Navigate The Path To Success

In today’s economy, just about everyone — not just recent college graduates — is looking for ways to cut back on their expenses and save money. So if you’ve created a budget and you’re coming up short, you’re not alone. Here are some tips to help guide you on bringing your expenses down to where you need them to be.

1) Banking/Credit
-Check credit unions and local banks for the best deals on checking and savings accounts.
-If you use credit cards, pay off the full balance each month.
-Avoid fees whenever possible.

2)ENTERTAINMENT
-Take advantage of free activities — like visiting museums or going to parks.
-Rent movies instead of going to the theater.

3)FOOD/GROCERIES
-Eat out less frequently; pack a lunch for work.
-Take advantage of specials and coupons
– Buy food in bulk

4)HEALTH/PERSONAL
-Ask your doctor if generic forms of your prescription drugs are available

5)HOUSING
-Consider getting a roommate
-Look for a place to live that’s close to public transportation
-Lower the thermostat a few degrees in winter; raise it a few degrees in summer

6)SHOPPING
-Check out thrift stores, Goodwill, the Salvation Army, etc., for furniture, kitchen supplies, and other household items

7)TRANSPORTATION
-Use public transportation when possible
-Carpool or use a car-sharing service
-Walk or bike to work

Visit Navient for more tips and a monthly budget worksheet to help you on the path to financial success.