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Learn how Ready Set Grad can help you stay on track to graduate and succeed.

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grade6
set

9th Grade

Set : Managing Your Money

When you think of the cost of college, you might think of tuition first, but you should remember there are other costs. These can include mandatory fees, room and board (food), books, transportation, and supplies. You can’t control the price of tuition or mandatory fees, but you can control the others by becoming financially literate, saving money in advance, and learning how to save on the other costs. For example, you can save on books by buying used rather than new! Many scholarships and grants will also grant you money for books or other expenses, so be sure to apply for those!

"Learn more about managing your money  

Set a savings goal and figure out how you can achieve that. Talk to your family about savings accounts, federal savings bonds, stocks and mutual funds, college savings plans, and the other ways they can save. If you earn money by babysitting, mowing your neighbors’ lawns, or something else, practice setting up a budget of how much you’ll earn, how much you can spend now, and how much you want to save in your bank account. If you don’t already have an account with a bank or credit union, talk to your family about starting one.

Your Savings Goal

To understand how much you will need to save, try this college savings calculator. It will help you estimate the cost of attending a college or university and then determine how much you will need to save to meet those costs. You don’t need to save the total cost. Your family may be able to help, and financial aid is available to those who need it.

Ways to Save

For more information about ways to save for college, talk with a qualified investment advisor or a representative at your local credit union or bank. They can tell you about saving for college using:

  • College savings plans
  • Federal savings bonds
  • Stocks and mutual fund accounts, and more
  • Matching programs for college savings accounts