Budgeting as a College Student

The struggle is real. I did not really understand the importance of budgeting until I got to college. Before college I was living at home without many financial responsibilities. I did not have to worry about buying groceries and other things that I may need spare of the moment. Everything I needed was at home or bought by someone else. Well now that I am living on my own I have to buy things on my own. I also do not go to school for free anymore. Tuition…Books…Fees…Housing. Not Cheap!!! Money gets really hard to find. Having a financial burden can be one of the most stressful situations there is in college. At least it is for me. In order for me to stop stressing, I had to come up with a plan to keep myself from wasting money. This was very difficult for me because I am a natural hair product junkie, along with being spoiled and getting what I want all the time. However, the products are not cheap. Here are some tips on how to balance and manage money while in college.

  1. Buy only the necessities first. This is very important, especially if you are used to buying whatever you want whenever you want it. Buying only the necessities first will allow you to at least have what you need rather than the things you want. This takes a lot of discipline and self-control. This tip is very hard for me especially if I go to Wal-Mart. It is like I lose my mind in that place!
  2. Buy one item that you really want once a month. This helps with avoiding being wasteful. We tend to buy things that we can live without. We often fail to realize it because we want to satisfy our pleasures and desires. My one item is usually a hair product because I like to try different things on my hair. If I do not by a hair product, I either buy something else that pertains to school or just put the extra money aside.
  3. Decide how much money you can spend a month. This will help you keep everything in order. Knowing how much you have to spend every month makes it a lot easier when it comes to budgeting. This way you do not have to worry about spending too much money because you will already have it all planned out.
  4. Save money. You never know when you will get into even more difficult times. Saving money is the best because you will have something to fall back on when you really get into a bind. It is up to you how much you put aside. Just do it. I save money every month. I know that it may sound weird, but saving money is something that I value and very important to me. I never know what may come my way.

These tips can be very helpful not only while in college, but also in the real world. When I have to pay bills on my own, I know that I am going to have to handle my money with care. Budgeting can help relieve the stress of being in a financial bind.

How are you handling your financial situation?

Published by

Chekaylah Bradley

Chekaylah Bradley

Chekaylah Bradley is a college freshman and attends Troy University double majoring in Graphic Design and Spanish. She loves being natural and has been natural for 5 years. Her hobbies include photography, experimenting with her hair, and anything that deals with art. Follow her on Twitter and Instagram @che_kaykay and be sure to add her on Facebook: https://www.facebook.com/chekaylah

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