When you are at college, money runs out quickly, going away like sand through your fingers. The expenses on books, supplies, dormitory rent and transportation can leave students’ wallets almost empty. This is why it is better to learn smart ways to save money in college as soon as possible.
Simple Arithmetic to Save Money in College
A bit of simple arithmetic could save students from lots of financial troubles. It is better to know exactly how much money you need for unavoidable academic expenses and how much money is left. Then you won’t have any doubts as to whether you can afford a new pair of jeans or your old one is just perfect.
A good idea is to divide a sheet of paper into several columns and write down expenses that fall into different categories, such as:
In this way, you will easily calculate how much money you will still have after paying for the basic essentials.
Free Apps to Save Money in College
It seems that using pen and paper and collecting your receipts is rather old school, isn’t it? Innovative technologies to the rescue! Today, you can keep all your bills in one place online and avoid late fees, because you will receive automatic reminders whenever you need to pay a bill.
Sure, nobody wants to spend dollars on expensive apps to save money in college. Luckily, there are also several free apps to easily manage your finances online:
All of these apps are serious about their users’ security and promise that using them to manage your accounts online is safe.
Cutting Your Expenses Whenever Possible
The next step for those who want to save money in college is to cut expenses. There are many ways to reduce academic costs. These are only a few of them:
What do you usually do to save money in college? Please, join the conversation in the section below.
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