The Importance Of Saving Money In College

Each year high school seniors graduate, and begin their journey into college. As they transition from high school students to college students they encounter new experiences, and situations in which they have never been exposed to. Incoming or even on going college students face numerous amount of economic situations within every year of college. The improper or proper amount of experience can make or break a student’s college life. The one challenge many college students face is managing money for the year. Saving money in college can be a hard to do task due to the many expenses students face, but there are many ways to save and manage money as a college student.
College students have great amount of expenses including Household expenses, Educational expenses and personal expenses. Whether a student begins to live in a dorm, rent an apartment or live at home with parents, house hold expenses such as sanitary products, food and bills become inevitable. As stated by the article, …show more content…
One of the many expenses that become overwhelming to college students are textbooks and tuition, especially textbooks for incoming freshmen. The article shows various alternatives to reduce the expenses such as “purchase used textbooks whenever possible…pursue scholarships whenever possible.” (Saving Money While In College). As an incoming or ongoing college student, money can be saved by managing each expense, want, and need. The first step to begin saving as stated by the article is to make a budget. “This is number one on our list for a reason…Getting a basic idea of how much you’re spending each month and where you can cut back is one of the most fundamental financial lessons you’ll learn while in college.” ( 24 Ways To Save Money In College). Making a budget is the most important task to do before beginning to manage money and expenses it will make other duties