5 Simple Ways to Save Money as a New College Student
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Posted By: Hija Chang on August 20, 2015 You can skip cable and learn to cook. By John Schmol In a few short weeks, millions of college students will be hitting college campuses for the first time. Your first year of college can bring a lot of changes, including financial ones. It's likely the first time in your life you're out on your own. Not only do you need to be focused on attending class, but many students also have to wade through the details of student loans. You're also possibly no longer dependent on your parents for money and need to find ways to stretch your budget. With that in mind, the following five tips should help you save money as a new college student. 1. Set up a bank account. If you had a job in high school, then it's likely you had a bank account. That's great and will give you more experience to go off of. However, if you're part of the 52 percent of recent grads who move more than 50 miles away to attend college, you might want to consider opening up a new account anyway. The key benefit in going with a local bank is many have accounts suited specifically for college students. They typically offer accounts with lower, or no, minimum balances, making it easier to manage your money without fear of bank fees. You'll also be sure to have easy access to ATMs, and you never know when you'll need to take out more cash. 2. Learn how to cook. Living off campus can be cheaper than living on campus, especially when you split an apartment or house with roommates. Don't allow those cost savings to be eaten up by going out to eat too often. Learning how to cook can be overwhelming, but it doesn't have to be. The Internet is full of simple recipes that are inexpensive and easy. If you've never cooked before, consider splitting up the duties with a roommate or asking your parents for a few tips. Not only will your meals be healthier, but you'll stretch your money more with leftovers. Continued: http://money.usnews.com/money/the-frugal-s... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Hija Chang
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
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