Tips on saving money for smart students

in Credit

School can be quite overwhelming especially with all the projects, home works, rent and even the partying part. Some parents don’t realize that as a student, you find it hard to save money in college with all of these and they often don’t or can’t give enough allowance money. Being away from home makes it even harder and essentials are often neglected. The best thing you can do is start saving up.

1. Shop in advance - shopping early or before school starts will avoid you from using your allowance money that is meant to be for you for the week/month. If you hae a part time job, then you can utilize that for your shopping needs. If you are staying in a dorm, just ask your parents for items such as beding, towels, kitchen utensils, toiletries etc. So that you won’t have to buy anymore.

2. Sales and discounts- before the school starts, there will promos and sales everywhere so take advantage of it. Prices will be lower than on a regular day. With this, you can check out laptops, notebooks, ens and pencils and many more.

3. Ask- asking won’t hurt, but spending for something that is already available for you for free is. Ask for hand me down from your dorm. If they have supplies like old desks, dishes, towels, utensils maybe you can ask to borrow or even have it.

4. Used textbooks- if you have brothers or sisters or friends, you can ask for their used books instead of buying new ones. If they don’t have the books that you’re looking for, you can look in book sites online and checkout the free and used books on it. Go for paper-back books instead of going for the hard bound books. Prices can go twice as much compared to paper-backs.

5. Make sure everything fits- going to your pad early on will give you an idea of what you need for your pad. As a college student, you have to stay on a budget, you have to prevent going overboard your credit to maintain your credit score report. Don’t compromise your health just to get yourself by for the whole month. Learn how to save money and in the long run, you won’t have trouble with your needs and expenses any more.

Be smart and save up your money, you’ll learn how control your spending and soon, you’ll be able to stretch it then maybe you can treat yourself to something fun for all the hardwork you’ve done. Save money will also help you become financially responsible in the future so keep it up!

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Joy Mali has 190 articles online

If you are a college student, then as much as you want to screw up your FAFSA, you sure want to improve your credit score. Keep a check on your credit history from the start for a happy financial life.

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Tips on saving money for smart students

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This article was published on 2012/06/28