Money Saving Tips to College Students Studying in the City

Being in college is no joke especially in terms of financial aspect. In fact, many college students are known for living in a frugal life. Yes, it sounds tough specially if you are studying in the city. Studying in the city is too different from living and pursuing college education in a small town. Whether they like it or not, students need to spend more than the allotted budget to survive college life in the metropolis.

A lot of students have surpassed financial challenges while studying in the city and succeeded in their studies. Wonder how they did it? Frugal living is the key factor. Sure, there are plenty of money-saving tips you can think of. But, keep in mind that frugal living does not mean you should renounce your needs. Be smart in choosing between needs and wants. Think of the basic needs and how you can minimize these expenses while studying.

Food

Of course, college students cannot afford to starve themselves just to save money. Good nutrition is essential to absorb the lessons and perform well in the class. But how can you save without starving yourself? Pretty simple. Spend your food budget wisely.

Instead of dining in those lavish restaurants serving luxurious and sumptuous dishes, go to the grocery store then buy food supplies enough to last for the whole week or for two weeks. Indeed, it is very convenient to dine in restaurants; but you will be amazed at how much you can save if you cook your own food. Buy food you can easily bring to school for lunch or snacks. Maybe not all, but most eating places within the city are a bit pricey.

Transportation

Is your school a few meters from your pad? So, why not burn some calories while heading to your school? As we all know, walking is the simplest form of exercise. Walking does not really mean sweating yourself (you don’t wanna smell bad while in class). If it is just 5 to 15 minutes walk, make your way to your school while keeping yourself physically fit.

On the other hand, if you really have to take a ride, avoid spending your money on cab. Take the bus to save a considerable amount of money. For example, you might spend about $15 dollars for taking a cab (depending on the distance) while approximately $5 for the bus ride. Just imagine how much you can save! The difference is too big. To avoid getting late in school, wake up early so you won’t miss the bus.

Housing

Be aware that leasing rate in the city is pretty high whether you are aiming for an apartment or a dorm. Most college students opt to rent an apartment nearby the school to minimize transportation expenses. Thus, it is a big challenge for these students to hunt for cheap apartment for rent. In finding an apartment, there are several factors to think of including location and safety. Of course, you cannot risk your safety just because you want to save.

Browse the Internet for apartments within the area of your school and list them down. For instance, if you are going to study in Houston, you can key-in Houston apartments for rent to start your search. A list of apartments in the area will be shown giving you many choices. Once you have a list, compare the rate and other factors. From your choices, pick the one that suits your budget and needs. Inexpensive apartments may range from $100 to $500. Get in touch with the landlord and ask whatever questions you have in mind.

City life is never easy – especially in terms of monetary aspect. But if you know how to budget, getting your diploma is very feasible without breaking the bank.

Tags: college loans, college tuition, loans for college, money for college, pay for school, scholarships for college, tuition pay

Category: College, Family Finances, Saving Money