5 Budget Tips For College Students | The Odyssey Online
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5 Budget Tips For College Students

Everyone needs more money, here's a practical guide to save hundreds.

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5 Budget Tips For College Students
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1. Eat Healthy


Any food with 'pre' before it, costs serious money. Prepackaged, pre-made... Think frozen dinners, pizza, fast food, chips, cookies, and even granola bars. Fresh fruits, veggies, meat, poultry, and baked bread cost less than prepared food found in the frozen aisle. Rule of thumb: If there are more than five ingredients on the food label or you need to Google the ingredients, you are spending too much money on groceries, and your groceries are not healthy.

2. Unplug Useless Power


Unplug your phone chargers, computers, air fresheners, or lamps. Turn off your microwave, televisions, and curling irons. Chances are the electric bill is killing your wallet because of the lights you leave on when you're not home or not in the room. Buy energy efficient light bulbs. Be conscious of wasting power, and your money.


3. Enroll in Budget Billing

Many electric, gas, and water companies offer a budget billing option for you to save money. Usually, you will pay a fixed rate each month, so you know what to expect on your next bill.


4. Think: What is a NECESSITY?


Food? Lights? Warmth? Gas for the car? A home? Loan payment? Bills? Hygienic products?Quit impulse buying. Do you really need that Louis Vuitton backpack, or do you just need a backpack?


5. Sit Down and Make a Budget!

Write down your income and how much you spend on necessities each month. Then rule out what is using your money versus taking your money. Check your bank account each day for a concise balance. On average, you should only be paying 1/3 of your income towards rent. Don't try to outlive your pocket.

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
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