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How to Save Money In College

**How to Save Money In College**



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This video covers the 6 tips for saving money in college. Whether you are in college now, or will be soon, it’s important to understand your personal finances and how you can optimize your savings and financial knowledge for after school. Learning how to save money in college now will be especially beneficial as you move through college and into your career.

Many college students struggle with not having enough money, overspending, and constantly feeling broke.

This video will give you a few ways you can make extra income, save money on school expenses, as well as book recommendations for personal finance.

Here is a brief overview of the 6 tips.

1. Set a budget

2. Find a part time job.

3. Avoid tempting credit card offers while in college.

4. Avoid new textbooks, and buying at your bookstore.

5. Learn the basics of financial literacy.

6. Understand your student loans.

Those were the 6 tips and make sure you stay to the end and get the bonus information we provide you on saving for retirement.
in this video I'm going to cover six tips on how you can save money while you're in college the first is to set a budget the most important part in establishing your spending plan is analyzing what your income will be per month whether it be money from your parents student loans or best yet a part-time job this should only take 20 to 30 minutes and you should do at the beginning of the semester or quarter your actual expenses might change a little for month-to-month but the most important part is that you have a general outline to follow you'll want to focus on how much you can spend on food entertainment transportation and books for the semester once you see everything together you can figure out what you can cut down on to save a certain amount if you are a freshman living in the dorms you will most likely be required to buy a dining hall meal plan and this will be creating your spending plan a little easier but one thing I watch out for is how much you go out to eat with friends because this will add up quickly when you enter into college you will finally be on your own and will be responsible for your own finances take this time in college when you have a limited income to build good habits now one great way to tackle all your spending is by using the free app and online service mint this is not a sponsored video or anything but rather something I personally used to keep track of my own finances tip number two is to find a part-time job a great way to improve your spending plan is by obtaining a part-time job while you're in college a part-time job will give you extra income to do fun things with friends go out to eat travel on the weekend eat healthier and more luxuriously than mac and cheese or Top Ramen one of the most convenient places to work at is your school on-campus jobs are perfect for students because these jobs are typically more flexible with your school schedule you can find on-campus jobs at your gym bookstore restaurants dining hall or grading for professors another option you might want to consider is becoming an RA or Resident Advisor for the doors of your school after your first year this is a great option for students looking to save money on room and board because most schools will give you free housing and exchange for being an RA which can easily save you ten thousand dollars for the year number three is to steer clear of tempting credit card offers by the banks on your campus although it is important to build credit if you're trying to finance a car or get an apartment waiting till you graduate college and having a monthly income is most likely the best decision for most students it's important to realize that credit cards are not free money whenever you spend on a credit card you will need to pay off at the end of the month the difference between a debit card and a credit card is that with a credit card you are billed at the end of the month for your spending whereas a debit card is linked to your checking account and the money comes out immediately if you use your credit cards and maybe buy a meal each month and you always pay it off then awesome you'll build credit and won't gather any fees or interest payments but many students go overboard since they don't have to pay the money back immediately tip number 4 is to not buy new textbooks and ideally don't buy it from a University's bookstore you should always rent buy used bar from a friend or find a free PDF version you can save hundreds of dollars each quarter or semester simply by renting or purchasing used textbooks which can add up to at least a thousand if not more in savings over the course of your college career just to show you an example I looked up a book called fundamentals of engineering thermodynamics a required book for mechanical engineering students at the University Bookstore I checked out it was $200 to buy used and 228 to buy new that same book sells used for 150 on Amazon and you can rent it on Amazon for $50 there's also Chegg which is a popular site to rent books a website I personally used with slug books comm all you do is type in the book you want to look up and it lists up a bunch of different websites and tells you the prices of the book at all of them and whether it's to rent it or to buy it in addition to buying used textbooks you should always wait to buy the book until you attend the first class session to see if you actually need the textbook first week of every quarter or semester is primarily used for taking attendance and going over the syllabus and with services like Amazon and Chegg they