It's easy to see that college students have plenty of responsibilities to account for. Everything from exams to personal life must be taken into account, but it's easy for non-students to overlook financial stressors. It's easy for someone to become stressed as a result of money, especially when they have to worry about their grades. When it comes to reducing financial stress, here is some useful insight provided by Robert Jain.
One of the ways to reduce financial stress in college, according to the likes of Bob Jain is by getting plenty of rest. Obviously, this won't magically solve your problems with money, but many people feel stressed because they aren't getting the rest they need. Sleepless nights due to extensive projects and upcoming exams shouldn't be commonplace. Focus on sleeping earlier so that you're more relaxed the following day.
Financial stress may come from a misunderstanding of needs and wants. In simplest terms, the former can be deemed immediate and the latter can be held off on or ignored entirely. For instance, if you have your sights set on a new car, you have to ask yourself if you absolutely need it in the moment. On the flipside, if your current car is low on gas, it's necessary to spend the money on fuel. This is another great way to keep your stress levels low.
The source of your financial stress could be your job, too. It's possible that the drive from your home to your place of work is extensive, meaning that more money will have to be spent on resources like gas or fuel. Perhaps you're struggling with having your job coincide with your academic responsibilities. Issues like these can add to the financial stress you experience, so see if there are other options that are more flexible with regard to your education.
Lastly, it may be in your best interest to build an emergency savings account early on. The best thing about this is that you don't have to sacrifice too much money; a few dollars each week will do the trick. As time goes on and more money is saved, you're able to develop an account that can be used in case the unexpected arises. What this means is that you won't have to worry about paying for much out of your own pocket.
One of the ways to reduce financial stress in college, according to the likes of Bob Jain is by getting plenty of rest. Obviously, this won't magically solve your problems with money, but many people feel stressed because they aren't getting the rest they need. Sleepless nights due to extensive projects and upcoming exams shouldn't be commonplace. Focus on sleeping earlier so that you're more relaxed the following day.
Financial stress may come from a misunderstanding of needs and wants. In simplest terms, the former can be deemed immediate and the latter can be held off on or ignored entirely. For instance, if you have your sights set on a new car, you have to ask yourself if you absolutely need it in the moment. On the flipside, if your current car is low on gas, it's necessary to spend the money on fuel. This is another great way to keep your stress levels low.
The source of your financial stress could be your job, too. It's possible that the drive from your home to your place of work is extensive, meaning that more money will have to be spent on resources like gas or fuel. Perhaps you're struggling with having your job coincide with your academic responsibilities. Issues like these can add to the financial stress you experience, so see if there are other options that are more flexible with regard to your education.
Lastly, it may be in your best interest to build an emergency savings account early on. The best thing about this is that you don't have to sacrifice too much money; a few dollars each week will do the trick. As time goes on and more money is saved, you're able to develop an account that can be used in case the unexpected arises. What this means is that you won't have to worry about paying for much out of your own pocket.