Spending and College Students

Think before you spend.

¿Se pregunta a dónde va su dinero? Aquellas compras diarias realmente pueden sumar. Vea cuánto podría ahorrar al recortar unas pocas cosas.

Coffee with a grande price.
A cup of coffee at a local coffee shop can easily cost you $3. Get one cup every day, and you'll spend $1,095 a year! Instead, invest in a decent coffee maker for $30. Spend $8 on a pound of gourmet coffee, and you'll get about 40 cups from that. So even if you drink two cups a day, that's only $176 a year (including the coffee pot).

It's music to your wallet.
So, you love music and can't live without it? If you buy one album a week at $12.99, that's over $675 a year. Instead of buying the whole album and only listening to one or two of your favorites from it, why not try downloading individual songs you like at $1 each?

Slice your pizza spending.
Buy a $10 pizza a week, and you'll spend $520 a year. In comparison, you can pick up a gourmet frozen pizza at the grocery store for about $5. And it bakes in about half the time of delivery.

bombilla de consejo

Consejo inteligente

Track Your Spending
Conduct a self-audit of your spending. Use a smartphone money app or a simple notebook to record everything you spend money on. Make sure to record every little thing – because little things can really add up.

Water doesn't have to come out of a bottle. 
Walk into a convenience store, and you can expect to drop $1.39 for a bottle of water. The same water costs a fraction of a cent from the tap. Don't like the taste? Keep a lemon in the fridge and add a drop or two.

Credit cards – caution: buy now and you may pay a whole lot more later. 
Sure, it's easy to get what you want when you have a credit card. But if you only make your minimum payment every month, you could end of paying for that item several times over. The typical student credit card has a rate of about 18% APR. Assuming you make your minimum payment on time every month, it could take a long time to pay off that balance! Calculate for yourself!

Save now, retire comfortably 
If you're in your 20's, now's the time to start saving for retirement. Because the more you put away now, the harder your money can work for you by earning interest. It can be tough finding the money to save, but saving every day can add up over the years.

Este contenido no constituye un asesoramiento legal, impositivo, contable, financiero o de inversión. Le sugerimos que consulte con profesionales legales, fiscales, contables, financieros o de inversión competentes según sus circunstancias específicas. No brindamos garantías sobre la precisión o la integridad de esta información, ni respaldamos compañías, productos o servicios de terceros aquí descriptos y no nos hacemos responsables por el uso que usted le da a esta información.

Información importante

Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans. View and compare the available features of SunTrust private student loans.

Union Federal is a federally registered trademark of Cognition Financial Corporation. Start Student Loan is a trademark of Cognition Financial Corporation. Both are used by SunTrust Bank under license. SunTrust Bank is the lender of these private student loans and they are not offered in connection with any other lender or the federal government. Cognition Financial Corporation is not an affiliate of SunTrust Bank.

Es posible que se apliquen ciertas restricciones y limitaciones. SunTrust Bank se reserva el derecho a cambiar o interrumpir estos programas sin previo aviso. These loan programs are subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions.

Looking to reduce your interest rate by 0.50%?

If you are looking for a student loan, get 0.50% off the interest rate when you apply for a new Custom Choice Loan on or before 8/31/19!*

Read Important Disclaimers

* Offer valid for new Custom Choice Loans for which applications are submitted for a credit decision between 12:00:00am EST on June 1, 2019 and 11:59:59pm EST on August 31, 2019. A 0.50% interest rate reduction will be included in the loan options presented to an applicant during the online application process, upon passing the initial credit review. The interest rate reduction will be applied as of the first disbursement date and will be effective for the life of the loan.

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