When you’re in college few things matter more to you than academics, partying and money. Let’s face it, the latter is something you’re probably not accustomed to having a lot of. Maybe it’s because your books cost too much, or because partying and all the vices that come with partying uses it all up.
During the summer, students use this time to “re-up” their money through a paid internship or a summer job. Due to all of summer’s adventures, sometimes, the money they are attempting to save doesn’t always stay in the bank.
Here are some tips to help you save the bulk of your money for the coming semester.
1. Ride public transportation
Okay, unless you’re from NYC, this might be something new to you. Last year, I interned in LA and, me being an Atlanta-native who has had a car since high school, I was not the least bit excited about riding the bus. But, I got used to it. It will save you a lot of money on gas and maintenance, you’ll meet/see some interesting people and, if you ride the subway, you’ll avoid traffic!
2. Pack your lunch
There’s nothing wrong with going back to the days of PB&Js and fruit snacks. Packing your lunch allows you to save about $10 daily on lunch. Go grocery shopping, buy all your old favorites—chips, fruit snacks, fruit, etc.—and have a blast making your lunch at night. Then enjoy the fruits of your labor (an extra $50 per week!), but instead of spending it, save it! It will add up, and maybe you’ll have enough for a cheap get away before the semester starts.
3. Take advantage of deals
LivingSocial and Groupon are two great sites that you will find incredibly useful during the summer (or any time of year). Get discounted deals on local attractions, shops and events in your city by signing up and purchasing the deals you’re interested in.
4. Happy Hour is your friend
Better yet, happy hour is your best friend; and, after a long, hard day at work, this friend is here to reward you. Discounted cocktails, beers and appetizers are sure to relieve the day’s stresses. To make sure you’re not going overboard with the stress relieving, set a budget for happy hour and carry cash.
5. Hit the track, not the gym
Gym memberships can be expensive, and frankly, you don’t need all that equipment to stay in shape. Run around your neighborhood or at a local high school track. Need more intensity? Hit the stadium; the combination of the stairs and cardio tones you and burns fat. Knees a little bad? Try suicides on the football field. For other body parts, try exercises that will never forsake you: push-ups and planks!
6. Forget the tip
Instead of meeting friends for dinner or afternoon brunch at a restaurant, schedule weekly luncheons/dinners at each others houses. Each meeting could have a theme (Hawaiian, beach party, bonfire, etc.) and each guest could bring a dish or drink. Everyone saves money, gets to stay as long as they want and, best of all, no need to tip!