by Brian Murphy
When referring to a
college education you often hear the term "higher
learning." When it comes to college, the education
isn't the only thing that's "higher" so
is the price. Along with tuition you'll have dorm
fees, a meal plan, books, and many other expenses
that may pop up unexpectedly. Now I bet your wondering, "Where
will I find the cash to party?"
Don't fret just yet!
If you could muster up enough money for that beat
up Pontiac in the driveway, you'll have no trouble
saving extra cash for some fun during the semester.
First, start planning
now. Learn to manage your money before you head out
for school. Patricia Q. Brennan of Rutger's University
advises taking your paychecks from work and putting
a little bit away each week. Even if it's just five
dollars, it'll add up.
Don't have a part-time
job? What are you waiting for? Not only are jobs
a source of money, they're also a great way to make
new friends. Working just a couple of hours a week
is a couple more bucks in the bank, and that much
closer to financial freedom.
Also, don't be afraid
to cut some cash corners. Murray Baker, author of "The
Debt-Free Graduate" offers some penny pinching
pointers:
1. Pack a lunch
for work or school instead of buying one. Lunch money
adds up when your dealing with a couple of dollars
everyday over an entire year. Besides, isn't mom's
homemade pb&j better anyway?
2. Cut out all
of those unnecessary purchases you make throughout
the day. Is that soft drink or candy bar really necessary?
Try bringing a bottle of water with you and refilling
it instead.
3. Hold on to
that change! Put aside a special place for all of
your extra change from the day. It may be just nickels
and dimes now, but sooner or later it becomes five
and ten dollar bills.
When you find yourself
getting financially frustrated just remember that
you're college bound now. That means having a tighter
wallet today will pay off tomorrow. Any extra cash
you can save will come in handy when you and your
dorm friends decide to take a weekend road trip or
just want to go out and see a movie. If you look
at it this way, the more cash you can save, the more
partying you can do. So let's get saving!
