If you're also a college student, you probably know one of the biggest struggles that we tend to obsess about -- finances. Maybe in some cases, you don't. But for those that stress and cry about paying rent next month while trying to figure out how you're going to pay for books this upcoming semester, maybe I can offer some kind words of encouragement and advice.
Dear College Student,
Another semester is upon you. Before you know it, you'll be back in the classrooms, studying, working hard to earn that piece of paper, another step toward your future. But you might also be stressing about how you're going to afford all the necessities of college, like food, books, rent, etc. It's a lot to think about. But I'm here for you. I'm struggling just like you are. It's tough now, but if you just pace yourself and be aware, you'll make it through another semester. I mean, look how far you've came.
1. FAFSA
Did you fill out your Federal Student Aid application yet? Don't forget that FAFSA is a free application to receive financial help from the government. If you qualify, they will give you student aid toward college. It's so important to do this. That's free money waiting for you to claim it. Go to https://fafsa.gov/ to apply today, OK? It may look long and annoying, but this is something you definitely do not want to postpone.
2. Pace yourself
If you do receive government help, you probably know how exciting it feels to see that large amount of money suddenly in your account or that heavy check in your hand. You're probably thinking, now I can get that PS4 I didn't get for Christmas! or now I can get those shoes I've been staring at. Hell, maybe both. But just because you have the means, doesn't mean you should spend it. I know it's so tempting, but make sure you keep the essentials in mind. The Playstation can wait, but the books, school supplies, and food cannot.
3. Get a job (If you can)
If you are struggling month to month, try applying different places to find work. If you live in a college town, some companies are flexible with college student schedules. Now, before you open a new tab searching for job openings in Target, just wait. Keep something in mind: Can you afford a job? Sure, making a check sounds glamorous, but don't forget that with a job, it takes work. You will have less hours to study, less hours to lounge, less hours to do the things you usually do. You may come home late, you may be tired, and might put off writing that paper another night. Your grades may slip. But your education is the most important thing. It's the reason why you're in college, OK? So it sounds glamorous, but trust me, it won't be easy.
4. Put Away the debit card
Debit cards are nice; you can just slide that pretty piece of plastic in a machine and boom! Groceries in hand. But if you have one, you'll realize how fast your account will deplete because of it. So what's my advice for you? Take out cash instead. If you must use a certain amount of money every week, take the money out via cash instead of debit card. You'll be more aware of how much you're actually spending each week, as well as limiting yourself to what you need, rather than what you want.
5. Be positive
Money is one of the definitions of stress. It's a lot to worry about, not even including the fact that you're a college student. But stay positive, OK? Be positive and aware of your spending. Don't let it all overwhelm you. You can make it through one of the biggest tasks of life itself. The simple fact that you made the decision to go to college shows not only how smart you are, but brave as well. You're willing to jump the hurdles that life brings you, and finances are one of them. You got this.
I hope that those that read this understand that this isn't just another Odyssey article, but true words that I mean from me to you. I am with you. I understand you. I am just like you. It's rough, it is, but you can do this. It'll all be worth it in the end.
Love,
Another financially struggling college student
