Going to college is one of the most exciting times of your life—making new friends, exploring new subjects, and maturing as a person. However, the college experience is expensive, even with financial aid. Start saving during the summer to help relieve some of the upcoming semester’s expenses. Here are a few tips to help you maximize your savings and grow your bank account at your credit union.

4 Tips to Grow Your College Savings at Your Local Credit Union

1. Set a Budget

It may be tempting to spend your entire paycheck as soon as you get it, but you should put some of it aside for college. Set a firm budget and stick with it. In the long run, you’ll have money for fun activities and monthly expenses.

2. Take Advantage of Student Discounts

Keep your student ID handy. Many businesses from movie theaters to museums offer student discounts, saving you money on entertainment throughout the year. If you want to build on that discount, put the difference you’d pay in a savings account.

3. Pick Up More Hours

If you have a job and no summer classes, pick up a few more hours each week to increase your income. Then when term starts again and class takes priority over work, you’ll have your summer savings to fall back on.

4. Keep Track of Your Savings

Stay up to date with your bank account so you’ll be aware of your financial situation and know when to adjust your budget. If available, sign up for online banking and download your bank or credit union’s mobile app. You’ll be able to check your balance on the go.

Want to grow your college savings? Let the experts at your local credit union help you create a savings plan. With hundreds of millions of dollars in assets and over 50,000 members across Hawaii, Hawaiian Tel Federal Credit Union is one of the leading financial institutions in the state, with a reputation for combining personalized service with technologically advanced personal banking solutions. Learn more about their broad array of services online, follow their Facebook, Twitter, and Instagram for news and updates, or call (808) 832-8700 on Oahu or toll-free at (800) 272-5255 with any questions.