Browsing Tag

saving in college

Adulting Student Life

Budgeting 101 For College Students

December 10, 2020

If you’re like many other college students, the idea of budgeting may seem a little difficult to think about. Some students are easily able to get the things they need throughout their time in college, while others may be restricted to tight budgets or wonder how they will ever make it through.

Here are a few suggestions for those who are looking for budget-friendly ways to navigate through college that may even save a few dollars along the way.

Determine your needs versus wants 

Part of being financially responsible and developing money-conscious habits is knowing the difference between your wants and your needs. It’s human nature to want to have the best of the best — whether it’s clothes, shoes, or the newest tech gadgets. Although it is nice to have finer things, as a college student you will soon realize that these may be things you really want but don’t need. You might also find that eating out and socializing with friends can add up quickly. If you have an income through a part-time job or paid internship, you could probably afford to set aside some “fun money” so you can treat yourself within reason!

Plan and write out your expenses

Growing up, you may have seen your parents making a list of bills or other things they need to prioritize in the near future. This is an excellent habit to start on your own as a college student and use once you have started your career as well. As often as you need to, take a look at your most common expenses and bills and write them down. Have a description of what they are and how much you will need to pay for them. By doing this, you’ll be able to see what needs to be taken care of before you can put money away for savings or splurge. A budgeting app like Mint or You Need a Budget may also be helpful. 

Use discounts and free services as often as you can 

We can all appreciate discounts and free stuff! As a college student, you should always be on the lookout for good deals! This video shares some student benefits you might not know about. You might be surprised how far your student ID could take you — from free tickets to sporting events, to discounts on memberships and subscriptions, and even exclusive deals on laptops and electronics. Sign up for sites like Student Beans and UNiDAYS to start saving.

Creating good money habits in college will benefit you long after graduation day. Happy budgeting!

Health Other

How Being Eco-Friendly at College Can Save You Money

Embracing a greener lifestyle is a great way to improve your carbon footprint and help leave a positive impact on the world. But did you know that it can actually save you money, too? Here are some easy ways you can benefit financially from…

July 10, 2020
Other Transition

Top 5 Way to Save Money After College

There are 3.6 million college graduates living in poverty, and it’s to be expected given not only factors such as student loans and other college-related debt, but also the difficulties one might experience when obtaining a job in their field or the starting wages…

October 3, 2019
Other Transition

What to do With Graduation Money

Many graduates get a nice stack of cash shortly after graduation. Whether it’s from your family or friends, it is very important to know how to manage this money. Often, recent graduates tend to blow most of the money at their first opportunity. This is exactly the opposite…

June 24, 2016
Career Other Student Life

Reducing College Costs

College is expensive and college costs continue to climb every year but there are ways to help manage the rising costs. Apply for financial aid – even if you think your family earns too much money to qualify, send in the forms. Look for scholarships…

June 21, 2016