If you’re working to earn your degree you may be getting frustrated from trying to make ends meet. Tuition and books can be a huge drain on the budget, and many students don’t have the time to work while attending classes. Here are some tips to help stretch your budget while getting your education:
Make a budget. Write down all your reoccurring expenses as well as your income, so you know exactly where your money is going to. You might need to save your receipts for a month or two, especially if you use your bank card to purchase at stores and restaurants. You should be able to put all your spending into categories, such as utilities, transportation, food, and entertainment.
Look at each item on your budget. Utilities can be trimmed by dialing down the heat (just one of the energy savings tips that Romeo’s Fuel recommends), turning off stuff when you’re not using it, and sacrificing luxuries for a while. Check your TV bill; if you have cable or satellite you may be able to move to a lower tier and save a big chunk of change. The same goes for your phone; make sure your plan is the most economical available. How many recurring costs come from disposable products that could be replaced with a permanent alternative? Rather than buying disposable razors, maybe try straight razors or safety razors like those on www.getshaveadvice.com.
Look before you shop. Download a savings app such as Groupon and check it for coupons and discount codes before you head out to eat, work out, or get a haircut. Once you get in the habit you’ll be amazed at how much savings are available!
Make a list before you grocery shop. Ramen noodles may be the go-to food for students, but you can get a healthier diet by buying fresh fruits and vegetables when they’re on sale. That doesn’t mean you shouldn’t eat ramen once a while; in fact, you may want to try out a tiktok ramen recipe with some veggies and egg! An affordable and simple meal that’s perfect for college students. Nevertheless, try to get some fruits in your diet too. When your body gets proper nutrition it can function more efficiently, and that means more brain power and better grades!
Cut the restaurant and bar tabs. These can be a big hidden expense, so track your entertainment spending and then make a list of things to do with your friends and get them on your savings program. Pool your money and cook a meal together, have the gang over for a potluck barbeque, or just kick back and have a study evening together.
College doesn’t last forever, and the expense of attending shouldn’t either. By using your common sense and creativity you can earn your degree without earning a big chunk of student debt at the same time!
