Bangalore: If you are in your final year of your MBA, congratulations! You are just one year ahead of joining a job in the corporate world. Meanwhile this is the good time for you to learn about handling finances.

Most of the college students tend to do a common mistake of spending all their pocket money on unnecessary things which they can otherwise live without. Below listed are 7 financial tips for all the students who are pursuing their MBA course, reports Rediff.

1. Get Clear Picture of Your Student Loan

If you have taken a student loan to pursue your MBA, know about the amount of loan you have taken, the number of installments, the rate of interest, and the total term taken to repay the loan.

Never think that banks will not commit any mistake. Though everything is computerized, still there is scope to make mistakes. So try to visit your bank and know whether they are providing you with the correct statements about the repaid installments.

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Family budget: Manage your money to lead a blissful life!