As a current college student, I definitely know the struggle of not having a lot of money. It can be a sensitive subject for me, especially when I’m talking about it with my parents. During the summer, college students are expected to find and maintain a job to earn money but sometimes I think parents forget how hard it is to find a job. It’s not as easy as you think! You don’t always luck out and get the first job you apply for. Sometimes it will take time but until that job comes around. Here are some ways that I have managed to spend less and save money this summer.
I cannot stress enough how important budgeting can be. So much money can be wasted if you don’t look carefully in to how much you spend daily, weekly, or even monthly. Making some type of budget to stick with and checking it continuously can make the difference on having $20 leftover or having $200 leftover when the summer comes to an end.
2. Plan ahead
In the summer, it is so easy to swept up by random events that you want to go to like concerts or making a trip with friends somewhere. Just like budgeting, you need to plan wisely how to use your money especially if there ends up being surprised bills later on that you aren’t ready for like car problems or parking tickets. Having planned set aside money can take some stress off of spending money on bills later on knowing you had planned ahead accordingly.
3. Use Your Resources
It so easy (I’m definitely guilty of it) to spend money on things simple things like coffee or eating out for lunch when using the resources you have at home can a cheaper alternative. Making coffee at home or making dinner at home can cut out those extra expenditures that you think won’t hurt your bank account but added up monthly can leave a serious dent in your pocket.
4. Never Impulse Buy
So much money can easily disappear when you buy something spontaneously. Sure in the moment you might really like those cool pair of shoes are worth it but in the end you probably already have a pair just like it at home. Taking out the impulse purchases and cutting back can be life lessons in college that help us out in the long run.
Hopefully these tips can help you save money this summer. Comment below with more ways to save!