College life can be both exciting and challenging at the same time. While the excitement comes from the opportunities you have at hand, the challenges are often due to the financial needs that come with being a student at a higher institution. You, therefore, need to be careful not to waste money while studying at college.
Whether or not you have a source of income as a student is not a matter of concern, because the economy is not giving you a breathing space when it comes to college and money matters. Learning a few management tips will help you save money at college. We have made this post to help you know some of the things you need to avoid if you want to survive through college life and come out with little to no debts.
The 5 Things You Must not Buy to Survive the Economy as a Student:
We know that you go to school for one purpose; learning. There is no other agenda that should eat into your pockets as a student if it adds no value to your academic excellence. Here are the top 5 culprits that waste money to keep at bay to come out a successful graduate:
5. Modern and Luxurious Housing:
It is estimated that students at public universities spend well over $10,800 for boarding and room alone per academic year. This figure is quite high for students. However, the schools offer a diverse range of rooms options for the students to choose from.
As a student who wants to focus on your future objectives, you need to choose your room wisely. It is cheaper to go for a traditional dormitory, and you can as well share the room with 2-3 other students. Luxury is not part of the initial plan as to why you joined college. By going for an affordable room, you will avoid misusing money at college.
4. Fashion and Designer Outfits:
College students, especially the teens, tend to follow every other trend they come across. You will find them struggling to ensure that they get noticed. The sad thing is that as the students want to be noticed, they are spending on unnecessary items like the finest clothes in the market.
Did you know that any shirt on the street stall, when well cleaned and ironed, looks as nice as any imported attire? Instead of spending too much money on the latest fashions, you could save the money, and spend it on textbooks and other accessories.
3. Latest Electronic Brands:
So your new friends are buying the latest iPads, tablets, and laptops. Make no mistake of going the same route, because you will be alone in the matters related to money at college. You only need to buy what is necessary and only for educational purposes.
Since electronics depreciate in their values by about 50% in their first two years, you can go for a model that is not trending anymore, and you could save a big deal. Sometimes it is better to use a quite affordable dissertation writing service and it will be cheaper than buying a new laptop, if you need it for assignments.
2. Personal Cars:
You are tired of public transport buses and trains. They are dusty, noisy, and traffic menace is unavoidable. So you want to buy your own car so you can take shortcuts to make it to your destination on time. But wait. Do you really need a car?
Before you decide to acquire a car to take you places, consider the cost that is packaged therein. Have you considered the price of petrol? What about the maintenance costs? A car that is not in business more often makes you incur costs that are uncalled for. A car should not come near your mind when it comes to matters of college and money.
1. Fast Foods:
This is not about diet or health. We are addressing financial matters. Eating out is not an acceptable option for students who aim at saving money at college. Spending a few pounds at Starbucks and a few more at an uptown mall for a quick lunch may seem acceptable at first. You may not realize the impact on time.
Consistent spending for tea and snacks in town will add up so quickly you will be surprised how you incurred so many costs. Eating out while at college should be as minimal as you can to avoid making a waste of money.