Top Student Saving Tips


  • Know where your money goes. It is important to know where you are spending your money. This will allow you to develop better spending habits.

  • Make a budget. Estimate your monthly income and expenses.

  • Live like a college student. The reality is you're a college student. So live like one - meaning don't spend money you don't have yet. Living like a student now and using student budgeting skills will place you in a better financial situation when you graduate.

  • Don't abuse credit cards. Only charge what you can truly afford to pay off each month and make sure it fits into your student budget. If you may be tempted to overuse, leave the credit card at home and take only the cash you can afford to spend.

  • Know that nothing's impossible. While it may seem impossible to save, try anyway, even if it's only $10 a week. Place the money in a student savings account that's not attached to your student checking account so it is not as easily accessible.

  • Keep it safe. Be sure to keep receipts, student loan documents and other financial statements. You never know when you will need to refer to these documents.

  • But do you need it? Don't buy on impulse. Wait a few days and see if you still need the item. If you do, then buy it. You will find in many cases you don't think twice about it which means you can in fact live without it.

  • Keep score. Make sure you pay your bills on time, every time. While this saving tip for students may seem obvious, paying on time is a big factor in having a good credit score.

  • Be a cheapskate. Many colleges offer lots of free or cheap activities on campus which will provide the opportunity to socialize without a lot of expense and little effect on your student budget.

  • Milk your student status. There are lots of places that will give you a discount for being a student. Look for places that offer student savings by showing your student I.D.

  • Earn extra cash. As long as you are able to manage your studies, a part time job is a great way to earn a little extra spending money.

  • Use the used. Look online or check with your campus book store for used text books for classes which can save you some dough. Selling back your used books at the end of the semester could score you some extra cash! Check online or with your campus bookstore for buy-back details.

  • Whatever your student budgeting needs include — from buying textbooks to saving for a semester abroad — Citizens Bank has you covered with convenient student savings options to help make the most out of your money.

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