⁠Budgeting Tips for Students

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College can be a blast, but it can also be expensive. Here are 7 budgeting tips to help you out as a student.

1

Track your spending

There are lots of budgeting apps out there, or you can use a simple spreadsheet.

2

Needs vs. Wants

Focus on your needs first, and see if there's room left in your budget for the wants.

3

Build a Budget

Once you know your allowance and expenses, allocate your money to different categories rent, food, entertainment, etc.

4

Save, Save, Save

This will help you cover unexpected expenses and reach your financial goals.

5

Cook More Often

Eating out can be expensive. Cooking meals at home is a great way to save money.

6

Embrace Free Fun

Check out campus events, free museum days, or parks for outdoor activities.

7

Be Credit Card Cautious

If you do get a credit card,  choose one with a low interest rate and only spend what you can afford to pay back each month.