It can seem pretty discouraging when you look around and see your non-college-educated peers riding around in their Hondas, and you are using public transportation to get around. They have full-time jobs, and you have full-time studies. They have money for dating and dining out whereas, you have money for research and dining in. Whatever you do, stay focused. The average college graduate earns $20,000 more annually than their non-degree-holding peers. They also earn $2 million over their working lifetime, which is $1 million, more than their non-college educated peers.
In the end, you will probably skip past the Hyundai, and go straight to the Acura. Patience is always the key to success. Sacrifice and self-discipline are extremely important components of successful people. Most college graduates have these attributes.
Here are a few tips for survival on such a limited budget. Team up with other students and buy in large quantities. Grocery items are usually cheaper when purchased in bulk, as opposed to individually. Individually priced items tend to have substantial markups. It would also be a good idea to join a wholesale supplier club. You can split bulk items with other students for great savings. This is also a great way to save on snacks. Vending machine markups are usually pretty high.
Additional items commonly needed by college students that can be purchased in bulk are as follows:
Over- the-counter medicine
The following are additional tips for saving money:
1. Download music from the Internet. You can legally access unlimited music by paying a flat monthly rate. Just don’t resell the music or you might end up in jail.
2. Borrow movies from the library for free.
3. Download your greeting cards from the Internet. Otherwise, you may find yourself paying up to $7.00 per card.
4. Stock up on samples. You can get them dirt cheap or free at cosmetic counters, doctors’ offices, and drug stores.
5. Shop at eBay.
6. Shop in January. Everything is cheap because people are tired of shopping.
7. Do not hesitate to barter your services. Exchange your typing services for a classmate’s books.
8. Use your student ID indiscriminately. You can literally get a student discount on just about everything imaginable.
9. When traveling outdoors, consider investing in a tent, and go camping instead of paying for a cabin or a hotel room.
10. Stop buying your favorite magazine at the grocery store. You can save up to 75 percent off newsstand prices with a subscription.
11. Buy generic items.
12. Only use credit cards with less than 8% interest rates. Remember, debt can be just about impossible to get out of once you get it started.
If you find yourself having to get a full-time job due to lack of finances, consider taking online classes or attending college on weekends. Many colleges offer a prescribed schedule of courses that will help you earn your degree in a specific number of years. In some cases, you can also take day or evening classes to speed up the process.
Catch the bus or walk to school. It is a lot cheaper than the gas you need for driving your car or the dollars you need for grabbing a taxi. Don’t forget to study those index cards while you are riding on the bus or the subway.
Save on communication expenses by e-mailing, text messaging, or instant messaging your friends. Phone bills, especially, cell phone bills can be very costly. It would also be a good idea to invest in an internet video-recording device so your loved ones can see you when you communicate with them via the web, and vice versa.
Save on faxing and printing costs by e-mailing and printing your own documents. Technology will enable you to edit, spell check, and do research on your own. Keep the money in your pocket instead of hiring others to do the job.
You can also consider a college that waives tuition in exchange for work. With a little research, you will be surprised at the number of colleges that are willing to “barter” their educational services.