Are You Finding Student Life Expensive?
Embarking on the student journey often comes with the excitement of independence and new experiences, but it can also bring a stark realization: student life can be expensive. From tuition fees to living costs, managing finances becomes a crucial part of the university experience.
Why is it So Expensive?
Student life is just expensive. From the minute they sign the student loan agreement, the costs begin to add up. Does that stop students and student life? Absolutely not.
The Most Expensive Parts of Student Life
There are the obvious tuition fees. The average college tuition fee in the US is $10,388 for a public college and $38,185 for a private college. Then there are student loans that students don’t even think about, living costs, lifestyle costs, and more. Accommodation often eats up a significant portion of a student’s budget.
Then there are the unexpected expensive expenses, like textbooks. And if you want to maintain a social life, you’ll soon run out of money. Students must find ways to make it cheaper.
Making It Cheaper
You can make it cheaper by managing your money. Use apps that connect to your bank account to track to see how much you spend. And by spending, we mean spending on things you shouldn’t spend.
Or if you’re struggling, scholarships (not easy to get), grants, and part-time jobs will help. Yes, you can work and be a student.
Most universities will offer financial advice and support services to help students manage their budgets effectively. You can also think about utilizing student discounts, planning meals, or using meal delivery services (you can get an organic meal kit delivery or vegan) and more. There are tons of things you can do.
Do Students Waste Money?
Yes, students waste money. Be honest with yourselves! Well, everyone does; it’s not just students. You’ll find yourself doing it as an adult. It’s easy to fall into the trap of impulsive spending. Or just spending too much without realizing it.
Still, not all spending is wasteful. It’s good to invest money in experiences, joining clubs, and just living life. But make sure you have a limit – it sucks running out of money and not having anything to do.
The Unexpected Lessons
You’ll learn a lot of life lessons as a student. One of them is the unexpected financial lessons. The ones that come along just as your bank fills with money. In one swoop, you’re without a cent.
The worst thing is, you can prepare for the unexpected. It’s those elusive things called savings. Try saving some for the unexpected. We promise you won’t regret it.
Student life is super expensive; there’s no denying that. The statistics show it. And the thing is, most students don’t know they’re spending it. A takeaway here, a night out there, and new textbooks, and it all begins to add up. Shout out to the students also addicted to TikTok Shop.
So yes, student life can be expensive. Sometimes, you might be adding to that. Think about your spending and ways you can reduce it. Your phone can literally track it for you if you put the numbers in.