6 Expert Tips To Save For College
It’s hard to attend college due to the overwhelming tuition fees that just never cease to climb up. Fortunately, there are more than a number of ways to cancel out the weight of those fees with a few good budgeting strategies.
However, in order for this to work, you need to start saving up as soon as you start your first year. Start using these helpful tips to from today to save for tomorrow:
- Don’t Misuse Your Credit Cards
The urge to do some impulsive shopping from your credit cards is just too tempting to resist. While it gives you the leverage of purchasing goods at your convenience, it can be an addict that can burn a hole in your pocket.
You’ve probably heard stories of spoiled brats falling prey of their credit card extravaganza. Would you like to be one of them?
- Make A Budget
Without a budgeting plan, there is no way you will be able to manage your college expenses. For successful completion of your tenure in the college, you have to take note of your spending on the daily, weekly and monthly basis.
It is one of the most useful ways you can save for college. Make a habit of budgeting to keep tabs on your cash flow.
You can also use free budgeting apps for help. Mint and Level Money are some of the finest apps that provide assistance on this matter.
- Chip In With Your Dorm Mates
If you are living with other students in dorms or apartments, then you can ask them pool money for shared things. Have a discussion with them about who gets to pay for which expenses.
While you live together on the campus, you all can divide your expenses in terms of their share in food supplies and living accessories.
- Create A Checking Account
There are banks that provide students some leeway when it comes to sending and receiving money. The banks offer them free saving and checking accounts that help them avoid additional fees on funds transfer and withdrawals.
It will be great if you could find a bank with good ATMs nearby that will help you save on out-of-network charges.
- Make Use Of Your Student ID Card
Your student ID card is not just for flaunting around campus for no reason. In fact, it can be useful in a number of ways. From availing discounts on educational stuff to get the bargain in luncheon, the card can come to your rescue to avoid the expenses.
In addition, you can use this card to get meaty cuts on shopping as there are certain companies that offer the special discount to students.
For example, Amazon Prime membership offers 50 percent discounts to students and even that comes after a 6 month free trial period.
Therefore, you should make use of your student ID card to avail the cuts in campus and get the best deals in the market.
- Look For Financial Aid
With wages continuing to fall, how can any student expect to pay their fees and student loans? Such a situation calls for a help regarding the financial aid, for example, student loan, grants, and scholarships. All these financial assistance is helpful to keep you away from suffering the music of financial stress and stay happy in college.
Remember that your studies are your biggest investment in your life. The ROI of this investment comes in the form of prestige, social status, and wealth. Would you like to compromise on such valuable things for trivial temptations of life?
I am sure you will never want to do that and this is the purpose that this article seeks to serve.
Author Bio: Kendall Jenner is a student counselor at Dissertation Help UK. She is also a pro blogger who loves to write about student’s life, financial assistance for education and career. You can follow her on Facebook, Twitter and Google Plus.
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