Sometimes when you get to college, it’s your first experience with true independence. We have a tendency to not invest where we should and spend money on things we don’t need. Whether it’s your first year in school or your last, everyone makes the same common mistakes. Make sure you don’t pick up on these poor spending habits in college.
Letting All Your Money Go To Food
Okay, we can admit that it’s a lot easier to spend your dollars on that McChicken, but you should minimize your visits. It may be tempting to eat out with your friends most nights, but cutting back can save you big bucks. College Connections from Wells Fargo says that by limiting yourself to two lunches a week can save you at least $30 a week and $450 a semester. Fast food is great for saving time, but a meal at home is cost effective, can last for days and your bikini-ready body will thank you.
There’s nothing wrong with spoiling yourself every once in a while, but don’t make it your pass time. CNN says that “When it comes to making major purchases, patience is a virtue.” Often times, when there’s something you’ve had your eye on, there may be a big sale coming up, making it worth the wait.
Paying Your Bills Late
This may be obvious, but also easy to forget. The College Investor encourages students to pay their bills on time so their credit score isn’t affected for the future. It will only cost you more through late fees and interest charges. College is the best time to both begin establishing credit and gaining responsibility as an independent adult.
Spending Money On Printing
Why are you still spending money on printing?! There’s nothing worse than a professor who hasn’t caught on to the digital age and wants you to physically turn in your 20 page paper. If you have yet to download the Freenters drive onto your computer, you’re not only losing money, but you’re losing money. First you’re losing money from campus printing, and second your not earning money through Freenters’ printing. Visit our website and start earning money for what you’re already required to do. It’s fast, it’s easy, and it’s free to use.