Friday, November 16, 2012

Money Saving Tips for College Students

If you're anything like me, you've spent all the money allotted to you for extra food and other nonsense.  (Called Bonus Bucks here at Ithaca College).  If you're a bum like me you also don't have a job...and hence are really broke, in which case, get a job and then come back.
Some of these lovely little tips can also be applied to anyone who wants to save money. (snagged from Citizen's Bank)
  1. Where does your money go? It is important to know where you are spending your money. This will allow you to develop better spending habits.
  2. Make a budget. Estimate your monthly income and expenses. Check out the budget planner in our MoneyHelp section.
  3. Live like a college student. The reality is that you're a college student. So live like one—don't spend money you don't have yet. Though it may feel difficult, living like a student now will place you in a better financial situation when you graduate.
    1. Don't buy things like this or this or this or this
  4. Don't abuse credit. Be responsible with credit cards. Only charge what you can truly afford to pay off each month and make sure it fits into your budget. If you are easily tempted to overuse, leave the credit card at home and take only the cash you can afford to spend.
  5. Nothing's impossible. While it may seem impossible to save, try anyway, even if it's only $10 a week. Place the money in a savings account that's not attached to your ATM card so it is not as easily accessible.
  6. Keep it safe. Be sure to keep receipts, student loan documents and other financial statements. You never know when you will need to refer to these documents.
  7. But do you need it? One of the most important money saving tips is not to buy on impulse. Wait a few days and see if you still need the item.
    1. don't do that
  8. Keep score. Make sure you pay your bills on time, every time. While this may seem obvious, paying on time is a big factor in having a good credit score.
  9. Be a cheapskate. Many colleges offer lots of free or cheap activities on campus which will provide the opportunity to socialize without a lot of expense.
  10. Milk your student status. Lots of places will give you a discount simply for being a student. Look for places that offer savings when you show your student I.D.

  11. Extra cash. As long as you are able to manage your studies, a part-time job is a great way to earn a little extra spending money.
  12. Use the used. Look online or check with your college bookstore for used textbooks for classes, which can save you some money. Selling back your used books at the end of the semester could score you some extra cash. Check online or with your campus bookstore for buy-back details.
 You can also do fun things that don't cost any money.

cuddle (who doesn't like to cuddle??)

Proper cuddling:

     
You're doing it wrong:


Go outside and read a book, or just enjoy nature
   


  

Explore some place you've never been before
like Diagon Alley...
or this place


Talk to strangers (conversation is free)
      
Stranger Danger is overrated, most people are just like you. 

Catch leaves as they fall (seriously - it's way harder than it sounds)
   


 

Sing! (perfect voice not required)

in the shower -   
in the car      
in random places
   
 
in the elevator
     
cheers :)

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