One of the most common struggles of being a college student is finding a balance between having a good time with your friends and keeping a balanced bank. Here are a few tips on how to stay within your budget:
1. Document everything
2. Sell, sell, sell
When in doubt, check your closet out. If there is anything crumpled at the bottom of your wardrobe that you are willing to part with, just sell the item on unitiques.com or post in your college’s For Sale Facebook group.
3. Create shopping lists
While walking into Trader Joe’s or Whole Foods, you can easily get caught up the whirlwind of free samples. Before you know it, you are buying that intriguing kale lasagna dish and that deliciously sweet mango salsa, when you originally came for eggs and milk. Ditch the unnecessary items and create a shopping list: then stick to it!
4. Homemade everything, in large quantities
5. Cancel Club Memberships
If the card was not free, stop paying dues at stores that you never shop in. Instead, earn rewards at stores that allow free membership such as Starbucks, Panera, and Dunkin.
6. Pick your bank wisely
Each bank has a different interest rate. Do a bit of research and place your money where you know it will appreciate in value the most. To take this idea a step further, select your bank based on where you are currently living. For instance, if there are no Chase Banks near to your campus, cross the bank off your list as emergency ATM runs may add up in fee charges over the years.
Thanks for reading! Remember that money is not the key to happiness, but, if you have enough money, maybe you can have a key made…