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Money matters: How to save money, manage your first bank account and debunk the myth of free money

Penny pinching is a great money saving tactic for college students. (Credit: kabunosekai)

Penny pinching is a great money saving tactic for college students. (Credit: kabunosekai)

Going away to college likely means that for the first time you’re dealing with money matters on your own. It’s a time to learn how to save money, manage your first bank account, pay bills and budget your cash. Learning about money is one of those required skills you have to learn by doing. First of all, you need to understand that there is no such thing as free money.

The myth of free money

Nothing is completely free. You either pay in money or you pay in time or in effort. Read more