The ABCs Of Saving Money While Studying

The life of a college student can indeed be one that is daunting and complex, especially when he is economically handicapped. Getting enrolled is tough enough as it is but there also other money leeching conundrums of additional fees involving cafeteria, library, tuition and flying over to see your parents if your college is situated somewhere out of town. But in the end, that’s college life for you – your boot camp to becoming an independent and upstanding civilian of society.

At times like this, it is best to back ride on the famous catchphrase of “When the going gets tough, the tough gets going”, and seize your golden opportunity of making an impact on college. Fortunately, we have just the solution for your “I-am-financially-broke” concerns:

1. Keep A Hold Of Your Loans

College students usually have a penchant for buying new clothes, ordering pizza, going to the movies and hiring a cleaning staff person to tidy up their dormitories. Basically to them money is like a magic wand that they can just wave around at anything to accomplish or simplify their problems while ignoring the obvious characteristics of a profligate imbecile.

Remember that the more your toss around all of that head-earned valuable dough, the more debt will weigh down upon you in the end.

2. Get A Part-Time Job

Quit mooching on other people and get your own stash of cash. It is ridiculously unethical and immoral for both your personal and professional life to live off someone else’s money. Pick up your daily newspaper and follow up on a job listing ad that suits you the best, give that company a call and apply for a part-time job. Knowing that you have mustered your own potential to earn that money will enlighten your soul and also give you some knowledge about work and the experience that comes with it.

3. Make A Budget

It would be nice to know how much you are earning and spending so that you know whether you are well off or in debt. First and foremost you need to add all of the income that you receive from your part-time job, the one-time payment from your parents, loans and such. After that, tally the total number of expenses and payments that you have incurred on your journey and subtract them from your expenses. If there are any savings from this, transfer them all into your student savings account at your local, nearest bank. This way you can be a little more realistic and responsible with handling the money you have received.

4. Curb All Unnecessary Expenses First

Prioritize your spending by focusing on putting all away all of the necessary expenses for your survival. These basic necessities include food, water, electricity and clothing but only when you truly need them and not consistently. Work really hard on your part-time post and other university related activities that pay so that you can save more and be better off.

5. Go For Scholarships

The reason why we are mentioning this is because with scholarship all of your fees, stationary, books, supplies and other expenses will be pardoned and covered by the institution in which they are enrolled in. Just march right up the main office and request your superiors to help you undertake a scholarship program. If that does not work, then you could always seek help from nearby institutions or go online and apply. There is no way for you to pass up a monumental money saving scheme such as this one at all.

Employed as a Board of Advisors at Assignment Plus, Miley Adalson specialises in aiding her vast academic expertise to students. She also supervises a team of accounting assignment writers .Her passion includes writing creative, fictional materials and someday be able to write like her favorite inspiration, JK Rowling.


Author: SmartStudent

SmartStudent is an educational portal that provides information & advice to aspiring students. regarding applying to university, choosing a course, what to take to university, finding student accommodation and much more.

Share This Post On
blog comments powered by Disqus