In college, you’ll probably face an unusual financial situation.
While your expenses will be limited (you and your family will pay up front for your housing and meals at the start of each semester), you probably won’t have much disposable income, either. The reason? Unless your parents are fairly well off, college bills will seriously drain their cash flow—i.e., you shouldn’t expect a bigger allowance than the one you had in high school. While you can get an on-campus job (in fact, I recommend it), these jobs usually don’t accommodate extravagant student lifestyles.
So how can you make the most of the limited cash you have as a college student? TheRealCollegeGuide.com recently offered the following money-saving tips for students.
- When going out, limit your pocket cash (and leave your credit card in your dorm room).
- Buy quality clothing that won’t fall apart.
- Switch your prescriptions to generic brands, if possible.
- When dining out, order water instead of soda.
- Find online discounts or coupons.
Click here to read more about each of these pointers.