Invest in Extra Help
Some of us aren’t great at budgeting or organization, especially when it comes to learning how to keep track of college expenses. To continue on with our top ten tip ideas, consider investing in extra help:
6. Take a Class – Almost every community college offers non-credit courses on budgeting. Enroll in a course if you need help in budgeting and record keeping. Some courses recommend utilizing Quicken Online to help you keep track of expenses.
7. Work With the College – Some colleges also have financial or life economic skills classes that both the student and the parent can attend.
8. College Reminders – Ask the college if they can set up reminders they can email you when tuition and room and board expenses are due.
9. Find a Retiree – Often the best expense tracking help can come from someone who has done it before. Many local economic development centers offer free help from expert seniors on not only tracking expenses but also guiding you through financial and budgeting tips.
10. Workbooks – Books like Tracking Your Expenses A Workbook for Simplified Financial Organizing, is available at Amazon if you’re more of a pencil and calculator person. This workbook offers monthly, quarterly, and annual spreadsheets you can create by hand and keep organized in a monthly folder.
Learning how to keep track of college expenses is a great way to not only stay within the budget you allot for your child’s education, it can be a great organized system that is easy to retrieve at tax time.
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