Hello, wonderful students!
Today the Real LIFE office is launching a new blog series called Five For Friday. This means every Friday (or Thursday if that’s when I get around to posting it…ahem), one of our fabulous money experts will offer up a list of TOP FIVES. You’ll never know exactly what fantastic fives you’ll get each week, but you can count on one thing… they’re going to help you manage your money!
So, is everybody ready?
Here we go…
5 Ways to Save Money in College By Jordan Parker
Hello, everyone! Today we’ll be talking about SAVING.
As college students, we all are trying to save our next dollar. Here are 5 tips to help with that!
1. Get a job!
Whether it’s on campus or off campus a Job will ensure you money. I know you’re thinking, “What if I can’t work that much?” It’s okay! A lot of jobs will work with you. You just have to find the right one. On-campus jobs are flexible and convenient, and if you have papers due or tests coming, they usually understand. If you want to work off-campus, try a fast food job. Flexible hours are also a benefit here and employers are used to working with student schedules. Another opportunity is working in the mall. It closes at 9pm so you can take an evening shift and still have time to study and do homework. Plus you can receive discounts at the store you work in. Who wouldn’t love that?
Some good sites to find employment are the MSU on-campus employment office, snagajob.com, craigslist.com, and indeed.com.
Most likely if you’re on campus you won’t need to cook because you have the lovely meal plan they provide for you. But there still is the option if you would like to. Not only does cooking save tons of money, it’s healthier! Weight gain is a common worry in college, and a good way to manage that and your funds is to cut out the fast food. Bring your dinner to work if you have to work late, instead of buying a $10 meal. With the money you save, you can get 5 lean cuisines plus a healthy snack of your choice.
Save gas and money at the same time! You can invest in a bike, walk, or take the shuttle! It might take you a little longer and you might have to leave a little earlier, but the $20 you put in your tank will last you twice as long! Plus you get exercise! You can also use the Shuttle. It’s free, and the drivers are nice and timely! Missouri State also has an app on I-tunes that allows you to locate where each colored route is in REAL TIME!
4. DIY! (Do-it-Yourself)
There are so many things you can do yourself! Make clothing! Bling your old accessories instead of buying new ones! Pintrest.com has loads of ideas. This is also is a good way to earn money if you decide to sell what you make. Turn your hobby into something profitable. It’s a win-win.
5. Savings Account!
Last but not least, if your bank permits, get an interest-bearing savings account. It’s easy to set up and you don’t have to put a whole bunch of money in it at a time. You could put a recurring $10 every time you get paid or any amount you desire. It can be your emergency money or money for you to start paying off the interest on your student loan. Saving early can result in thousands of dollars in savings later!
When it all boils down, saving can only help you financially. There are plenty more ways to save money in college. Go look some up and let us know what you find!
We’ll see you all for next week’s installment of Five For Friday. Enjoy your week!
The MSU Real L.I.F.E Staff!
Paris and Jordan (Peer Counselors)