5 Easy Tips To Save A Couple Extra Bucks On A College Budget

5 Easy Tips To Save A Couple Extra Bucks On A College Budget

College kids are usually poor, but with these tips, maybe there will be a few less.


Being both a college student and someone who really likes to save her money can be very hard when you're off at school. It is easy to start spending money and not even realize that your credit card bill is already at $100 and it's only the second week into the month. Though going out for food, getting a fresh iced coffee, and buying that cute sweater from Marshall's is always worth it... saving that money and thinking smarter when it comes to where it goes will only benefit you and your bank account in the long run!

1. Make sure to set a monthly budget

This can be hard because you see the money in your account and you think that it will last. Yet, each week goes by and it can really decrease rapidly. A strategy that works for me is to make sure to set a limit for myself of how much I can spend in that month. I also make sure to add in if I will be working at all in that month. My budget is sometimes more than other months depending on how much I work. I have personally seen this to benefit not only me but my bank account because by having the budget I tend to either spend to the limit that I have set out or I end up under budget. It can be hard starting off especially because everyone has different limits and different amounts of funding, but in the long run, there really isn't anyone who wouldn't benefit from this.

2. Make that iced coffee or iced tea at home

Coming from someone who has a serious addiction to both Dunkin and Starbucks, this is much easier said than done. It can be so easy to spend $15 in a week on that iced coffee or ice tea. Yet, it is much more affordable and earth-friendly to buy a reusable cup and make your yummy drink at home. Some people may say that they don't have the time, but if you're really in need of that cup of coffee you will definitely make time. If you're someone who likes it iced that makes it even easier because you make it the night before and let it sit in the fridge and then its all ready for you in the morning. By making your drink at home it also saves your money for other more expensive adventures. It may seem small but it will definitely make an impact in the long run.

3. Pack yourself snacks from home

Buying a snack or lunch when you're out and about on campus isn't always the cheapest deal. So rather than spend $5 on a salad or sandwich bring something from home and save a few bucks. Plus if you spend the money on groceries its a waste to not use up all the food you bought. This is also a much healthier alternative because at times your school might not have the healthiest options. Overall bringing your own food not only saves you money in the long run, but it often tends to be the better, healthier option!

4. Look for deals in your favorite stores before you pay too much

Something that I have learned from my mom is to always look for the deals and have a coupon for what you're buying. Often that item you want is not going to be the same price two weeks from now and you can get it for a much lower price. With that said, look out for coupons that can be used for the items that you're interested in. This can be used for not only clothing but for food too. Always look for coupons in your newspapers or online before you pay too much for that Easy Mac or popcorn!

5. Student deals are everywhere!!!

Student deals are everywhere and sometimes not even noticed. I know from my own experience that some credit companies have deals for good GPA and grades. This is where they will give you a certain amount of money each year based on good grades or a certain GPA. I personally have a Discover credit card and they will give you $20 each year while you're a student when you have a GPA of 3.0 or higher. Another great tip is that certain food places will give you a discount if you show your student ID and even at movie theaters. Overall student deals are everywhere yet sometimes hidden. They're out there just have to look hard!

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Top Five Online Banking Issues


Online banking allows you to easily check your account balance, pay bills online and transfer money. A majority of banks offer this service. However, there are some online banking issues you should be aware of.

Service Outages

Online banking makes a number of features easy to access for consumers. However, service outages can happen. Some service outages are planned in advance so banks can upgrade their servers. Unplanned outages are an issue because consumers get used to having access to a number of online services. Some banks have fewer staff members in their branches since consumers can use online banking instead of visiting their nearest bank. This can result in long lines in case of a lengthy outage.


Being able to instantly access your bank account and transfer funds has its advantages. However, this is not good news for consumers who are prone to impulse purchases. Online banking makes it possible to instantly transfer funds from your savings to your main account so you can make a purchase. On the plus side, online banking makes it easy to see how much money you have and to pay bills.

Security Problems

Online banking issues include security. Thankfully, most banks make security one of their priorities. There are still some risks associated with using online banking, especially for users who use these services on unsecured connections. Banks need to store sensitive information for each consumer, which could be catastrophic in case of a security breach. Being able to transfer and withdraw money quickly also means that a person could empty out a bank account if they are able to obtain the login credentials.

Phishing Scams

Using an online banking service might make a person more vulnerable to phishing scams. These scams look like genuine emails from a bank or from another site and trick the user into sharing their login credential. It is possible to identify these scams by looking at the address of the sender or at the link shared, but a user who regularly connects to an online banking service might fall for one of these emails.

Learning Curve

Young adults are able to adopt online banking and familiarize themselves with the features of this service very easily. However, there might be a learning curve for other consumers who are used to going to their local branch for their banking needs. There is also the issue of some consumers not being able to security risks and not knowing how to tell if they are using a secure connection to check their bank account. Some banks have helpful educational material to help consumers navigate their online banking system, but other institutions do very little to educate consumers about online banking.

There are a few downsides to online banking, but this service is a very convenient way to let consumers manage their bank accounts. It is important for banks to educate consumers regarding security issues, phishing scams, and to provide them with the information they need to quickly familiarize themselves with online banking services.

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Dave Ramsey, Thank You For Sharing Your Money Tips And Knowledge With The Rest Of Us

From just starting your program and being only on baby step one I have realized many things.


Ever since starting college I have always had that thought in the back of my head about how am I going to pay off my student debt after getting out of college. This is probably a thought that every student has when they attend college and they know that after they receive their education that they are out in the real world where they have payments to make every month and probably be in debt for most of their life. But after watching your podcast and following your Instagram and seeing all these people paying off hundreds of thousands of dollars in a couple of months is very inspirational.

Paid off student debtDave Ramsey Instagram

From just starting your program and being only on baby step one I have realized many things. One, I spend money on a lot of things that I don't need but never realized until I started tracking my spending to make a budget. Two, saving a thousand dollar before actually tackling your debt is a great task as it shows that if you can save a thousand you can find a way to pay off your debt then. Though it does seem like a long process that doesn't seem possible till you finally hit the triple-digit mark. Three, you don't actually need a credit card in life because you will actually have money you can spend instead. Though I am still wondering how exactly this would work later on with wanting to buy homes and cars.

But overall thank you for sharing your story and knowledge about money and your experiences so others can learn and do better with theirs. So let's all be weird and not broke as you like to say.

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