Whatever your means, there is always a way to avoid becoming a no cash and debt-ridden stereotype of a student. If you‘re having trouble with your loans and budget in general, follow the top 6 student money saving tips below.
• Budget. Creating a budget is the first and most important thing you should do after moving from your parents’ home. Make a list of necessary things for every day, including income sources, savings, parental allowances and wages. Take into account such things as rent, school supplies, clothes, food and laundry. Make a different budget for entertainment and parties. This way you will never cross the limit.
• Wants and needs. If you want to become an adult you should separate your wants from needs. Think about it: Is the $40 you pay for gas each week a need or a want? Can you use a bicycle to get to the campus and can you save money by preparing food at home? These types of questions should be considered if you are serious about saving money. After all, it’s better to have money for something worthwhile like a trip home or a super fun spring break vacation.
• Studies. It ‘s obvious that you have to work part-time to earn some cash. You’ll need to find a balance between making a few dollars and keeping up your grades. If cutting on work hours is not an option, you can try services like college essay paper writers. These services will help you save time writing countless non-essential essays leaving you with time for more important tasks.
• Credit cards. Although credit cards are great for emergency situations, it’s not a good idea to use them for everyday purchases. Believe it or not, more than 40% of students in USA manage to live off the income from their daily jobs without accumulating massive bank debt or credit card bills. What you can do? Hide the card for a month to start with while living off your monthly budget. You will be surprised by how easy it is to cut on extras and enjoy your life without unnecessary luxuries.
• Textbooks. Textbooks are expensive. Here’s what you can do. Invest in an e-book or even iPad and check rental sites; this way you can download dozens of books instead of buying them for more than a $100. Another option is to talk to upper level students who may be willing to sell their old books half price or even less. Remember there is nothing wrong with buying used books.
• Clothes. Luckily, progressive youth is making up a majority of the students these days. Thrift stores like Goodwill are no longer considered centers for poor and homeless. This is a great way to save tons of money on clothing and to join thousands of young people who recycle their clothes. You save money and help your planet at the same time.
At the end of the day remember the college years are the time for you to learn self-sufficiency. Follow the tips to become the mature adult that you wish to be.