can get you a textbook in two days there's really no need to buy the textbook ahead of time unless the professor specifically tells you there will be homework due in the first week of the term lastly if you think you will very rarely need the textbook and don't want to rent or buy the book your library should have a couple copies on reserve however it is important to know that come midterms and finals week you and your classmates might be competing to check out the same book number five is to learn financial literacy begin investing in yourself and start learning the basics of financial literacy the best way to do this is through personal finance books and podcast reading for recreation is often a challenge during the school year because of the volume of reading assignments homework papers and labs so an alternative is listening to books on audible or listen to podcasts while you are walking in a class start educating yourself on the basic retirement accounts like an IRA and a 401k when I started my first job as an engineer the second day I just set up my 401k once I got to the page I needed it gave me options to invest in small cap stocks large cap stocks bond international equities and more and my boss as well as yours will not explain this to you it's all on you luckily there's often an option for you to set a year you will likely retire so for those starting out it might be a 40 year plan and they invest the money for you but if you have more experience in this then you can control where your investments go and I don't know about everyone else as an engineer no class I ever took taught me about investing stocks or bonds but luckily I taught myself a little about this before graduating if not I would have had no idea what any of these terms meant you should learn the difference between a Roth and a traditional IRA or 401k and possibly start investing when you come across some extra cash the most important part is you know the basics of financial literacy you are ready for when you graduate college three books that I found helpful and understanding the basics of personal finance include I will teach you to be rich the Total Money Makeover and money master the game just by reading these books you will pick up the basics and be prepared to be financially responsible for when you graduate college and last is to understand your student loans when planning your spending plan you want to look at how much money you will need for school one huge mistake students make is that they take out more student loans than they actually need unlike any other loan student loans stay with you forever until they are paid off you cannot declare bankruptcy on them and make them go away like you could a car loan it's important to look into which loans you qualify for know the interest rates and always know the principle balance you owe let's break this down if you have student loans at 7% interest per year and have to pay them off in 10 years here's what your monthly payments would look like and just remember how much your interest increases the total you'll pay over the 10 years so for example if you take out $40,000 in loans at 7% at the monthly payment over 10 years you'll pay fifty five thousand six hundred and eighty dollars that means you pay 39 percent more than what you took out seven percent didn't seem so bad but it's more than you probably think and look at this if you can manage to take out 30k instead and pay it off over ten years you'll pay a total of about $42,000 so look at that by taking out ten thousand dollars less than student loans you spend over thirteen thousand dollars less over the ten years so you see every scholarship every early payment taking that are a job for free room and board or renting the textbooks will seriously help to saving X amount on loans now really means you're saving more later on and just a disclaimer know that there are different types of loans out there and you will likely have many with different interest rates so make sure you know what applies to you in addition students should not take out more student loans than their projected first year annual income when you get to college is a good idea to go to your financial aid center at your school at least one to two times a year so you can stay up-to-date on information about your student loans grants you might be eligible for and scholarships if you are getting student loans you will need to apply for FAFSA every year and lastly it's important to know who your loan provider is what type of loans you're receiving and how much you are taking out every quarter or semester in conclusion it's crucial for students to implement good spending behaviors early no one is going to learn personal finance for you start with these financial tips and grow from here and as a final tip one thing that gets overlooked by young people because retirement feels so far away is that they don't start saving as soon as possible remember if you put $1,000 into a retirement account at 20 years old it will be worth around fifteen thousand dollars that retirement if the market does well doesn't seem like a lot but starting early allows that compounding interest to happen even faster this will be covered extensively in the personal finance books listed before but it is never too early to set aside money for your retirement we live in a time where retirement age is being pushed back and where social security pensions will be a thing of the past the simplest approach to personal finance and savings for retirement is using the 80/20 rule using 80% of your earnings on your bills and expenses then 10% for long term savings and 10% on yourself if you liked this video don't forget to Like and subscribe and I'll see you all next time you

