You will almost always save yourself some money. Look For Student Discountsįortunately for students, companies across the US and further afield recognize that college students are usually pretty broke!Īs such, they offer so many discounts on products and services in every sector imaginable.įrom major events to local restaurants, check for student discounts before you head out. Plain and simple, when it comes to spending money, try to live by this simple mantra: if you can’t afford to pay for it with cash, you can’t afford it. I’m going to assume you went with the 100 Grand. Let me put it this way, would you rather have a credit score of 800, or $100,000 of savings? I mean, how many times per day do you hear people telling you to build your credit? Way too many!īut you know what’s better than building credit? Building a big ol’ pile of savings and wealth! I know this might go against the things you’ve probably heard throughout your life. So, when you’re in college, avoid credit cards. Ultimately, you’re just making somebody else rich and limiting your own ability to build wealth.Īnd seriously, credit card debt is the worst kind of debt you can carry. No matter what you might have heard, there’s no such thing as good debt.
Want to start a successful side hustle? Read these first: Instead of partying every night of the term, consider blocking out a couple of evenings a week exclusively for your side hustle and watch the money roll in. Whether you’re a skilled writer, talented graphic designer, or competent at coding, you can spend some of your evening downtimes earning money by freelancing and side hustling. It’s never been easier than it is now to start a side hustle. When your future self looks back on the work you put in to complete your studies, you will give yourself a pat on the back and be proud of your sacrifice! 5. The paychecks and tips will help you enormously through college. Mop the floors of your halls of residence, wait tables at the local Outback Steakhouse, or input data for a multi-national corporation. Why Is Budgeting Important? 10 Key Benefitsĭon’t be too proud to get a job while you’re studying.
#You need a budget college how to#
How To Stick To Your Budget: 21 Simple Tips.How To Host A Party On A Budget: 7 Simple Tips.Looking for more awesome budgeting tips? Check out a few of our other posts: Seriously, scholarships will save you from a whole heap of debt in the long run.
Spend a little bit of time reading through the application criteria and consider submitting applications. If you’re particularly brainy, think about applying for the various scholarships that are available to you.Ī simple Google search will reveal the scholarships that are available, and you will find some that are income, location, or area of study dependent. Therefore, if possible, get your reading list in advance, and head online to a site like CampusBooks and save yourself a fortune. If you don’t plan ahead, you could end up spending hundreds of dollars on textbooks that you might only use for one semester. One of the biggest shocks to the system when you arrive on campus as a freshman is the exorbitant cost of textbooks. Your bank balance will certainly thank you for splitting the bills with fellow students.
Plus, college roommates often become friends for life, as you experience so many awesome times with them.Įven if you don’t get on like a house on fire with the people you live with, remember it’s not forever! It’s also an excellent way to split utilities and other costs, as living on your own can be super expensive. One of the most enjoyable things about college is living with other people.
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