29 May Tips for Saving Money as a College Girl
Bills, Bills, Frills
Tips for Saving Money as a College Girl
Contributed By: Chelsea Garcia
The struggle is real when it comes to saving money as a college student. Textbooks, dorm furniture, meal plans, and coffee are all the necessities needed in order to survive a chaotic semester, but buying all these things can hurt your wallet. Especially if you are a college girl who is also trying to save money for that study or internship abroad trip that you have been dying to experience. These trips can be costly and saving for them is not easy to do.
Here are a few tips that can help you save some cash and get you to that upcoming trip that you have long desired.
- Every Penny Counts: Start a “Dream Destination” jar. Every time you have extra coins or dollar bills lying around, throw it in the jar and watch it grow to a big stash of cash. Have some fun with it and decorate it! Although tempting, try not to touch it until you have reached your goal. This is just a fun way to see your leftover change build up. There is also a mobile app called Acorns that lets you invest your spare change from everyday purchases to different stocks and bonds. Investing a few dollars in stocks and bonds now could lead to a thousand dollars later on in the year. Acorns is a great app to assist you if you are a first time investor.
- Establish a Budget: Establishing a budget of how much you spend per week is a good way to make sure you are not overspending. Discipline yourself and try not to go over your budget. If you are someone who gets tempted and spends money easily, download apps like Wally or Mint. These apps let you review your everyday spending, set personal financial goals, and helps you stick to a budget. Once you have a weekly budget set, you will be surprised about how much more money can be saved in your bank account.
- Student Discounts: The perk that comes with being a college student are the discounts and free stuff! Many businesses are aware that as college students we are limited to what we can afford, so they offer special discounts to knock off a few dollars. TUN is a website that gathers student discounts for food, apparel, and entertainment in your local area. Always carry your student I.D. with you as well since some movie theaters, clothing stores, and restaurants give you a discount if you show it. Those few extra dollars you are saving can go towards your travel funds.
- Split up Your Paycheck: Try to split up your paycheck between your bills, necessities, and travel savings. If you can put at least a portion of your paycheck into your travel savings, you will see how quickly it could grow over a few months. If you currently do not have a job, download apps like Workpop and Switch to find job postings in your area or look for on-campus jobs at your school.
Chelsea Garcia is a junior at San Diego State University pursuing a degree in Business Administration and is also working part-time. This is her first time writing for a blog and hopes to continue to establish her online presence. Her hobbies include traveling, going to concerts, and spending time with family and friends.