Things college students waste money on
Post By: Admin
Category: Student Life
Only a few years ago the cost of education was comparatively low if compared with todays. Starting from college fees to buying books, renting an apartment to socialising, the cost of everything has suddenly increased to a massive extent. On top of all this expenditure, a student needs to save some amount of money every month to use it in time of need. Most of the students become broke at the end of every month due to spending money without any calculations. And moreover, college is a new experience for them and students usually don’t think twice before spending their money on something which might not be beneficial for them. So at the end of the day, the money gets wasted on something not worthwhile and students usually run out of money. Below are mentioned some of the factors which are responsible for wasteful spending:
Instead of buying new books go for the old one. Save the money and rent books. Sometimes buying old books and going digital helps to save a lot of money. Often universities provide the student with textbooks so that you don’t have to buy them. Moreover you can also search for local bookstore online.
Before you settle down for any bank, read the terms and conditions carefully.You can always have a chat with your parents before you decide to sign up for a certain bank. Credit cards are not meant to be spent in a reckless manner. Once you fall into debt, you have to repay the whole money. Take help from reliable sources and you can also take the help of the various links present on the internet. Choose a bank which is operable from any corner of the world with proper ATM access. You can also opt for mobile banking to keep track of your expenses.
- Spending too much on food
College students usually end up spending an ample amount of money on buying food from the outside. With no parents to help them make their way through the kitchen, buying food from the outside seems to be an easy option for them.Every meal in almost every fast-food joint cost approximately around $10, that is if you keep eating thrice or four times a week, the number adds to something around $30-$40 each week. Instead of spending it on food, you can save this money and use it later on. Go to a grocery shop, grab some of the fresh food and learn how to cook. Take help from YouTube if you want!
If you think that your inexpensive trip won’t cost you much then you are wrong. These small trips that you take after each semester or sometimes perhaps every alternative weekend is another reason for you to go broke sometimes! In order to take a break, you don’t necessarily need to travel a long distance. You can always travel camp within your known territory and often go and pay your parents a visit. Taking a break from studies and work becomes essential at times. But doing it on a regular basis is going to be hefty on you after a certain period of time!
- Take advantage of the students deal
Flashing your student ID card can at times help you to get a discount when you decide to buy a computer, clothes, books or movies.Before paying the bill, check if you are eligible for a discount. Take advantages of deals like this till you have time in your hands. You can also opt for certain student’s programs like “Amazon Student” or “Student Advantage” in order to get exclusive discounts.
Paying the rent is considered to be the most costly expense a college student can bare.The average cost of paying for the rent is something around $9498. One can easily reduce the money spent on paying the rent easily by sharing a room with fellow classmates or by living in the campus area. By sharing a room with a friend will help you to reduce the monthly cost to a great extent.
- Wasting the tuition money
The tuition money can easily be wasted easily if you do not attend your classes on a regular basis. The tuition money is entirely for all the services which are being provided to you by the campus, so instead of wasting it, utilize. If you can pay a visit to the resource clubs, participate in the club programmes and make the most out of your college experiences.
- Spending too much on entertainment
College life is not about taking notes and giving exams. It is also about experiencing new things and breaking the old regulations. But sometimes too much of entertainments can be a bit of expensive. So do go out, explore the new place but try to stay within your budget. Instead of hitting the multiplexes try to stream online or attend the programmes offered by your college or university.
Staying on a budget is extremely important especially when you are a student. College life helps you to lay the foundation of your future life. So do enjoy and do everything which will make you contended and happy but always try to balance things.Like it is said, “Balancing your budget is like protecting your virtue. You have to learn when to say no.”
TAGS: Student Life