Budgeting: A Must for College Students
With confirmed college places now in the hands of the fortunate, it’s likely that your mind will be awash with thoughts of your impending study, of friends yet to meet, and of an exciting new city just begging to be explored. College life could never (and should never) be described as all work and no play, but having an awesome social life (or even a halfway decent one) does not come cheap. Believe it or not, your student loan is not actually intended to be spent on beer and wild nights out. Rather it’s meant to cover expenses like rent, food, and text books. You could always take advantage of free online textbooks (Bookboon offers over 800 textbooks which can be downloaded for free), but unfortunately we can’t point you in the direction of a similar site for free digs or free food. There’s only one thing for it. You're going to have to brush up your money-management skills. In the plainest terms - you need to create a student budget. Don’t worry - it’s not as painful as it sounds. You’ll be able to really enjoy student life without having to suffer the burden of unnecessary debt, plus you’ll learn some skills that you can put to use throughout your post-college life (it might seem a long way off, but it’s really not).