Saving Money 101 for the folks who need it
As college students, money is constantly on our minds. We have the freedom and responsibilities of an adult, yet we don’t have the steady income adults have. That’s why it’s important that every dollar that comes our way is spent wisely!
Here are some habits you can pick up now that will add up in savings:
Make The Little Things Count
Remember those loose quarters on your table that are just collecting dust? Well this tip will put them to good use! Create a jar with a specific goal written on the top. Put all of your loose change inside of the jar, and you’ll be surprised by how much it can add up to. Save for something meaningful, and you will be more encouraged to see your jar fill up.
Start a Side Hustle
Now, I know this option may not be for everyone. If you’re not sure that you can balance between a job and school, remember that doing better in school now will have an exponentially higher payout in the long run over a small job that ruins your grades.
But for those who have the time, having a side hustle can be a great asset. There are places on campus, like Student Stores, that are always hiring. On campus jobs are also a great way to meet friends! If having a stereotypical job doesn’t sound appealing to you, there are plenty of opportunities to make money anywhere- even from your bed. Skills like a second language are always in demand, and always need tutors. Sometimes a quick search on Google is all you need to finding your way into some extra cash.
Pro tip: Make sure the job is legitimate before you take it.
Nowadays, budgeting is way easier than saving a bunch of old receipts. There are a ton of different apps available to help you, whether you want to see where your paycheck is going or if you have a specific budget goal. If apps aren’t really your thing, a reliable excel spreadsheet will do just fine. In my budgeting experience, the effort alone has made me realize just how valuable every dollar is.
Sometimes the best deals aren’t found on the internet. Chapel Hill caters to college students, so be on the lookout for places that give student discounts. There are a lot of events held on campus that give out free food and swag, so be sure to check out those places too. If you need transportation, the transit system in Chapel Hill is arguably the best in North Carolina- and is way cheaper than taking an Uber.
Whether you’re returning to UNC or starting your first year, learning how to effectively save money will help you through any financial difficulties that may come your way. It pays to be financially smart!