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When you’re out on your own for the first time, it can be easy to live life to the fullest and avoid making a financial plan for the future. While it’s important to have plenty of fun while you’re in college, it’s absolutely vital that you form solid personal finance habits for the future. If you’re hoping to establish a bright financial future, consider the following tips regarding personal finance for young adults, from our personal finance blog.

Avoid Going Out Every Weekend

College students often find that their weekly budget is completely decimated by the end of a long night of partying. While exploring local bars can be a blast, it’s never a good idea to make it a weekly habit. If you love being social with your friends but you’d like to save money, be honest and open about the fact that you’re trying to conserve cash. Instead of going out for drinks every weekend, host a game or movie night at your apartment.  Make it BYOB to really save some money.

Shop at Stores That Offer Student Discounts

While it might feel like college is the most expensive time of your life, you can actually use your status as a full-time student to your advantage. Several stores offer steep discounts for students, including the one-stop-shop of Amazon and clothing retailers like J. Crew. While it’s smart to be frugal, everyone needs new clothes occasionally.  Often you can use your student ID card to score great deals.

Find New Auto Insurance

If your parents have cut you loose from their auto insurance, you might be tempted to go with one of the big-name insurers simply because you’ve heard about them. However, it’s often worth your while to shop for a local auto insurance company. It’s incredibly important to have car insurance so you’re prepared for the unexpected.  You’ll want to have the best coverage possible for the lowest price available.

Build Your Credit

Many students are unaware of how important it is to start building a spotless credit history during your college years. If you’ve heard about the dangers of credit cards and you believe you might be tempted to overspend if you apply for a card to your favorite store, opt for something boring, like a gasoline card. If you have a car on campus, you’ll need to refuel on a regular basis.  Having a gas card makes financial sense.  Just make sure you’re committed to paying off the balance in full each month.

Get a Part-Time Job

College tuition is skyrocketing, and ensuring that your grades are up to par is a must on your to-do list. However, if you’re an established student with good study habits, it might be the ideal time to start looking for a part-time job. If you’re hoping for a manager who’s understanding of your situation, consider searching for jobs within your university. These types of jobs are usually low-stress.  You can earn extra income while also having the ability to take off work as needed. In addition to the income that you’ll earn, a job is also great to have on your resume for after graduation.