Saving Money as a College Student

Through college, a student tends to take money for granted due to all the excitement generated by the activities, studying and hanging out with friends.

You would not want to put yourself in debt or overspend your allowance that is why you will need to keep a close watch of your spending habits.

Here is an easy to follow guide on how a college student can save those hard-earned bucks:

 

1. Create a list of your expenses.

By now, you ought to know how much cash you expect to have for each month or week that you have classes. The money which will live on could be from your parents, your part-time work or a student loan.

List down your spending essentials like food, school supplies and books. This should give you an idea of how much you’d get to spend each week.

Remember to save some petty cash for unexpected expenses.

2. Avoid using your debit or credit cards.

It would be simpler if you don’t have a credit or a debit card with you all the time. Just keep them handy for a huge expense that you really do not have cash for.

For small items which you will need to purchase, it’s much better to still use the cash that you have with you to keep yourself from overspending.

3. Eat well.

Eating a lot may save you time but it is going to definitely not help save you money. In the long term, it will be more expensive for you to eat every meal at fast food restaurants.

Instead, you can spend your food money on groceries and all you have to do is eat in your dorm or apartment; and even pack your lunch when you have classes. With the right meal-planning, you wouldn’t just save money but you would also get to eat healthier.

4. Treat yourself once in a while.

By following this guide and maintaining your luxury items to a minimum, you can save yourself a good deal of money while studying for college. Who knows, you could even save enough to buy yourself a major item that differently, you wouldn’t even have the money for?