Saving Money In College

Hi friends! I wanted to share some money saving tips geared towards the college student. My first year I was BROKE. I’ve never, ever been that broke before! Trust me college broke is a different kind of broke! So here are some tips:

Disclaimer: should you really be listening to me?? I blew $1200 in one semester, proceed with caution.

Bank Accounts

Have both a checking account and savings account and maybe even an emergency savings that you never touch! Easier said then done to never touch it, but don’t!

Tip: My checking, savings, and car fund savings account are with one bank and I have another savings account with a different bank. This is great because it takes like 24 hours to transfer between banks so I can’t do quick transfers, which discourages me from dipping into that savings account. Hope that made sense ha!

Banks

Find a bank that’s in your college town. Look this up before you get on to campus. You will definitely need to go to an ATM at some point during the year.

Going Out

I truly do not know how people go out every night or 4 days a week. HOW? WHY? And $$$. If you do or plan on indulging in adult beverages, they can get pricey especially if you’re out 4+ days a week. Also if you’re under 21, you can end up paying a cover fee at bars. I’ve paid up to $5 just to get in. There are parties and events that require ticket purchases and it adds up. So, pace yourself, unless you’re rich, then go all out.

Overpriced Textbooks

Really, really, really, ask around and research if you need a textbook. I had professors tell me I needed the book and I never used it and got an A. Often times your college class will have a FB group, and you can ask there, or in the year before if you’re a freshman. I’ve always had great luck with responses.

Tip: Amazon rental is bomb for textbooks, and you can always return it {within a certain time frame} if you don’t end up using it!

Utilize Your Meal Plan

At some point or another, you will get sick of dining hall food. My tip: treat yourself, but not everyday, maybe not even every week. I lived right behind Court St. {Athens’ main street Uptown} and it was closer then the dining halls, so I would treat myself a little too much! I somehow spent $90 in February on food alone?! Don’t ask me how.

Tip: save your food money for when its 3 am and you’re leaving the bars, parties or the library! The dining halls will be closed at this time. Also delivery is your friend!!

Cash vs. Card

Sometimes I prefer to use cash over my cards because I’m more attached to it, but my friend is the opposite. If you find that you’re more likely to spend less of your cash then try to carry more cash, and vice versa. I definitely tend to blackout and just swipe my card like there’s no tomorrow!

Get A Job

Either get a job on campus or while you’re at school {I am this year!} or take advantage of long weekends and holiday breaks to go home and work! I didn’t have a job last year and loved not having the responsibility, but really could have used the money. There are a lot of college jobs that are desk jobs, and you’re allowed to bring your laptop and schoolwork!

I’m changing this for this upcoming year and already have an interview scheduled!

Save Money!!

Work your butt off over the summer and save your money!!! Save tons of money and your grad money too if you’re a freshman!

At the end of the day if you’re broke with $2.47 in your account don’t feel too bad because chances are you are not alone haha! I saw something on Twitter that was super funny about broke kids at OU. It said something like OU students will have $2.63 in their account and buy a $2 shot with no shame. I thought this was soo funny and super true, I’ve witnessed it! Anyway please use these tips and don’t be like me! Tootles!

 

Other College Related Posts:

College School Supply List

College Clothing Checklist 

College Dorm Checklist 

Getting Involved 

College Hacks

Dorm Tour

You can always search ‘college’ in my search bar for more!

 

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