Three Ways To Survive Financially At College

Three Ways To Survive Financially At College
  • Opening Intro -

    Studying away from home at college is challenging and exciting.

    You get to learn new and interesting things with regards to a major (or minor) you care about, which is helping to set you on your career path.

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You’re also meeting new people and enjoying some well-earned freedom. But, it can also be tough – financially. If you don’t budget how much you’re spending each week, then you could run out of money fast.

Here are three ways to keep your finances in check while away studying.

Draw Up a Budget Plan

One of the first things you should be doing when you arrive on campus for the first time is drawing up a budget for your daily, weekly and semester spending. Yes, it sounds dull and boring, but done properly, it can be a great tool for you to keep track of how much cash is going in and out of your bank account.

You can download an app or create a spreadsheet. Whatever the format, you need to include all your income – whether that’s state aid, financial support from your family or savings. You then to add all your costs, including your accommodation, groceries and social expenses. Don’t forget you’ll also need some money to pay for transport to and from college, and when you head home for the holidays.

Get a Job

If you’re struggling to balance your income and outgoings, then you may want to consider getting a job alongside your college course – if you can fit it in around your timetable and not affect your studies. You don’t have to work every day, you could get a job for the weekends, or some evenings during the week. Look out for vacancies on local internet sites and around the campus.

You could work in a restaurant, grocery store or hotel. Or, how about delivering food to people’s homes? Check out UberEATS driver requirements, for instance. Just a few extra dollars in your pocket each week could make all the difference – helping you to survive financially while away from home.

Shop Around

A big part of college life is buying groceries and cooking your own meals. No more Mom and Dad coming to the rescue! If you’re not careful, this is where you can end up spending a lot of cash. So, with a budget in mind, make sure you stick to it. Go to stores where you can pick up some good deals on groceries, shop around to make sure you’re getting the best value for money.

If you’re sharing accommodation with other students, you could think about sharing household items like cleaning equipment and washing detergent – sometimes it’s cheaper to get these in large sizes, rather each of you buying small packs. Why not all cook together some nights, sharing ingredients? It could work out cheaper. Remember too, if you have any food leftover, don’t just throw it in the garbage – try and freeze it if possible and you then have a second meal ready for a later date.

Image Credit: Pixabay

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