7 Smart Financial Goals for College Students - Brisebox

7 Smart Financial Goals for College Students

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Updated: Apr 20 2022

Maybe your budget never works out the way you hope.  You can become a guru in setting your financial goals. Your goals should give you focus and keep you accountable. It is what guides you into making new purchases that you will likely encounter down the road.




Here are 7 smart Financial goals for college students: 





1. Pay off Debt Early


You prepare to pay off debt early by figuring out your debt and allocating money towards it. Set goals, like “I will pay off student debt under 5 years”. “Purchase a car that will not bring me too much debt." “I will commit to paying $15 a week towards student loans or other loans.” 




2. Make a financial plan


A financial goal is any intention to use your money. One of the smart goal examples is constructing a plan. Planning smart goals helps you determine your plan monthly and become in charge of your debt and expenses. You can make a financial plan that will determine if you are likely to be in debt. 




3. Make a budget


Making a budget aligns you with Knowing that your money is going toward something. Writing the budget down makes it more important and helps you strive towards it. You are also more likely to actually achieve them, too. So go ahead—make the commitment to yourself by putting them in writing. 




4. Save an emergency fund


Save and prepare for an emergency fund. This is of one of the smart financial goals examples for students. It helps with your Financial goals because it will separate your money and do more of the stuff you want to do using your other funds. The emergency fund will simply be to cover things you’ll do in the future that will be unexpected. Some examples include losing a job and constant hospital visits. 




5. Avoid comparison


 If your friends are taking out second mortgages for wild and out of budget things, there are some things that your friend purchases that do not match your income. If they are making wild purchase on something they want, it is not compulsory that you do the same even though they are your friend. Avoiding this sort of behavior is common for important financial goals and thus setting smart goals.




6. Try money hacks 


Understanding money hacks empowers you to create smart goal examples that will change how you look at your money. You'll start to see how every decision you make matters to your greater financial health. 


For example, if you do not have financial goals, it is no big deal to buy coffee or groceries every day. If you want to do more than you ever thought possible, go on and set some goals and use smart goal examples. Decide what you want your future to look like and figure out what you need to do today to make it happen.




7. Make or set deadlines.


As you set a financial goal, we see the smarter financial goals have deadlines. This simple shows discipline and increases your chances of meeting your goal because it sets a sense of urgency. As you make the deadline, make sure that your goals are measurable.

Stacy Mitchell is a freelance multimedia journalist and content creator with in-depth experience developing and executing editorial strategy for some of the most pressing topics in finance, including, Gen Z credit literacy, and Personal finance. Contact

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