Being a college student can be a great time for you. Aside from studying, you have lots of freedom, you meet new friends, you are living in a different city, and you have a part-time job where you earn enough cash to party every Friday night.
Some of college students do not have a realistic view of their financial freedom in mind. This is because most students focus on studying or having fun. However, college life should be a stepping stone to shape your future. You might want to know how to manage time in college while controlling your financial expenses at the same time.
1) Budget Your College Funds
It can be tempting to buy a lot of things that you won’t need later in life while you are in college. The latest fashion clothes, gadgets, and cars are some of the many things college students want. This is fine if they can afford it. However, the problem is some of the students live on pizza and noodles in order to get what they want. Learn to budget your money and make sure that you have more than enough for basic necessities such as food, dormitory fees, water, and college projects.
2) Analyze Your Income Statement
Your income statement is a list of all the expenses and the income that you were given in a week or month. You might want to list all your expenses so that you know where your money is going. If you find out that you don’t have enough funds to get services such as essay writing help which is a main factor for you to graduate, it might be time to let go some of the expenses that you have in a week such as your weekly trip to the parlor.
3) Have a Doomsday Fund
There are situations where you lost your scholarship or your mom got laid off from her job. Your doomsday fund will tell you how long you are going to last without the weekly budget that you are receiving from your parents. Luckily, there are a lot of ways to make money as a college student. You can work on part-time jobs during the summer or every weekend. If you have few classes on Tuesdays, you can use that time to work as a barista at your local Starbucks.
Note that when you apply for part-time jobs, you might have to write your resume as well as an essay explaining why you are qualified for the job. If you don’t’ have any idea about what to write, there are a lot of essay help available for you online. Sites where you can find your ideal essay helper to help you land the job of your dreams.
4) Go Easy on Student Loans
Everyone knows that going to college is expensive. However, it can be worth it once you have finished your studies. A lot of people find their solutions through student loans. These are loans where you can lower the cost of your education and you just have to pay for it after you graduate. In order to study your chosen field, you have to determine first what do you need for college. If you need loans, then make sure that you are going to get just the right amount in order to get by. Do not think that when you get a higher loan, you will be able to quickly finish your college education quickly. This can still depend on how eager and determined you are in getting your degree.
In order to get the funds you need you are going to have to look at the options you have for applying for a student loan. For example, some students may have their parents hold this student loan for them as they may have better credit at the time. By taking out a parent plus loan, they can hold the loan until you are ready to begin paying it back after graduation. A bonus to these loans is that you can refinance a parent plus loan to customize the interest rates for what suits you and pay your loan off faster.
5) Forget about Credit Cards while in College
They can be tempting but credit cards can dig your grave of debt if you are not careful. Most students sign up with accredited companies that offer points and rebates whenever the students swipe their cards for more than a thousand dollar purchase. This habit can be reflected later in life where everything is handled by credit cards. If you can’t afford to have debts outside of your student loans, then simply cut up all your cards and put them into a trash bin. You can learn more ways on how to save money as a college student through reading books and doing online research.
These are just some of the tips that you may want to follow in order to thrive in college. With the right help and the right financial attitude, you will be able to graduate debt-free and get successful in no time. If you want to help with writing essays in order to convince the person that provides a scholarship in your school that you are worth it, simply get the help of professional writers online. This way, you can save a lot of money when you get the scholarship, and use your time to focus on your studies while the professionals are writing your essays.