How to Budget in College and Why it Matters

College is often the first time students manage their own money and it can get overwhelming fast. Between textbooks, food, tuition, and social events, its easy to overspend without realizing it. But learning to budget in college doesnt mean giving up everything fun. Instead its about being intentional with your spending so you can avoid stress, debt, and financial mistakes down the line. Budgeting isnt just about cutting back its a form of freedom. It helps you make the most of your money and take control of your future. Whether your living on campus, commuting, or juggling a part time job, a solid budget is your best friend.

Tips on Budgeting in College

• Track Every Dollar: Use personal finance apps to track spending, categorize expenses, and set goals. These apps help you see where your money goes so you can make smarter decisions.

• Create a Monthly Budget: Use simple, user friendly budgeting tools. This allows you to plan for every dollar you have coming in and going out.

• Separate Needs & Wants: Use your own spreadsheet or Google Sheets budget template. Customize it with essentials like bills and food vs extras like eating out and subscriptions. This puts spending in perspective and encourages you to prioritize wisely.

• Make Use of Student Discounts: Use student discount services like UNiDAYS or Student Beans which list verified student discounts for clothing, food, tech, and more. This helps save money on everyday purchases and larger expenses.

• Take Advantage of Campus Resources and Events: Many colleges and universities provide free public transportation through on-campus shuttles, off-campus buses, and bike rental services. You can also consult your school’s event calendar regularly for details about free food, concerts, and movie nights.

Gaining Money While in College

• On Campus Jobs: You can look in your colleges career center or student employment portal. On campus jobs often work around your class schedule and provide steady income.

• Sell Items You Dont Use: You can use Facebook Marketplace and Poshmark to declutter your home and turn unused items into cash or even sell used texted books to other students looking for a nice deal.

• Apply for Scholarships Year Round: You can use sites like scholarships.com to find thousands of scholarships with varying eligibility. Free money=less debt.

• Tutoring: Making use of your academic skills is a great way to earn money through tutoring other students in subjects you excel in.

By: Zachariah Solomon

https://www.wellsfargo.com/goals-going-to-college/student-budget/

https://www.uwlax.edu/college-tips/how-to-budget-as-a-college-student/

https://www.bestcolleges.com/resources/budgeting-in-college/