USC Credit Union Blog

USC Credit Union Blog

24 Ways to Save Money in College

Posted by Alexa on Aug 18, 2014 10:22:00 AM

Ever hear the phrase "starving student?" Well, it didn't come from nowhere (and certainly not a fat-cat). College students are notoriously broke, but it doesn't have to be that way. These 25 tips will put more (er, some) money in your pocket.

1. Make a Budget, Check It Twice

This is number one on our list for a reason. It's easy to let money fritter away. Thou Shalt Not Fritter. A nightclub cover charge here, a dinner out with friends there, a book you didn't know you had to buy for class thrown in the mix and suddenly all the money you have for the month vanishes in a cloud of shame.

Getting a basic idea of how much you're spending each month and where you can cut back is one of the most fundamental financial lessons you'll learn while in college. This worksheet will help you brainstorm your expenses while Mint.com can track your spending.

Read More

How To Trim $500 From Your Monthly Spending

Posted by Alexa on Aug 6, 2014 9:09:00 AM

Think about how much sooner you might be able to accomplish those big financial goals you've been dreaming about — buying a new car, saving up enough for a down payment on a house, or finally finishing that home improvement project — if you could just find another, say, $500 to spare in your budget each month.

We know what you're probably thinking: That sounds great in theory — but it's practically impossible to achieve. Well, that's exactly what 33-year-old psychotherapist and Ph.D. candidate Lanada Williams is striving to do.

Williams wants to save up to buy a house in Washington, D.C., to share with her partner and 6-year-old son. But the country's capitol tends to be an expensive place to live, so she's finding it difficult to put away enough every month to reach her goal.

Fortunately, even the best-built budgets typically have room for some improvement. A tip? Learn to pinpoint those improvable spots and then make small adjustments that don't feel disruptive. "No one starts training for a marathon by running 26 miles," explains David Blaylock, CFP® withLearnVest Planning Services. "So you need to set a goal you can work toward over time."

To prove it may be possible to free up extra cash on a tight budget, we asked Williams to share her monthly expenses with us, so Blaylock could help retool her priorities in order to work on saving more for the house of her dreams.

Read More

Welcome to our Blog!

We provide the tools to build a smart financial future.

At USC Credit Union we put financial success in your hands. It's your future. Own it.

Subscribe

Recent Posts

Topics

see all

Follow Us