As a college student, you’ve probably realized how quick money can go when you don’t spend it properly. Eating out, partying, and going to movies can add up really quick if you don’t pay attention to your expenses. While college should be fun, this doesn’t mean you have to sit in your dorm on Friday nights, instead you should look at your budget and make some adjustments to it. Below are some ideas on how you can save money each week so that you can still have fun and not put a burden on your wallet.
Start eating at home/dorm – Instead of eating out each day, stay at your dorm or at home. As silly as it sounds, ramen noodles only cost about thirty cents. If you simply make a grilled cheese and cup of ramen, that’s only $1! I can’t expect you to eat that meal everyday but if you do something similar each night at least six times a week, you can save almost $30.
[MONEY SAVED: $30+ week]
Drive with friends – If you work outside of college or you just go to parties, friend’s houses, etc., see if you can hitch a ride from your friends instead of paying for your own gas. If your friends do drive to work or your friend’s house, offer to pay for a little bit of their gas each time. Carpooling not only helps the environment, it helps your wallet as well.
[MONEY SAVED: $10+ week]
Get roommates – If you live on campus, you probably already have roommates but if you live off campus in a rented house or apartment, try and get roommates. Let’s say you live by yourself and pay $600 a month in rent, you can simply add another person and pay only $300/month. While most people don’t want to live with other people because of conflict ions, it really isn’t that bad in the long run becasue like anything, you simply get used to it after a while.
[MONEY SAVED: $300+ month]
Limit your activities – Instead of going out every day to party and hang out with friends every night, simply hang out twice a week instead of seven. I’m not saying that you can’t hang out at all but instead, stay at your dorm and watch movies, play video games, etc., instead of going out and blowing $10-$20 a night.
[MONEY SAVED: $50+ week]
Screw your style – We all know how important style is when you attend high school or college but you have to put this behind you and think of your future instead. No one cares what you look like and you should think the same way. A simple pair of pants and shirts will do the trick. What I’m getting at is don’t go out and buy Abercrombie and Fitch shirts that cost $50. Instead, shop at an off brand store and spend $5 a shirt instead. So for that $50, you can potentially buy 10 shirts. Do you see where I’m getting at?
[MONEY SAVED: $50+ month]
Think frugal – As a college student, I want you to think through every purchase and think as cheap as possible. I know a lot of us are annoyed by cheap people but it really helps you in the long run, etc. So if you’re going to go out and buy a gift for your mom, don’t go out and buy a $50 gift card. Instead, go out and be creative. You can possibly make up “coupons” such as “clean the house for one time”, etc. There are a million ideas out there.
[MONEY SAVED: $50+ month]
Saving money as a college student is extremely easy if you put your heart to it. If you’re going to out there and be careless wiht your money then your financial future is going to be careless looking. Just remember to make sure you think through all of your purchases.