Top 5 Money Savings Tips for College Students

Frugality, Saving Money

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It hurts to know that, even if you graduate, you will not get employed immediately. In addition, with student loans, you will be six feet deep in debt once college is over — not to mention that you need to keep yourself alive during the next few years or so. It is sad that your parents (that is, if they are able) will be the ones primarily working to get you through all of that. And it is unfortunate that, despite your parents’ unwavering efforts, the money you get will never be enough to get you by.

Aside from getting a part-time job and attempting to get a scholarship, saving money is the best way to lessen your parents’ burden and for you to have a sustainable college life. Here are 5 money savings tips for college students like you.

1. Automate your expenses and financial flow

Once money comes to you, everything that you need to pay and set aside should be already managed and allotted even before the money gets to your savings account. Do not delay paying off your bills. It will allow you to spend money that is yours alone and prevent spending money that should go to important stuff. Also, doing so will prevent you from loaning money just to pay for the bill that you should have paid when you had the money.

2. It might suck, but the library must become your best friend

As much as possible, do not buy books that you need for class. If the library has free Internet, which most of them have, then do your online business there.

3. Abuse your body a bit by eating poor-college-kid food

You are still young and healthy. When times get tough and rough, bread and instant noodles will become your sustenance. Of course, it does not mean that you should kill yourself just to save money. Be creative with your food. Add some eggs and a few garnishings to keep your ramen a bit healthier and nutritious.

4. Make friends

You do not need to endure college hell alone. Make some friends and help each other out. Just like you, they need someone they can rely on to. Take advantage of each other’s skills and abilities. Some of them might know how to cook, which can allow you guys to eat delicious food without spending too much. Some might be good at other life skills like bargaining and coupon hoarding. “United we stand, divided we fall” — take that motto to heart.

5. Of course, be accountable to yourself and learn some life skills and hacks

Learn things that you can do yourself instead of relying on others. Do not worry. All those things will be not for naught. Eventually, when you get out of that hellhole, you will be in a much larger hellhole: the life of an adult. College is not only there to teach you academic stuff for your future job, but it is also a training ground to prepare you in conquering the much harsher world out there.