I get it, you’re in college; which is not the cheapest thing to pay for, and you want to be able to go out and do things. It doesn’t matter whether or not you’re paying for community college, or paying for a Harvard education, there are endless ways in which you can save money while attending school. It is easy for students to get carried away with their expenses while at school. Going out to eat, room decorations, movies, parties, new clothes, the list goes on with the different items students spend their money on. Even if mom and dad are sending you money on the regular it is easy for students to mismanage that money. Being able to get the biggest bang for your college buck is key in obtaining the essentials while still being able to go out and enjoy events around you.
You’re probably thinking, “how a, I going to save money in college”? Don’t worry old sport, things will be fine. This crash course on saving money while in college will carry with you even when you’re not on a “ramen noodle every night budget!
- Knowing what you want VS. what you need! It’s one thing to want the new Grant Theft Auto game, but in reality is it something that you need? Chances are probably not. Not having the books you need for your classes would be something you should worry about. Budgeting your money so that your needs are taken care of will allow you to save for the things that you may want in the future. Always having the thought process of deciding what you need and what you want will help you not make impulse purchases.
- Not making impulse buys. Everyone can admit to making that one impulse buy. You’re at the store and you see something that you just have to have, so you buy it no questions asked. You didn’t think about if you overdrew your account or if you’ll have enough food for the rest of the week. If you have the ability to control your impulse buys then you can better manage your money and expenses.
- Being a smart and savvy shopper! Living with mom and dad may have meant that you always had the best of the best when it came to things. Being in college you will see that students don’t always go for the most expensive item if they can find another that is or does the same thing. You can buy the name brand items and still be a smart shopper. Planning out your shopping trips will lower the chances of you getting to the store and picking up things that are not on your list or that you need.
- Thrift shopping!!! Yes Macklemore made a song about it, but thrift shopping can be very beneficial to college students on a budget. No you don’t have to buy used underwear, but going and checking out your options at a thrift store may surprise you. If you are creative and able to find new uses for old clothing items then thrift shopping is your thing. Students go to thrift store around Halloween for costume ideas and around the Christmas holiday for ugly sweaters.
We know that college students are on a budget, we got it. Its not the end of the world when it comes to managing your finances. Keeping these few things in the back of your head while shopping and dealing with your money will help you enjoy your college experience without stressing about where you’re going to get the money to do stuff.