Saving money as a college student can be tough. Learning how to properly manage your finances is a process, kind of like maturing. It might seem as if you’re constantly drowning in arising expenses but help is here! Start taking advantage and save! You can do this.
Shop in bulk
It’s a proven fact (proven by me :)) that you spend less money at the grocery store monthly if you just buy in bulk! Buying in bulk is also great for waste because it requires less packaging.
Limit the times you go out
Girl’s night ins are always more fun than going out. Twice a month get your closest friends together and everyone pitch in. Pick a few movies, or funny youtube videos, and enjoy everyone’s (free) company.
Use cash only
You are more likely to spend money if you’re using a debit/credit card. Taking some cash out for the week usually does the trick for me.
Rainy day fund
Think of this as a physical savings account. Take 30% of your paycheck every week and stuff the cash in a safe. If you can’t be trusted, allow a close friend to come up with a code for you.
Student discounts
Check for local restaurants and local stores that offer student discounts
Sell what you no longer need
Go through that closet of yours! You know you don’t wear EVERYTHING. Go to a store like Plato’s Closet for some cash for your clothes.
Download the mint app
The mint app helps you organize your expenses while helping you budget. Plus, it’s free! Just go to the app store, download it, enter in some information, and BAM! You’ve got your own personal financial advisor.
Pay your bills early
Avoid any late fees by staying ahead and paying all bills BEFORE they are due.
Cancel your magazine subscriptions
You can get all the latest drama and gossip on the internet now FOR FREE. Please cancel that Vogue subscription.
Buy generic brands
Contrary to popular belief, generic brands get the job done.
Eat at home aka stop going to Wendy’s
Think about how much money you spend eating out all the time. It’s healthier and smarter to cook more than you eat out.
Keep your auto maintenance on a regular schedule
Regular maintenance can save time and money. The more you neglect your vehicle’s systems and parts the more costly the repairs might be.
Consolidate your student loans
and lastly,
Take advantage of the fun (and free) opportunities your university offers
Georgia Southern is notorious for always putting on fun events! Bring the whole crew for some free memories.
There are plenty of ways to save! Hope these tips help get things moving in the right direction for you!