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Posted April 09, 2015 by

Saving on Schooling: Slick Tips to Stick to a Budget in College

Chalkboard with "Budget" written on it.

Chalkboard with “Budget” written on it. Photo courtesy of Shutterstock.

Who has the time and energy to work, earn money, and study while attending college? Here are some slick tips to help you stick to a budget in college and give you a leg up when it comes to figuring out first time finances.

Write a Budget
You listed expenses and income, set priorities in case funds run short, and allocated an amount to each item, right? If not, do this today. Use free, online budget software and worksheets you can download, or make your own.
Account for expenses students often overlook:
Tithing and charitable contributions.
Auto maintenance and repair.
Savings – List as an expense each pay period. Use only for planned purchases like books or travel home.
Gifts, cards – Don’t be robbed of the joy of giving.
Emergency savings – Covers out-of-pocket expenses like ER co-pays, major car repairs, or a lawyer should you need help fighting traffic tickets, for example, but not that college students are ever in a hurry, of course.
Fun money – a set amount to spend as you please. (more…)