Being a college student can be a once in a lifetime experience. There’s a lot of new things that you’ll do such as meeting new people, attending lectures, getting seminars, parties and even internship for your career. With that being said, there are few problems when you’re a student, which is budgeting. Let’s face it, juggling your money between books, food, rent and making sure that you’re having a social life can be quite hard. But do not worry, if you’re a broke college student or at least trying to save some money, you’ve come to the right post. In this article, we’re going to talk about some of the essential budgeting tips for students.
Financial List
Always make a financial list of where most of your money goes. This list can consist of things such as rent, textbook, food, gas, utilities, and many more as the list goes on. You might be wondering what’s the use of having a financial list; well hear us out because there’s a lot. First of all, you’ll have a clear idea of where most of your money goes, which will lead to the second reason, you’ll know what part to cut in case you want to save some money. Lastly, having a financial list can be an indicator of your budgeting performance.
Buy Things in Bulk
If you’re living alone in an apartment, that means you have to take care of everything including buying food and other supplies. If you’re trying to save some money, we suggest that you buy things in bulk, yes it will cost a lot at first, but it’s a lot better than buying stuff in smaller amounts. Besides, by buying things in bulk, you’re saving yourself from running out of something when in a pinch, like cleaning supplies or perhaps salt when you’re cooking.
Student Discount
Abuse student discount whenever you can! Some restaurants offer promos for students, perhaps ten or twenty percent depending on the restaurant itself so make sure to keep an eye on those promos!
Rent or Borrow
Why buy an expensive suit or a dress that you’re going to wear just one time? A tip for a broke college student is to rent or borrow something when it’s possible. Let’s say that you’re going to a fancy party and you need a dress, why spent your money on a dress when you can borrow your sister’s?