FINANCES 101| How to Budget + Save Money // Millennial Edition

**FINANCES 101| How to Budget + Save Money // Millennial Edition**



View Time:15:58Minutes



How to SAVE and BUDGET Money 101 – Millennial Guide

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1. Budget / Savings
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hello everyone welcome back to my channel my name is nate if you're new welcome to our channel definitely subscribe and join our family thank you guys so much for watching this video first and foremost so today's video we are going to talk about finances and this is something that I think is extremely important especially for Millennials just because we aren't really taught about finances unless we're taught by our parents or like professors I want to share with you guys some tips and tricks that I've learned throughout my year so far I'm currently 23 so I have six tips to share with you guys all about finances let's go ahead and get started so the first tip that I have is to create a budget budgeting is something that is extremely important so that you know where the majority of your money is going what bills you have to pay and it helps you prioritize your life so some things that I have on my budget I'm going to read out loud to you guys I basically have like rent electric cable Wi-Fi gas groceries out to eat other some other things that you could throw in there it's like if you have a pet if you have a gym membership fashion traveling a car payment insurance school other random things like Netflix or Spotify this helps you look at what is set in stone and what can be played around with so I have this whole budget in my Google Drive and then I also have a section of income that comes in something that I do is I prioritize my budget so I make sure to put in what I want to be spending money on and what's more important to me and which ones can fluctuate a little bit so for example fashion I love buying clothes but that's not my main priority so I don't have a fashion section in my budget another thing that could be not a priority for you guys is rent some people like to live alone some people like to live with roommates some people want to just live with their parents which is totally fine so that you can save money and become more financially independent and focus your money and attention something that you are prioritizing another prioritizing thing would be if you're trying to start a business if you're saving for a house going out to eat my budget is monthly but you can look at it weekly so for example if you're going out to eat how much do you want to spend every week going out to eat you want to go out once twice three times a week realistically think how much you spend when you go out to eat for example let's say you spend thirty dollars when you go out to eat times up by four that's how much your monthly out to eat budget is gonna be the number-one thing about your budget is you don't always have to meet that goal just because you've budgeted four hundred dollars to go out to eat doesn't mean you have to spend $400 to go out to eat if you don't add up to your savings make sure that you're prioritizing what you want make sure you're giving it a realistic budget you don't want to put something that's too low and then you always go over because that's just gonna give you a negative look on money and you're gonna get stressed all that goes downhill so what I do is like let's say I just want to spend I don't know four dollars a month on groceries I'll just go ahead and bump that up by twenty to fifty dollars just so I have that little leverage once you do this for a couple of months you can kind of see where all of your money is going and you can tweak it every single month so if you've noticed that you've been going over $100 every time in groceries add a hundred to the grocery section and then decrease the hundred by something else this is all tweakable sometimes you might see you a pattern and want to change that for example if you go to Starbucks every single day and you see oh my god I'm spending this much money on Starbucks it'll make you want to cut that add that to some other topic of your budget or just your savings so I have a detection my actual versus like my budgeted section and then I have a section that is like the difference between the two and at the end it adds up to like how much I saved that month or how much I overspent you want to make sure that you're paying your bills things that are like a necessity that you have and you need to pay on time otherwise you'll have credit issues like rent an electric bill things like that your water bill you want to make sure that you're paying those the minute they come in those are the main priority so I have another section for work so I will add up all of my spent money and then all of the money that has been income for that month and I will find the difference and again it will they show how much I saved hearses how much I overspent every single month I will go through like my credit card and my debit card go through every single transaction and then I will write down how much I spent so as for like your work section you always want to make sure that you're having multiple sources of income that's kind of the goal the more sources of income you have the more leverage that you have if one fails or you no longer can rely on one of the and it comes for that month so that's kind of like your main priority but you also want to make sure that you are having one source of creative flow of income whether you're making income from it or not or whether you want it in the future something that you're working towards it's something that is like your goal you don't want to just have a full-time job and just be living paycheck to paycheck because you're bored in life you want to always have something that you're working towards so always add that into your income section whether you're making money or losing money from it always add it if you're not making anything you just put a zero there but you know that it's like humming because you're putting it in that section also