How to manage your finances when in college?

When you’re in college, it can be hard to keep track of your money. Between tuition, books, rent, and groceries, there’s not always a lot left over at the end of the month. Minding their finances while in college can be a daunting task for many students. It’s easy to see how expenses can quickly add up between tuition, room and board, books and supplies, and other incidentals. But with a little bit of organization and planning, you can make sure that you’re doing everything possible to make your money go further. Here are some tips on how to manage your finances when in college.

10 Simple Ways To Manage Your Money Better

Eat healthy food on a budget: 

Cut back on eating out, whether at fast-food restaurants or through delivery services like Seamless and Grub Hub. If you have a kitchen, it’s time to start cooking! Eat healthily and cook your meals to save money. Cook your meals, buy fresh produce in season, and avoid processed foods that are expensive but unhealthy. Cooking is a life skill that will serve you greatly in the long run. You must learn to cook the easy dishes and then increase your expertise. Try a new recipe every week, but the most important thing is to do it on a budget.

Signs That You Eat Healthily Even If You Don't Feel Like It

Cut down on nights out: 

Instead of hitting the bars, host a game night or movie night at your place with friends or by yourself for some quiet time. You could save hundreds of dollars every week! Instead, cut down on your gym membership, run in the morning, and do free workouts online to save money and get in shape. Instead of going out to the movies, have your friends over for a night of watching films on your couch. You can buy a large tub of popcorn or make your own, and everyone can bring their favorite snacks. Plus, it’s a lot cheaper than going to the theater. All you have to do is visit thepirateproxybay.com to download the movie of your choice and sit back and chill.

Avoid buying new textbooks:

Rent them, buy used ones, or use an online textbook rental service. Sites like Chegg.com or bookrenter.com will allow you to rent your textbooks for between 30 and 90 days, allowing you to sell them back at the end of the semester if they are still in good shape. This way, you’ll save an average of about 75% per book, which adds up over time. You can also download your textbooks pdf for free from the internet. Compare prices at your college bookstore, other bookstores, and online retailers. You may be able to wait until near the end of the semester to get the best deals on books that aren’t required for your course.

Take advantage of student discounts: 

Every store offers a student discount. Like the Gap and Old Navy, many stores offer discounts exclusively to students. Stores like Journeys will give students 10% off with a valid college ID. Even restaurants like Chipotle offer student discounts if the cashier knows what to do (check your local store for details). Keep an eye out for these discounts when you’re shopping, and you can save yourself a lot of money. If your school offers discounted movie tickets, take advantage of it! If your college has a bookstore that offers student discounts, you can save money by purchasing books there rather than elsewhere.

The best student discounts in 2021 | Creative Bloq

Avoid spending just for spending’s sake: 

If you’re buying something because you want it, not because you need it, ask yourself if you need to make the purchase. Ask yourself these critical questions before buying: Do I need this item? Is there a cheaper alternative that will get my job done? Would they believe in a better quality product if someone else is buying?

Shop with cashback sites like Ebates: 

Cashback sites like Ebates offer you cashback for making online purchases with specific retailers. While it may seem silly to go out of your way to use one of these sites, the money you save can add up over time if you make an effort to do so with all of your online shopping. Rather than hopping on Amazon and buying whatever’s on your mind, check to see if the item is available on a site like Ebates that offers cashback. You may be surprised at how much money you can save by doing this.

Please switch to a cheaper cell phone plan: 

The average person spends about $100 a month on their cell phone bill, and that’s in addition to any data or internet fees. If you’re already paying that much, it might be time to switch up your plan and cut back on some of the features you don’t use. For example, if you’re not a fan of talking on the phone, you can save a lot of money by switching to a provider like Republic Wireless that offers only data and internet. For example, Cricket Wireless offers unlimited talk and text for only $25 a month.

Conclusion: When it comes to managing your finances in college, one of the most important things to remember is to create a budget and stick to it. With these budget tips, you are bound to save a lot and manage your finances better in college. Keep your budgets tight and under control with these helpful tips, and you will be on your way to a more successful semester!

Muhammad Saad Khan

Experienced Finance Officer with a demonstrated history of working in the marketing and advertising industry. Skilled in Microsoft Word, Income Tax, PowerPivot, Management Reporter, and Microsoft Dynamics GP. Strong finance professional with a ICMA (Part Qualified) focused in Accounting and Finance from Institute of Cost and Management Accountants - ICMA. I write finance related article in my free time on TrendMut.

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