Friday, October 8, 2010

Start saving NOW!


For many of us, college is a time when we can cruise by on school loans, checks from Mom and Dad, and our paycheck from our easy work study job.  However, the real world will not be so breezy.  My piece of advice: before you are officially an unemployed college graduate (not to be pessimistic), start by saving as much as you can now.  You don’t want to wind up with $50 in your bank account and be forced to work at the local grocery store while you’re looking for a real job just to get by.

Top 5 Tips for Cutting Corners- College Style

1. Don’t eat out- As juniors and seniors, we have painfully been introduced to the world of grocery shopping.  It’s expensive!  So, eat what you have at home and don’t waste the extra cash on fast food or lavish dinners.
2. Take advantage of college deals- Get that college ID out and ready when you find yourself at a movie theater or grocery store.  Many businesses offer great discounts to students just because they are in college.
3. Turn off the lights- As we enter into the winter months, our gas and utility bills are going to get even higher!  I know it was annoying when your dad told you to do it, but turn off lights and tvs when you’re not using them.  It will make a difference on your next bill.
4. Be creative- Your family and friends all know you are a college student.  Make homemade presents for birthdays or holidays…it will save you tons of money and usually  mean more to them anyway. : )
5. Don’t go crazy-  If you are lucky enough to have a little extra spending money from your college loans, be careful what you do with it.  Sure you might feel rich with that extra couple thousand in your bank accounts but remember, you will have to pay it back...with interest!

Posted By: Kayla Molczan

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