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College Success Skills: Managing Finances

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How To Stick To Your Budget 

  • Don't spend more money than you have.
  • Stick to your grocery list and never go grocery shopping when you are hungry.
  • Pack a lunch each day.
  • Remind yourself frequently of your financial goals.
  • Use cash. Using cash to pay for your daily expenses will help you visualize money being spent and make it harder to part with.
  • Borrow materials from your library.

Money Management Tips

1. Financial planning. The best way to take charge of your money is to have both short and long-term plans. Clarify what your financial goals are, determine how you will reach these goals, and then take action to achieve them.

2. Create a budget and stick to it. This is incredibly important. Budgeting involves knowing what you have coming in and restricting what goes out by making a list monthly income sources (e.g. wages, parental allowances, etc) and estimated expenses for the month. Try managing your budget and tracking expenses using an online personal finance management tool like, which helps you easily create and stick to a budget.  

3. Get organized. Create a filing system to keep track of financial paperwork and other important documents to help you pay bills on time and meet important deadlines. Keeping records also helps you identify errors in your financial records and recall important dates, for example loan repayments and bill due dates.

4. Protect your personal information. Don't give anyone your Social Security number, credit card, or bank account information unless you know why the individual or organization is requesting them. Review credit card statements and bills for unauthorized use. If you suspect fraud, call the company immediately. If you're a victim of identity theft, report it to the police and your bank immediately.

Clark Howard: Consumer Advocate and Commentator 

Clark Howard is a popular Radio and TV consumer expert. He gives advice on ways to save and spend less money, as well as avoid getting ripped off. In addition, he shows consumers how to prepare their finances for the future.

The site features articles and links to recommended services:

The Student Guide to Personal Finance 

Park University Library
8700 NW River Park Drive, Box 61 - Parkville, MO - 64152
Phone: (816) 584-6285
Toll-free: (800) 270-4347