How To Save Money In College
There are many challenges when it comes to studying in a foreign country, and, if you have chosen to attend one of the TALK English Schools in the USA you will be thinking about how to meet such challenges. How to budget and save money while at college is something that every student needs to know. Here is a simple guide that helps you avoid bad budget practices and offers you some good practices about saving money in college, and if not saving, budgeting so you don’t fall on hard times.
Impulse shopping or buying can be extremely tempting when out and about. The only problem with this is that it will cause you to blow all your money on items you don’t need and don’t really want. One trick is to ask yourself do you really need the item or do you just want it?
Lock Away Credit Cards
Many students find a temptation to buy now, pay later. This approach will lead to bad spending habits and probably drive you go into debt, especially if you can’t afford to pay the credit card back quickly and start notching up those huge interest rates. Until you can manage your money it is best to lock your credit card away to avoid the temptation of using it. Only use it for emergencies and for absolutely necessary items or services.
Give the Bad Habits up
If you smoke, drink, or buy expensive coffee this can cause your money to dwindle fast. Try to wean yourself off your bad habits and you will find you have saved a whole lot of money in the end.
Stop Keeping up with Those Around You
Although your roommates may be busy buying expensive things to impress, it doesn’t mean you have to. Don’t buy things just because you want to look good in the eyes of other people. Most times others don’t really care, anyway, so stay true to your selected budget amount.
While it’s nice to get out every once a while, try staying home as much as possible as this won’t cut into your budget. Invite some friends around for home-made meals, gossip, games, and movies.
Use The Library
Instead of buying books or DVDs, try renting them from a library, as this will really be a big saving and will keep you within your budget during your study period.