As a college student, hanging on to the end of the financial rope comes with the territory. To help tighten the grip, Campus Throne has put together a list of various ways to help manage your money better.
BANKING
Something often overlooked is your banking ability. Learn to keep track of all your transactions, withdraws, and bills. Checking regularly online will help you avoid the costly fees of overdrawing your account on a Friday night.
CREDIT CARDS
Most are right when they say avoid having multiple credit cards in college. Credit is a dangerous thing. Your best bet is to open up one card with the lowest monthly fee available. A new card with a small credit line will help keep the charging to emergencies only, as well as establish a credit score. Developing a credit score is important to college students now considering the financial strain our economy will suffer for the next several years.
GROCERY SHOPPING
Food spending is something most students could improve on. Choose groceries over the fast food meals. Use common sense at the grocery store. Grab the items that will make the most meals. Use tap water over bottled water or Gatorade. Make your own coffee in the morning instead of buying from a shop. Buy groceries at a cheap store like Wal-Mart or one that offers gas points like Kroger.
DRINKING
There are several ways to cut back on drinking spending without actually having to cut back on drinking. Learn where all the beer and happy hour specials are at the bars on your campus, they all have them. Pre-game hard before you go out whether you’re a lightweight or a tank it will help. You can always switch to cheaper beer if you absolutely have to (Natural, PBR, High Life). If you really want to be creative, give making your own alcoholic beverage a shot. A strong wine is fairly cheap and simple to make.
TEXTBOOKS
Never buy textbooks from a bookstore. Buy the cheapest used ones you can find online and sell them back on the same website when you are finished with them. Do not buy books for a class you will not need them for.
Most students already know they will be spending heavily on food, beer, and books throughout the school year. These suggestions will help cut corners on costs in all three categories. You can then afford to drink with your friends and eat another day.
