If you’re a college freshman, congratulations! You’re now likely financially responsible for yourself.How do you make smart financial decisions so you have enough money to spend at school — and don’t graduate with more debt than you need?

💰The general rule of thumb for student loans is that your total debt when you graduate should not be more than your expected annual salary at your first job out of school.
💰 Opening up about money with your new college friends can make you feel less alone or ashamed about your situation — and even generate creative financial solutions. 
💰Before opening a credit card, shop around for the best interest rates and rewards. Try not to put things on your card that you can’t pay off in full by the due date. 
💰 Create a written roommate agreement outlining financial obligations for shared costs. 
💰 Apply to scholarships, even once you’re in college. 
💰 If you can, start making payments toward the interest on your loans while you’re still in school. 
💰 Consider getting a job near campus.

–Yanely Espinal