Preview

Money Saving Tips for College Students

Better Essays
Open Document
Open Document
3561 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Money Saving Tips for College Students
MONEY SAVING TIPS FOR COLLEGE STUDENTS
As for any college student the usual expenses of; school, personal life, food, entertainment, and leisure activities is enough to make you broke or for most of us, in debt. It is Thursday night and the weekend is here but your wallet is full of bank receipts and there is not any cash to been found. Your friend just told you the agenda for the night which involves; dinner, pre-game, party, and then night club. Chances are your staying in for the night unless you have a hidden supply of cash under your bed. This type of scenario is all too common for most college students, which is why I am going to explain in detail how to save and manage your money more effectively. With becoming better educated on how to manage your money properly you will be shocked at the amount of cash you can save. The following tips will help you to save money in the following areas of your college expenses; money management, organization of money, personal life, decision making, jobs, entertainment, leisure activities, food, dating, tuition, and books.
MONEY MANAGEMENT Learning how to manage your money and having the proper knowledge on which banks to use with your money is an important part on saving your money. The following bullets will explain in detail on how to effectively manage your money: 1) Track your expenses – By tracking your expenses for 2 weeks to a month will allow you to have a better understanding where your money is going. Are red bulls at the 7-11 and a cappuccino at Starbucks 4 times a week actually needed? You will tend to realize the amount of money wasted on small items that are not necessary. Just by tracking your expenses you will begin to manage your money more effectively.
To keep better and more organized track of your money, using a notebook or quicken are great tools to being better organized. Having good records prevents you from spending what you do not have and from over drafting your account. 2) Budget

You May Also Find These Documents Helpful

  • Satisfactory Essays

    You're in your first year of college, and already you can see how much it costs just to attend. There are so many things you have to pay for, such as tuition and books. Your wallet may be feeling the crunch, but you don't have to worry. Here are a few tips for the college student who wants to save money.…

    • 435 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Cash Flow Analysis Paper

    • 935 Words
    • 4 Pages

    Saving money is extremely important however; some people do not have healthy savings thus leading them to financial instability. Therefore, being a good steward over your finances should be consistent and begin at an early age and progress as you age. This will provide an effective growth pattern to allow future financial security.…

    • 935 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Learn to budget. No matter where you get your money as a college student, you need to make sure your money lasts as long as you need it. Make a list of your expenses and think of how you can cut corners so that you can do what you need to do without going broke.…

    • 402 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Text Questions 6

    • 317 Words
    • 1 Page

    5. Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situation, you can create a budget based on an average individual your age.…

    • 317 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    There are many costs associated with college. Tuition, books, and living expenses are just a few of the things you'll be spending money on while in college. Don't let this discourage you though, as you can spend less if you know know. Just use the given tips and you'll be saving money in no time.…

    • 435 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)…

    • 1088 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The works of Dr. Seuss have for so long accompanied children growing up, whether it be in school, at the library, or at home. For children, his books represented a land of adventure and wonderful rhyming imagery. But in our childhood years, who knew he had an underlying meaning that meant so much more? As a young adult today, I am now cognizant of Dr. Seuss’ hidden agenda and vow to implore this man’s exertions of bringing awareness to the problems America was facing not only nationally, but globally as well. In Dr. Seuss’ book, The Butter Battle Book, he attempts to “open the eyes of the world” by using interpretation, symbolism, and rhyme scheme as an effective tool for achieving peace.…

    • 1549 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Begin by listing your sources of income (e.g., salaries and wages, interest, dividends). Then, list your expenses (it may be helpful to review several months of entries in your checkbook and credit card bills). Add them up and compare the two totals. Hopefully, you get a positive number, meaning that you spend less than you earn. If not, review your expenses and see where you can cut down on your spending.…

    • 864 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mgt 12

    • 1472 Words
    • 6 Pages

    This course is intended to give students a foundation in personal financial planning, budgeting and money management. Upon completion of the course, students should have an understanding of associated terminology and possess basic skills in personal finance and money management.…

    • 1472 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Economics Basics

    • 810 Words
    • 2 Pages

    Set financial goals… I think it is a great idea to start setting financial goals early in life, so by the time you have to start paying bills and taxes, you will already know how to do financial stuff.…

    • 810 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Money management and financial planning is an aspect of life that everyone encounters. Despite one’s income or financial status, every adult and child has a concept of money and how to manage finances. Learning effective tips for financial success is very important to ensure future prosperity. For students especially, it is vital to be exposed to money management advice to learn and adopt good spending and saving practices early in life.…

    • 644 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Student Debt

    • 621 Words
    • 3 Pages

    It is easy to succumb to material needs and pressures during university and end up spending more money than you plan or even able to afford to. When this downward spiral begins it is vital to stop unnecessary spending because the damage at the end will be even more difficult to…

    • 621 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Student Debt In College

    • 458 Words
    • 2 Pages

    The cost of higher education is increasing in the United States.one of the first things that comes to mind about college is the student dues. Being a broke and in debt college student seems inescapable. Another huge factor of the student debt is the lack of financial knowledge and management. Indiana University’s Bloomington campus has a group of students that help with financial counseling called “Money Smarts Team.” To address the problem students have, they had to create the team, re-structure communication between the universities to students, and reduce loan debt.…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Save Money

    • 644 Words
    • 3 Pages

    The second step would be to set a reasonable allowance. To do this you are going to want to find out how much each of your paychecks will be after paying bills. Now you have some left over cash in your hand and you’re not sure what to do with it. Well what you should do is take out how much money you think you will need to get you through until the next pay check. There may be a lot or there may not, but that’s what you got to work with. Hopefully it stays consistent on what you get and what you spend to make it a little easier on you. One thing that I have found helps me is that using cash instead of using my debit card is much easier to keep track up. When you are using your card you have to add up everything you buy and keep track of. When you…

    • 644 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    financial literacy

    • 267 Words
    • 2 Pages

    “Beyond Classroom walls” was a very sad but true documentary it showed the lives of a few families that have attended CCBC. The families in the documentary were all going through similar situations .There names were Angel, Jack, Lisa and Caurdray .Angels segment in the documentary touched me because she was only 27 with 4 children and lived a very rough life ,Going days without light and still finding time to study has to be one of the hardest things to encounter. I admire each one of their struggles because it could be me, I’m just starting off in college and I know any one of those things could happen to me .Discipline is a key factor you have to be able to distinguish your needs as opposed to your wants. Books are way more important than clothes .Managing your money is also very important you should always have some amount of money put away for a rainy day. Playing the “Me Save” game has helped me understand a lot about saving I spend way too much money on food and way to much getting my nails done every week .Putting money aside instead of spending it on food and my nails will help me in the long run .The game is very useful in helping people distinguish what you don’t need to spend money on .I will begin to save 25 dollars that I use for my nails every week .I will also stop buying fast food Instead I will cook ,that will be more beneficial because it’s cheaper and healthier .…

    • 267 Words
    • 2 Pages
    Satisfactory Essays

Related Topics