College is an exhilarating time. For many young adults, it’s their first taste of independence and living away from home. But having more freedom shouldn’t mean free spending.

That’s why it’s important for parents to talk to their college-bound kids about how to make the most of a limited budget. After all, it’s not something most students learn in the classroom.

So, before your kid heads to campus, share these tips on how to manage their money when they are away at school.

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