if you're noticing that you're spending more money and you're not able to make those bills go lower realistically grab a part-time job like certain places like Starbucks students go there and they actually pay for their school so look up part-time jobs that have benefits do something but know that it's just there for you just for extra cash don't look at it as a negative part-time job if you really really hated that much and you don't like it get a different one another thing that you can do if you are a student put your job as like applying for scholarships there are so many different sources of income when it comes to school I'm Skyler ship wise internship wise and if you focus a certain amount of hours a day on looking for those sources of income like grants scholarships and stuff that can become a part-time job and that can be time spent forgetting things that you truly want rather than hard time job and just wasting your time there if you can find a better way to spend and prioritize your time to get more income for what you truly want that's something I suggest especially for students also you can get super creative when it comes to like little part-time job some part-time jobs they pay minimum wage and that's not realistic for a lot of people and for especially Millennials one thing that we have that a lot of other older people don't have is that we can use social media and week use it to our advantage so you can use it for yourself by creating social media platform for yourself but you can also use it for other people so there's an older person that doesn't really know much about social media and their business is kind of going down you can step up to the plate and become that social media person for them and help promote their company another thing you could do is babysit pets it house it clean mow people's lawns talk to your neighbors figure out what you can do I used to do that when I was in college I actually was on care comm and I ended up getting so many babysitting jobs and they paid way more than minimum wage plus I felt like I was part of their family plus they told their friends who told their friends and eventually I got so much it became like a business so definitely talk to other people and find other little sources of income through family and friends because odds are that's going to be way better than having like a minimum-wage job you want to make sure that you're investing in yourself and in your future spend your money wisely if you have a car payment for example that's not really where you want to be spending your money if you don't have other things that you're investing your money in when I think of like a nice car I think of it it's like a toy and rather than like that I need because cars depreciate the minute you buy them you're not making any money from them you want to make sure that you're putting your money into things that you are investing in yourself your future your business whatever it is make sure that you're spending money to make money not spending money and watching it just blow away don't spend it on stupid things like a car payment if you can't afford your rent or you know just things like that so the second topic is gonna be all about credit this is a super hard topic to talk about for a lot of people especially Millennials because we have lots of student debt and we tend to get ourselves and travel a little bit in the beginning and then it's all downhill from that but it's not I'm gonna tell you guys a little bit on how I got started didn't start my credit until kind of like when I was 16 or 17 when I got my car it was actually my dad's name so I wasn't billing any credit that way and I didn't have any credit so what I did is I went to a credit card company I think I was like chase and I kept getting denied because I didn't have credit and it was frustrating too because people who were like way in debt were getting approved for credit cards and I literally have no debt but no debt is just as bad as bad credit because I kept getting denied I ended up having to go to a credit union which I don't even know what the difference is but basically I got a credit card I think it was like for $1000 and I just used that for every purchase that I made but the number one thing that you want to do with credit cards and this is extremely important extremely important it's to pay in full them a month that it's due so example my credit cards do every fourth of the month and I actually pay it on the 1st of every month and I pay it in full I never ever pay less than what to do that could be a little bit difficult if you don't have the income for it but don't use the credit as leeway do not get credit and do not put credit on your credit card if you don't have the money to pay it off so once I build up my credit for about a year I went to chase and I ended up getting a credit card there and I've been using that chase card for as long as I can remember now and I use it for everything like I said I pay for it in full every single month make sure that when you're using your credit card – that you're using it and kind of keeping note of your budget in the back of your mind so that like if I went out to eat ok I know I spent $40 at this restaurant so that's kind of over my weekly budget of 30 so next time I know just kind of keep it in the back of your head every time you use it you also want to make sure that you are getting credit cards that do not have fees especially if you're new you want to make sure that you are getting one with no fees you do not want to pay for a credit card because that can just get you into trouble another thing is you really don't have to worry about interest fees if you're paying it every single month fully so that's something that I didn't even have to learn just because I pay it every single month you also want to make sure that you're paying cash for everything that you can realistically pay for you want to avoid interest as much as possible because that's just money that you're throwing away if you're buying big purchases like a bed or a desk or a TV it just gets it out that way so it's just a one-time