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Money Tips College Freshmen Should Know

Money Tips College Freshmen Should Know

Take note of some of these tips, as some of them will serve you well later in life too. Money tips are needed in college because students have severely limited funds, but many of the tips can also be used as you get older.

Share car journeys, especially to the store

This is a tip that will save you money in the long run. When your student friends are going to the grocery store, share a car ride, with each person chipping in for gas. The more people that go, then the more economical the journey becomes—meaning that all of the students save money.

Keep your money in the bank

Money is safer in a bank than in your shared housing or dorm. Theft is a problem everywhere, and not just in colleges and in dorms. Criminal sorts are attracted to colleges and college dorms, where trusting or drunk students are ripe for the robbing. They will take anything from your car keys and laptop, to the loose change you threw on your desk. If you live with other students or share a dorm, then your housemates/roommate’s next lover may be a criminal on the job.

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Having money means not spending

How rich a person becomes has less to do with how much they earn and more to do with how much they save. The reasoning behind this could fill a best UK essay. Suffice it to say that the money rich people have is through the money they have not spent, and yet your mind has been conditioned to spend, spend, spend. Test yourself and your friends to see how conditioned they are. Ask them, if you won $20,000 tomorrow, what would you do with it? If they do not say, “save it” or “put it in the bank”, then they are conditioned to spend.

As soon as most people get any money, they instantly start deciding how to get rid of it (spend it). And, the chances are that most of your friends would start listing off the ways they would get rid of their money as quickly as they got it.

Snack if you must, but snack cheaply

Convenience food is the enemy of the student. If you want to save money, then get into the habit of having three meals per day and no more. Make sure that they are substantial meals that fill you up so you won’t be tempted to snack during the day, which is going to cost you money.

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Don’t sell anything

This tip is short because it needs to be remembered. Students will often sell their items to fellow students on eBay and Amazon, and they think that they are being shrewd, in fact they do not realize they are losing money.

If you were to write an essay on economics, you may first take note of assets. Each item you own is an asset and has its place in saving you money. You may think that selling twenty of your DVDs may bring in some quick cash, however over the next year you are going to become bored. And, one of those DVDs may have helped stop you running out and buying other DVDs, or console games, or may have provided you and your partner with a cheap night in, instead of an expensive night out.

Only sell items if you are sure you can make a lot more than they are worth, and then repurchase them cheaply so that you may keep the profit.

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Keep your car well maintained

A lack of oil is the difference between yearly maintenance and having to buy a new car. The air in your tire will dictate how much fuel your car uses. Having your boot or car filled with items you do not need will cost you money in fuel. In Britain, a study proved that simply having a moustache will cost you $15 per year (based on the extra weight, and adjusted for current fuel prices).

Learn how to swap and borrow

Do it with people that you trust. The worst thing you can do is lend to a person who purposefully, or accidentally, forgets you have leant them something. Swapping console games and DVDs is a great way of saving money. As is lending and borrowing things such as video camera, professional cameras, cars and even space in a freezer.

Energy creation devices are too expensive

A solar-powered mobile phone battery charger may seem like a wise investment, but it is not. The cheap Chinese-made ones are only trickle chargers to keep the battery topped up (read the small print on the instructions). Any device that will charge your phone battery from dead, and then stop charging when it is full, is going to cost you a lot of money. Similar devices are equally as ineffective, such as phone and laptop chargers that use kinetic energy.

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Gather in groups

You will find that you do not need the pubs, cinemas, or other entertainment facilities if you gather in groups of friends. Many happy hours may be spent on the grass watching your team or just having a chat with friends. Many groups of happy teens have spent hours having a Jackass movie marathon and maybe having a drink every time the little fella comes on screen (he is the only reason those movies are watchable).

I hope these tips will be useful for you and you’ll be able to save some cash and learn how to spend your money and time wisely.

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Last Updated on August 15, 2018

30 Fun Things You Can Do This Summer Without Spending Much

30 Fun Things You Can Do This Summer Without Spending Much

Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

Video Summary

1. Visit a strawberry festival

Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

2. Have a picnic

Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

3. Camp in your back yard

    The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

    4. Take long walks

    Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

    5. Break a world record

    Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

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    6. Go on a bike ride

    The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

    7. Join a gym class

      The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

      8. Find a new hobby

      The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

      9. Join a sports team

      Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

      10. Make a slip ‘n slide

        Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

        11. Make a treasure hunt for your kids

        Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

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        12. Visit a free festival

        Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

        13. Visit the zoo

          Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

          14. Take a road trip

          Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

          15. Play ultimate frisbee in the park

            Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

            16. Make your own ice cream

            Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

            17. Invite your neighbors over for a BBQ

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              When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

              18. Get a summer job

              For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

              19. Attend a charity event

              Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

              20. Visit a national park

              National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

              21. Visit your local comedy club

                Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                22. Make your own hammock

                  Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

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                  23. Read in your new hammock

                  Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                  24. Watch a movie outside

                  Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                  25. Take a hike

                    Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                    26. Learn how to fly a kite

                    As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                    27. Work out at the park

                    American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                    28. Take your dog to the beach

                      One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                      29. Make a summer smoothie

                      Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                      30. Attend a free yoga session at the beach

                      No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

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