out when something goes wrong. Like if that used car you get runs into trouble, and you have to take it in for surprise repairs.</p>
<p class="p1">Without an emergency fund, you may want to consider borrowing a personal loan carefully. If you don’t have great credit, an installment loan for bad credit may be one of the <a href="https://www.moneykey.com/blog/5-lending-alternatives-to-mainstream-banks/"><span class="s1">alternatives to mainstream banks</span></a>.</p>
<p class="p1">Bad credit installment loans work as a safety net for when your emergency fund falls short, but it doesn’t replace the need for savings. Tweak your budget to set aside some savings, even if it’s just $10 here or there. That $10 is better than nothing!</p>
<h2 class="p2">4. Apply for Financial Relief</h2>
<p class="p1">While you may not qualify for traditional unemployment insurance as a student, you may be eligible for the <a href="https://www.dol.gov/coronavirus/unemployment-insurance#faqs"><span class="s1">federal pandemic unemployment assistance (PUA) program</span></a>. This special benefit is a part of the CARES Act and may be available if you lost work because of the pandemic, even if you are:</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.99 -->
<div class="quads-location quads-ad135804 " id="quads-ad135804" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000">

</div>

<ul class="ul1">
<li class="li1">Self-employed</li>
<li class="li1">Seeking part-time employment</li>
<li class="li1">Someone who doesn’t qualify for traditional UI, including students</li>
</ul>
<p class="p1">As a relief benefit, the PUA is not a personal loan you have to pay back, but you will have to pay taxes on it.</p>
<h2 class="p2">Bottom Line</h2>
<p class="p1">The new semester may be the strangest one yet, but it probably won’t set a precedence. Eventually, things will return to normal, including your ability to work and save between semesters. Until then, fall back on your budget and reach out for help when you need it!</p>