payment and you're good if it's not something that you actually need and you're buying it and having to pay monthly for it and you're on some sort of plan there's no point in getting it because you don't even have the money to afford it now so I just think you shouldn't be buying it unless you have the money in the cash now you also want to make sure that you remember that your credit is forever so start it good and keep it that way if it starts bad or off to a rocky start build it back up you're young there's always a way up so make sure that you just know that you're gonna have this forever with you so make sure that you're treating it with care something else with my credit card now the one with Chase who are extremely amazing I actually get money back for every dollar I spend don't use that as like a tool to like just go spend but knowing that I use it all the time for all my transactions and then I'll pay it in full every single month so basically any time I'm ever low one month I can always go to my credit points and just add that so having credit points and like getting money back as something super important to me because it's just free money you also want to make sure that you check your credit once a year um I use Credit Karma if you check it more than once a year not good for it so make sure that you're only checking at once or twice a year make sure to double check everything make sure no one's stole my identity make sure there's no bills on there that I don't recognize or know and I actually had one month time where there was like a debt collector it was like some dentist or some doctor's appointment they never called me they never sent me anything but because I changed my mailing address I never got the bill so I immediately called them up and paid it helps with things like that because if I didn't see that that would have been on my credit so you just want to double-check and make sure that everything is good at once or twice a year and you will be good so the third thing that I have is don't be afraid to ask ask for a raise and most likely you will get a raise when you ask for a raise it shows confidence and it shows that you're strong willed it shows that you're invested in the company and you want to stay and you appreciate them and you know your worth and odds are they're gonna say yes and the worse that they can say is no so definitely don't be afraid to go out and ask for a raise or a bonus or maybe a promotion the fourth tip that I have is to be cheap but not stupid I know this sounds kind of mean but some people think of like buying super cheap things and it seems scam me and then they get themselves in trouble and then they have to deal with that situation then they get frustrated and they lose money from it if it sounds like a scam it's most likely a scam make sure that you're buying things from reputable companies like if you're buying electronics you want to make sure that you're buying them from Best Buy Amazon most of the times those bigger companies they price match so if it is like you find a different deal you can go up to them and ask them saying hey I found this laptop for this price on this website can you match it I've never spend a little bit more money on companies that are reliable than getting myself in a whole situation that can end up sealing my credit and things like that because odds are that easy way out is like kind of a scam if it seems like a scam and seems untrue and unreal it most likely is a scam I also find like really good deals I do a little bit of research and I find like deals on it so that's just something when I say like be cheap just know where you're spending your money and spend your money wisely fifth tip that I have is quality over quantity you want to make sure especially when you're buying things for your home or for yourself you want to make sure that you're buying quality products rather than quantity I'm having a lot of like really cheap things is not the best less is more when it comes to everything when you buy one good quality product and you spend a little bit more on the product you'll have it for a longer period of time if you buy a lesser quality product you'll have to end up buying it more and more and you end up paying more in the long run the sixth tip that I have is to create financial independence for yourself you want to make sure that after everything you're not relying on parents partners and sources of income that are you want to make sure that you are financially independent if anything your parents cut ties your partner divorces you whatever it is you want to make sure that you are financially independent so you don't have that stress and worry over other people controlling your financial freedom independence a super key and growing as a person and also becoming comfortable with money you want to make sure that you're understanding money coming financially independent is super important to yourself and just protecting yourself overall the seventh and last tip before my battery dies I'm trying so hard to talk so fast is health as well a lot of people eat really crappy food they drink a lot they do drugs they don't take care of their health and in the long term will be detrimental to your wallet health issues especially in America are super expensive you wanna make sure that you're eating organic food working out going to the dentist just keep up on your health and know that whenever you're working on now is good for the long term when you take care of yourself now it's going to become a habit and you won't have to deal with all the bills and stuff that comes with unhealthy habits you want to think long term it could be physical and mental you want to make sure that you're taking care of your mental health just as much as you're taking care of your physical health this is a super long video thank you so much if you've stuck to the end definitely give this video a thumbs up if you liked it if you guys have any other questions for me please please ask I will answer every question that I can see you guys all in another video soon bye guys time to go charge my battery you

