You’ve graduated from high school. No more dressing out for P.E., no more proms, and no more $1.25 lunches. Some things however, never change. Money is always a necessity wherever you go and in college it’s needed even more. Budgeting these funds becomes even more vital during your college experience because it prepares you for real life financial situations. The best way to balance, budget, and keep track of these finances is through a checking or savings account. If you know you are a big spender, then a checking account would be most practical. “Checking accounts make it very easy to keep up with your spending, while allowing you to establish credit,” said Sandra Allen, Bank of America representative. Checking accounts also give unlimited access to your money through an ATM card, which is important if ever needed for an emergency situation. If you plan to take advantage of dorm and cafeteria life and really don’t need money for daily spending, then a savings account would be most suitable. Savings accounts are beneficial for college students because they restrict you from an unlimited use of funds. The concept is that by allowing the student available funds only three to four times a month will help in making the saving account effective. “Savings accounts also allow you to gain interest on the funds in your account”, said Charles Sanders, First Union Bank representative.Do not be discouraged if you come across college accounts that may have unusual stipulations. These stipulations are enforced only to guarantee you get the most out of your account. Research of the various stipulations and fees is vital in deciding which bank is right for you.