money

Best Frugality Advice for College Students

Being in college is one of the most happening times of anyone’s life. You learn and grow and discover yourself in these years. While in an ideal world you should get to make the most of these years – reality doesn’t exactly make it that easy. The truth is that college is expensive, even though you might want your college years to be rich with experiences, the money aspect makes it difficult.

You are bound to know a few graduates who have been crippled with crushing student loan debt that has caused them to put their life on hold. You see them living with their parents, or in some really dingy dwellings – trying to pay off the loan by living in a rather uncomfortable situation. This can be discouraging and can cause you to stress even before you start college.

When you are in college, although it is supposed to be one of the rich experiences of your life, you need to be frugal. Make the years rich with experiences while managing your money wisely. There are plenty of money-saving tips for college students to take advantage of and going through college without being broke and accumulating a ton of debt is important to ensure life after college to not be filled with stress.

Familiarize Yourself With All the Free Services and Discounts for Students

Take advantage of all the freebies on campus that are offered to students. This is going to save you a ton of money. This is one of the main things to live by to save money every which way. Familiarize yourself with all the free services your campus offers students and your city offers on your student ID card.

Most things that you are not taking advantage of are most of the times paid by you along with your tuition fees, many people don’t even know what they are paying for. It is important to understand your fees structure so that you know what utilities you are paying for and use them to the fullest.

For example, if your university offers a free gym membership to the on-campus fitness center, then why would you want to spend money on gym outside. There are a lot of services that are available for free in universities like bike rentals, free club memberships, access to sports facilities, reading rooms, libraries, etc.

When you start your college, spend the first few days familiarizing yourself with the services and perks available to you on-campus. Make a note of them with their timings and everything so that you can make the most of them. This will help you spend money only on things that you absolutely need and that aren’t provided by your university.

Many stores and travel services offer discounts to students, don’t forget to carry your student ID everywhere to cash-in on those benefits. Every penny counts. Each saving might not look like much, but trust me every little bit adds on. If you want you can keep a track and see for yourself what difference being aware of the roundabouts can bring you.

Final Thoughts

By watching many college students, one of the things I have realized is that many of them live solely off of their student loan money. Just because you are sanctioned an amount of money doesn’t mean you have to use all of it. Most loans start adding up as you go on using the allotted money, so why not try to lessen your spending.

Don’t spend as if there is not a repayment period looming right ahead of you receiving your degree. Your college years can be amazing and rich with experiences without you overspending and getting deep into debt and spending years getting out of it.

You will definitely make your life after college much more enjoyable and much less stressful if you utilize all the money-saving tips and tricks you can find.

Stay tuned, I will be sharing some much-needed money-saving tricks next week for college students to spend less and still make the best of their college years.

Leave a Reply

Your email address will not be published. Required fields are marked *