Top 10 Money-Saving Tricks For Students You Wish You'd Known Sooner

**Top 10 Money-Saving Tricks For Students You Wish You'd Known Sooner**



View Time:9:18Minutes



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Being a student is tough! Being on a student budget isn’t easy but thankfully there’s some great money saving tips out there to save you some big bucks. Don’t be shy to apply for scholarships even those you don’t think you’d get it. You have nothing to lose! Try and eat out less and pack your lunch instead. It might seem like it won’t make a difference but it all adds up!

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as a Weisinger once said you don't need dollar bills to have fun tonight I don't know my parents are out of town so I was thinking about having like a party welcome to Ms mojo and today we'll be counting down our picks for the top 10 money-saving tricks for students before we begin we publish new videos every day so be sure to subscribe for more great content for this list we're looking at some of the best tips tricks and strategies to manage your funds and minimize debt while you're still in school number 10 apply for scholarships I finally found out something that I can get from working hard besides just the good feeling of working hard you know as the old adage goes you don't know if you never try unless you're a straight-a student with a long list of extracurriculars and volunteering to your name scholarships and bursaries often feel like a lost cause with so many eligible candidates you'll surely get lost in the shuffle right not necessarily Robinson is going to go to someone who dazzles there are many scholarships out there with a wide variety of specific focuses whether you're academically artistically or athletically inclined or have a strangely specific talent there's likely a scholarship out there for you you need to really explain to us what makes you special also make sure to look into local and regional scholarships as they're often less well publicized and can therefore be less competitive number 9 take advantage of student activities so are you interested sorry it just it's pretty lame excuse me cultivating a social life can come with a hefty price tag in university if you're in a city with a vibrant nightlife or a popular bar scene then you might find yourself blowing through your budget way faster than you'd like thankfully the many student groups on campus will have you covered the various student associations unions and clubs typically organize a wide assortment of activities throughout the school year from live music and movie screenings to parties and sporting if the nice way to let off steam just to be somewhere on your own sometimes I bring a friend to show them you know that you could be doing this as well typically the price of this on-campus entertainment will run anywhere from free to extremely affordable so why not stay in and mingle with your fellow students because they're exclusive and fun and they lead to a better life number eight do clothing swaps no one wants to head out to campus events wearing the same old outfit as much as we try to diminish the importance of appearances and emphasize personality over style people enjoy looking good and sometimes that means changing up your style you're now part of a massive community of similarly aged and like-minded individuals so I pay retail prices when you can shop among your peers clothing swaps have become an increasingly popular campus event where students can mingle and get rid of the clothes they've grown tired of in exchange for something new or at least new to them I'm doing a college pose it's like I don't know if you are you might just be doing hey prof okay that test was number seven just stay in granted this can't be your solution every night but by entertaining yourself at home a few evenings a week you can save big in theory it's not hard to stay in but many people struggle to break free of the mentality that having fun only happens when you go out your home be in an apartment a room at your parents or even a dorm room can be plenty of fun if you change your relationship with the space binge watching Netflix or YouTube is an obvious choice but that can get a little stale why not have a few friends over to play board games or if you feel like getting your party on try some drinking games but damn number six borrow from the library Internet on campus might be restricted capped or just plain slow though streaming may be the modern method of media consumption when you're at university you may find yourself needing to consider some outdated technology like DVDs or blu-rays scoff all you want but there's something fun and nostalgic about picking up a DVD with friends and committing to it rather than going to the movies hit up the campus library and peruse woods likely