A simple mistake most students make is not checking their bank account on a regular basis. Whether this is because of fear of what they might find or just pure bone idleness, its something that must be done on a regular basis.
If you're in regular contact with your statement, you will know exactly how much money you have on any given day. This means when faced with a large purchasing decision, you will be able to make a more accurate choice based on your financial position (it doesnt always mean youll make the right one, but at least it gives you the option).
With the availability of online banking, its even easier to get involved with your finances. Once a week is sufficient, more than that is ideal.
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