<div class="essb_links essb_counter_modern_right essb_displayed_bottom essb_share essb_template_default4-retina essb_1864765916 print-no" id="essb_displayed_bottom_1864765916" data-essb-postid="137102" data-essb-position="bottom" data-essb-button-style="button" data-essb-template="default4-retina" data-essb-counter-pos="right" data-essb-url="https://www.explosion.com/137102/4-money-management-tips-for-the-fall-semester/" data-essb-fullurl="https://www.explosion.com/137102/4-money-management-tips-for-the-fall-semester/" data-essb-instance="1864765916"><ul class="essb_links_list"><li class="essb_item essb_link_facebook nolightbox essb_link_svg_icon"> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.explosion.com%2F137102%2F4-money-management-tips-for-the-fall-semester%2F&t=4+Money+Management+Tips+for+the+Fall+Semester" title="Share on Share" onclick="essb.window(&#39;https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.explosion.com%2F137102%2F4-money-management-tips-for-the-fall-semester%2F&t=4+Money+Management+Tips+for+the+Fall+Semester&#39;,&#39;facebook&#39;,&#39;1864765916&#39;); return false;" target="_blank" rel="nofollow" class="nolightbox essb-s-bg-facebook essb-s-c-light essb-s-ch-light essb-s-bgh-dark essb-s-bg-network" ><span class="essb_icon essb_icon_facebook"><svg class="essb-svg-icon essb-svg-icon-facebook" aria-hidden="true" role="img" focusable="false" xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 16 16"><path d="M16 8.049c0-4.446-3.582-8.05-8-8.05C3.58 0-.002 3.603-.002 8.05c0 4.017 2.926 7.347 6.75 7.951v-5.625h-2.03V8.05H6.75V6.275c0-2.017 1.195-3.131 3.022-3.131.876 0 1.791.157 1.791.157v1.98h-1.009c-.993 0-1.303.621-1.303 1.258v1.51h2.218l-.354 2.326H9.25V16c3.824-.604 6.75-3.934 6.75-7.951"></path></svg></span><span class="essb_network_name">Share</span></a></li><li class="essb_item essb_link_twitter nolightbox essb_link_twitter_x essb_link_svg_icon"> <a href="https://x.com/intent/post?text=4%20Money%20Management%20Tips%20for%20the%20Fall%20Semester&;url=https%3A%2F%2Fwww.explosion.com%2F137102%2F4-money-management-tips-for-the-fall-semester%2F" title="Share on Tweet" onclick="essb.window(&#39;https://x.com/intent/post?text=4%20Money%20Management%20Tips%20for%20the%20Fall%20Semester&;url=https%3A%2F%2Fwww.explosion.com%2F137102%2F4-money-management-tips-for-the-fall-semester%2F&#39;,&#39;twitter&#39;,&#39;1864765916&#39;); return false;" target="_blank" rel="nofollow" class="nolightbox essb-s-bg-twitter essb-s-c-light essb-s-ch-light essb-s-bgh-dark essb-s-bg-network" ><span class="essb_icon essb_icon_twitter_x"><svg class="essb-svg-icon essb-svg-icon-twitter_x" aria-hidden="true" role="img" focusable="false" viewBox="0 0 24 24"><path d="M18.244 2.25h3.308l-7.227 8.26 8.502 11.24H16.17l-5.214-6.817L4.99 21.75H1.68l7.73-8.835L1.254 2.25H8.08l4.713 6.231zm-1.161 17.52h1.833L7.084 4.126H5.117z"></path></svg></span><span class="essb_network_name">Tweet</span></a></li><li class="essb_item essb_link_pinterest nolightbox essb_link_svg_icon"> <a href="#" title="Share on Pin It" onclick="essb.pinterest_picker(&#39;1864765916&#39;); return false;" target="_blank" rel="nofollow" class="nolightbox essb-s-bg-pinterest essb-s-c-light essb-s-ch-light essb-s-bgh-dark essb-s-bg-network" ><span class="essb_icon essb_icon_pinterest"><svg class="essb-svg-icon essb-svg-icon-pinterest" aria-hidden="true" role="img" focusable="false" width="32" height="32" viewBox="0 0 32 32" xmlns="http://www.w3.org/2000/svg"><path d="M10.625 12.25c0-1.375 0.313-2.5 1.063-3.438 0.688-0.938 1.563-1.438 2.563-1.438 0.813 0 1.438 0.25 1.875 0.813s0.688 1.25 0.688 2.063c0 0.5-0.125 1.125-0.313 1.813-0.188 0.75-0.375 1.625-0.688 2.563-0.313 1-0.563 1.75-0.688 2.313-0.25 1-0.063 1.875 0.563 2.625 0.625 0.688 1.438 1.063 2.438 1.063 1.75 0 3.188-1 4.313-2.938 1.125-2 1.688-4.375 1.688-7.188 0-2.125-0.688-3.875-2.063-5.25-1.375-1.313-3.313-2-5.813-2-2.813 0-5.063 0.875-6.75 2.688-1.75 1.75-2.625 3.875-2.625 6.375 0 1.5 0.438 2.75 1.25 3.75 0.313 0.313 0.375 0.688 0.313 1.063-0.125 0.313-0.25 0.813-0.375 1.5-0.063 0.25-0.188 0.438-0.375 0.5s-0.375 0.063-0.563 0c-1.313-0.563-2.25-1.438-2.938-2.75s-1-2.813-1-4.5c0-1.125 0.188-2.188 0.563-3.313s0.875-2.188 1.625-3.188c0.75-1.063 1.688-1.938 2.688-2.75 1.063-0.813 2.313-1.438 3.875-1.938 1.5-0.438 3.125-0.688 4.813-0.688 1.813 0 3.438 0.313 4.938 0.938 1.5 0.563 2.813 1.375 3.813 2.375 1.063 1.063 1.813 2.188 2.438 3.5 0.563 1.313 0.875 2.688 0.875 4.063 0 3.75-0.938 6.875-2.875 9.313-1.938 2.5-4.375 3.688-7.375 3.688-1 0-1.938-0.188-2.813-0.688-0.875-0.438-1.5-1-1.875-1.688-0.688 2.938-1.125 4.688-1.313 5.25-0.375 1.438-1.25 3.188-2.688 5.25h-1.313c-0.25-2.563-0.188-4.688 0.188-6.375l2.438-10.313c-0.375-0.813-0.563-1.813-0.563-3.063z"></path></svg></span><span class="essb_network_name">Pin It</span></a></li><li class="essb_item essb_link_mail nolightbox essb_link_svg_icon"> <a href="#" title="Share on Email" onclick="essb_open_mailform(&#39;1864765916&#39;); return false;" target="_blank" rel="nofollow" class="nolightbox essb-s-bg-mail essb-s-c-light essb-s-ch-light essb-s-bgh-dark essb-s-bg-network" ><span class="essb_icon essb_icon_mail"><svg class="essb-svg-icon essb-svg-icon-mail" aria-hidden="true" role="img" focusable="false" width="32" height="32" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 60 60"><polygon points="60,50.234 60,9.944 39.482,30.536 " /><polygon points="0,9.941 0,50.234 20.519,30.535 " /><path d="M1.387,8.5l21.002,21.08c0.121,0.051,0.471,0.415,0.517,0.519l5.941,5.963c0.635,0.591,1.672,0.59,2.333-0.025l5.911-5.933c0.046-0.105,0.4-0.473,0.522-0.524L58.615,8.5H1.387z" /><path d="M38.07,31.954l-5.5,5.52c-0.73,0.68-1.657,1.019-2.58,1.019c-0.914,0-1.823-0.332-2.533-0.993l-5.526-5.546L1.569,51.5h56.862L38.07,31.954z" /></svg></span><span class="essb_network_name">Email</span></a></li></ul></div>
0 Comments