When you're in college, you're likely thinking about what you can afford to buy, rent, and eat on a monthly basis. But, there are many other expenses you need to consider, too. Rent, utilities, and food are just a few examples. Besides, you'll also have to pay for school supplies and textbooks, and any part-time paychecks or financial aid you receive. Once you've calculated your monthly expenses, the remaining amount is available for discretionary expenses, like concerts, takeout, or trips home. If you're a college student, you might want to consider an online financial planning tool. The Motley Fool's website offers several helpful resources, including a podcast devoted to financial matters, such as college funding. This podcast, which airs on several different radio stations, provides tips and advice on investing and paying for college. You can get more enlightened on this topic by visiting this page. CFS's college-planning software is a valuable resource for parents and financial advisors. It has hundreds of actionable strategies that help families save money for college, reduce their out-of-pocket expenses, and improve their retirement savings outlook. With its customizable reports, advisors can use the software to advise their clients. The software can even help you plan for the future, too! If you're thinking about buying a financial planning tool for college, be sure to check out CFS. A few free and paid tools are available to students who like to organize financial data. Google Sheets, for example, is an easy-to-use cloud-based tool that helps students organize financial data before making major decisions. You can even use Google Sheets to create a spreadsheet comparing different housing options before you make any final decisions. If you're a student with a school email address, you can also sign up for Office 365 Education, which includes Microsoft Excel and other financial management programs. The latter tool can be customized and includes countless budgeting templates. If you're a family with college-bound children, you may want to consider extended college planning. This kind of plan combines traditional college planning with some retirement planning. You'll get a tax deduction for the money you've saved, and you'll enjoy tax-free growth on your money! You'll also be able to avoid paying the hefty fees that come with having to pay for college. That's why extended college planning is so valuable. For more information about financial planning ,view here. Another useful financial planning tool for college students is the Good Calculators hub. Designed to be a financial education hub, Good Calculators features calculators and information on a variety of financial topics. Check out the information library to learn more about financial planning. This can help you to avoid pitfalls like double charges and fraud. You can also take advantage of free financial planning tools available online, such as the U.S. Securities and Exchange Commission. The next step is to build a budget. There are numerous financial planning tools available online, which make this task easier than ever. For college students, Smartest is a popular choice because it matches you with three local financial advisors and allows you to interview them for free. Once you've established a plan and budget, you can set financial goals and track your spending. Once you've done this, you're on the road to financial freedom! Education is a never ending process, so discover more here: https://en.wikipedia.org/wiki/Financial_system.
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