Financial advice to read before your student heads to college

Posted at 5:19 PM, Aug 17, 2016
and last updated 2016-08-17 17:19:40-04

Heading off to college is an exciting time for students and parents but before move-in day, you may want to read these financial tips from an expert: 

1. Budget: Know what money is coming in and what is going out

2. Open a checking and savings account: Keep track of your money, allows parents to make deposits, be aware of fees

3. Be careful with credit cards: Choose one with a low interest rate and don't spend more than you can pay off at the end of the month

4. Student loans: Only borrow what you need and start making payments as soon as possible