to be a sizeable DVD collection it's like living next to a video store only free some libraries even carry board games comics and more so shut off your laptop and get ready to embrace free entertainment if you'd like to learn more about war there's lots of books in your local library many of them with cool gory pictures number 5 claim free furniture left behind found some candy in the couch even if you're lucky enough to have a dorm stocked with furniture it's unlikely to be a comfortable set up considering you'll be calling this place home you'll want to make the space your own using fun furnishings with personality unfortunately you'll probably be working with extremely limited room some of which you might be sharing with strangers so it doesn't make sense to invest in expensive furnishings Plus no one wants to lug old furniture home after graduation so as tempting as it is don't waste good money on new pieces here we go outgoing students tend to leave a lot of furniture behind so try to stake your claim on things before they hit the curb or take some time to browse free stuff on Craigslist number 4 use your student discount at Apple a student ID or acceptance letter will get you $200 off your purchase that school ID card you get comes with more perks than just getting through school security as a student you're part of a coveted demographic that businesses want to attract both locally and online by having special offers and student pricing and while a 10 to 15% discount doesn't sound like a lot at first spread out over the course of your undergrad and across the various businesses and services it applies to that's going to amount to some serious savings choices are so small you can barely see them most places won't go out of their way to give you the discount though so it's up to you to inquire about a possible price cut number 3 make a budget essentially student debt is like HPV if you go to college you're almost certainly going to get it we know you're sick of hearing it from your parents and older siblings but it bears repeating if you're gonna get through university without a choir and crippling debt you've got to set yourself a budget and stick to it even if you consider yourself to be a generally frugal person spending without a plan can result in financial problems that you won't see coming until it's too late a weekly bus pass costs 14 points 10 that's around 2 pounds a day any more than I want to be spending so I'm thinking of getting a bike thankfully there are countless free resources online designed specifically to help students create realistic functional budgets to keep their financial lives in order ask around your University may even offer free tools or workshops number two pack a lunch and snacks a big portion of that after mentioned budget is going to need to be allocated to food if you lived at home until university chances are you've never had to buy groceries for yourself and the cost may come as a bit of a shock but failing to get a handle on it early can ruin you if on the other hand you make a meal plan and stick to it then you can eat well without breaking the bank there's one caveat though you have to avoid eating out buying food between classes can add up fast so packing your meals and afternoon snacks is paramount to your success point give us some your tots don't go find your own come on give some your tots no freaking started and get eat anything today before we unveil our top pick here are a few honorable mentions hey guys listen I I really don't want to be the bad guy but you know it is quiet hours and you really shouldn't be talking in the hall I'm Broderick and I am the coupon kid my coupons weigh a total of 64 pounds number one borrow textbooks instead of buying them you can also rent many of the titles for the same semester for a discount and turn them in after finals the textbook system and university may not be a scam but it's not always money well spent either dropping hundreds of dollars a semester on books you might use for a few months doesn't seem right especially when the bookstore buyback rates are typically low unlike sell back programs book renting is guaranteed you can't always sell them back so that connect gets upsetting because you never know what to do with things you can't use them anymore thankfully your campus library is there for you as you're willing to plan your study sessions early it can be as simple as going to the library pulling out the reserve copy of the textbook and photocopying the pages you need for that week sure it takes a little more time and organization but it'll save you a fortune in the long run do you agree with our picks check out these other great clips from ms mojo and subscribe for new 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You CAN Afford to Study Abroad! (Budgeting, Traveling, and more)

