Planning a budget sure makes s life easy and manageable, so it’s time we should plan our financial matters in such a way that there is room for the best of things. With clever planning we may end up saving for the things we longed to do and in this way we will be able to control our expenditure.
College students have a limited amount of money they can spend because they are on a fixed amount from loans and college savings to use as a source of college money. While some college, students work on the college campus to earn money so that they can afford to pay for their education.
Some students are so tight on their college fees that they pay their tuition fees by doing odd jobs around the campus. When your hand is tight on your money you try different ways to earn an extra buck so that you can spend some money on recreational activities. And if you take student loans you will have to pay back the loans after graduation. So it’s best to plan a college expenditure budget when the going is good. You only need a little sacrifice and follow your budget rigidly to get rid of problems that will later follow you because of your loans and debt.
Maintain an account of all the expenses to expect in college and estimate the required amount you will need for college expenditure. The student office on the campus will give you a rough idea on what your expense maybe.
• Tuition fee and books:
Some college give discounts to deserving students and also give out scholarships to the student who can’t afford to pay their total college expense. You can always buy used books as they can save you a lot of money and you can live within your budget.
• Utility and room charges:
Sharing rooms with other students will cut down on your rent.
• Meals And groceries:
Eating meals in the college campus will save money. Avoid junk food as they will spoil your health and waste your money too.
Use the local bus as public transport is cheaper. Join car pools with your friends as that surely cuts down the expense.
• Personal items:
Buy your personal things like tooth paste and shampoos from the local grocery. And look for the local brands as the branded ones will be more costly.
• Laundry cost :
Wash your clothes in the public laundries instead of sending them to the dry cleaners.
Entertainment is another important fact that we can’t ignore. And it’s always healthy to enjoy and relax. Enjoyment and relaxing are the part of healthy living.
• Medical cost:
Some educational institutions offer free medical services so the best thing is to avail these opportunities in time of need.