Habit 3: Not working
Your friends may not need to work while in school, but for many students, earning an income as a full-time student is necessary. In fact, a recent Georgetown University study found 40% of undergrads work at least 30 hours a week.
Working even a couple hours a week can pay off. Juggling multiple priorities encourages you to be organized and plan your time. Plus, the extra cash can help cover some of those luxury expenses, like going out to eat or catching a movie with friends.
Habit 4: Not paying your share
It happens to everyone at some point: You spotted your friend $20 to cover his share of a dinner bill, it’s been a week, and he still hasn’t paid you back. You hate nagging for money, but you could use the $20. What do you do?
Don’t be that person with the reputation for not paying people back. It’s easy to send money to people you know and trust — down to the exact penny that you owe — with Zelle®. Since Zelle is part of the Wells Fargo Mobile app®1 and Wells Fargo Online®, you already have access to it. And even if the person you’re paying banks elsewhere, he’s likely to have access to Zelle through his banking app.2
Bonus tip: If that friend still hasn’t paid you $20, request money from him through Zelle. You’re welcome.
Habit 5: Ignoring your bills
Imagine this scenario: You move off campus and put the cable bill in your name. You and your roommate alternate paying the bill each month, but your roommate always pays late. While it may not seem like a big deal, late payments to bills in your name can seriously knock your credit score — especially when you’re in college and may not have a lot of other forms of credit in your name.
“You may not need credit while in school, but you might when you graduate, to rent an apartment or get an auto loan,” says Weliver. “If you get to that point and never took any steps to build credit, you’ll regret it.”
If a bill is in your name, make sure it’s paid on time and in full — you can even simplify this task by using Wells Fargo Online Bill Pay and then setting up auto pay.3 Then threaten to change the Wi-Fi password if your roommate doesn’t pay up.