There are so
many things that an incoming college student needs, and with the cost of
college tuition, there isn’t a lot leftover for much else. Whether you are the
one having to buy these items, or your parents, setting up a budget is
important.
Living expenses
Whether you
are in a dorm, apartment, or renting a house, don’t forget about the extra
costs like phone, cable, internet, and other utilities. Determine what is a
necessity and what you can skip. It’s also important to consider renter’s
insurance to cover your belongings in case anything would happen.
Food
Many adults
have fond memories of ramen noodles and soup from their college years. Develop
a budget for eating out and groceries and stick to it. It’s important to
maintain a balanced, healthy diet so you don’t neglect your health just to save
a few bucks; cut back on eating out instead.
Books
The first
visit to the book store can be the most shocking event for a college student.
Text books are expensive! Planning is key in this area. Most classes release
book requirements ahead of time; use this to your advantage and find the best
deals online (and don’t be afraid to buy used).
Computer
It’s not a
question of if you need a computer for college; it’s what kind will work best
for your major. If you have an idea of what your major will be, check with the
department for their technology requirements before purchasing a computer. That
way you won’t be buying a new computer the following year.
Entertainment
College
should be an enjoyable experience, and you should budget for entertainment
expenses. However, this is the category that, if you are struggling with cash
for the month, you should cut back on. Hanging out with friends can be just as
fun as going out, so be creative.