How I Budget and Save as a College Student
I like to go out to get tacos. I love grabbing coffee with a friend and chatting for hours. I like to visit the grocery store once a week and stock up on some staples for some easy, healthy meals. And all this costs me.
I really don’t spend that much, and I can tell you that openly and honestly, because I sit down and write out my expenses twice a week. There’s $2 here and there on a Diet Coke when I’m having a particularly tough work day or there might be a transaction for a lunch special at my favorite Mexican place that only cost me $5.50, but that’s pretty much it aside from groceries and gas.
Now, I’ve never completely been out of money or anything like that, but I do think it’s important to budget yourself. Just because you have $600 in your checking account, you still might not want to just keep sliding your card into infinity until you get a sad email letting you know you’ve overdrawn your account.
I’ve put together a few tips today that I’ve adopted throughout the past year and a half or so.
I buy the clean, simple foods at the grocery store
If you follow me on snap (cristina.snaps) you know I’m a huge fan of sweet potatoes and zucchini. The two of these in my shopping cart only cost me around $2 and they make for an easy meal. Adopt a “cleaner” grocery shopping mindset and you’ll see a relief to your bank account. (And your pants might fit better, too!)
I eat out with coupons
So, our bookstore gives away these coupon books at the beginning of every semester. And at the beginning of every semester, Cam and I take home about 10 between the two of us, haha. We use coupons most times we eat out, and we take advantage of student deals and discounts. I can eat lunch for around 4 or 5 dollars or maybe even get free queso somewhere, and that really helps me out financially.
I write down my expenses every Wednesday and Sunday
This way, I keep myself on track. I give myself a certain amount to spend for a two week-period, and I constantly check in. This way, I know how much I can spend for a specific week and that will affect whether or not I allow myself to browse Target or whether I schedule a coffee date or not.
I have a gifts + trips savings account
I also have a regular savings account, but I find that come Christmas time and when there are important birthdays, I want some extra money for shopping for gifts. Cam and I also travel several times in a year and therefore we have to eat out a bit more than usual and/or fill up more on gas. With a special savings account for this, I don’t have to dip into my school money when I want to do something fun.
I don’t cheat on my budget
If I have $13 to spend in a week, I’m going to make that $13 work! That may mean I eat my meals at home or I put off getting a hair cut until my next budgeting period, but it works for me.
How do you save as a college student? Or if you’re out of college, what’s one thing you know now that you wish you knew then? Thanks for reading!
X,
Cristina