**You CAN Afford to Study Abroad! (Budgeting, Traveling, and more)**



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description of this video bc that’s what this box is really for: Today I’m answering more questions about how to afford to study abroad, how to budget, and other tough possible obstacles. But most important I’m here to emphasize that you MUST study abroad if you have the chance! you will not regret it! Through scholarships, loans, or maybe a credit card, you can do it!!! I am currently in France and I love it so much. –

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hi guys I am back shake it so damn much for all the feedback on my last video I was so happy posting it and then I was even happier reading all your frickin comments because you guys are just so nice in case you didn't watch my last video I'm just very very happy to be here studying abroad and being here now as in this day in this life and I mentioned that I wanted to make a video about studying abroad obviously I've made a lot of videos about studying abroad but today's video I'm here to convince you in case there is any inkling inside you to want to study abroad at some point I'm trying to convince you that you have to do it you have to figure it out no matter what there may be obstacles there may be difficult questions with things to figure out but you have to do it so I have you guys send me some questions to Instagram this video is going to be very general stuff mostly about budgeting how to afford it yada yada and I actually made a 20 minute video on my vlog channel which will be linked in the description of course and I go into my personal experience so far how Princeton has the language bins and lots of other things so make sure you go watch that video and subscribe to my vlog Channel let's get into it when is the best time to study abroad I think the most common time is your junior year but I'm a sophomore is my second semester some people study abroad as a senior so it depends the most important thing to do is obviously to make sure you're planning well and that you're going to take all the classes that you need to graduate in time so start looking early as soon as you are interested if your freshman start looking right away and then you have a lot more control over where is owned what kind of courses you take and you know make sure that those fill up the required classes that you're going to need my girl Claire is asking how much does this stuff really cost are there good scholarships so this is what the bulk of this video is going to be about because I'm sure that most people want to study abroad but obviously the financial aspects are a huge obstacle so your girl Tiffany here I'm not a well-off bitch I don't have a lot of extra money at all I am getting a lot of financial aid but I'm also taking out a lot of loans to get through school and I'm sure that a lot of you guys are in similar situations basically there are so many different kinds of programs and organizations that you can work with that will work with your financial needs so for me my priority was I need this to be affordable I don't have extra money to just drop so I picked I set I set up exchange because the way that this works is I pay the exact same thing as if I were going to my school to semester still and living on campus and eating the meal plan that is how I paid for it therefore all of my financial aids from the school and federally and from the state and whatever still applies so it's the exact same cost as a usual semester on campus would be for me so a program like that was great for me because I needed all those financial aid things to still be usable some programs you can't use your financial aid for but it may be cheaper or a better scenario for you because you can pay for it in different ways and then of course there are study abroad specific scholarships private ones your school may offer different ones the thing is all the girls that I know who are Americans using Isis the same program as me we are all paying completely different cost to be here in the same program in France so because we're all doing the exchange program we're just paying exactly what we paid at our home school so I would recommend that for anybody because if you can afford if you're currently affording to go to your University at home you can afford to study abroad the only difference may be if you live at home and commute so you're not paying for those living expenses currently but you would have to pay for those living expenses while you're abroad but once again that's the time to consider any loans or scholarships I would recommend for Pell Grant recipients which is a low income federal grants which I receive apply for the Gilman scholarship which is a specific study abroad scholarships I applied for it and didn't get it which sucks because I really could have used money but I think it gives you up to five thousand dollars for a semester and less for shorter more for longer whatever the thing about the Gillman which is probably why I didn't get it is that it tries to get underrepresented people to be able to study abroad such as underrepresented majors like stem majors who traditionally don't study abroad as much as other majors or non-traditional locations they consider Western Europe such as France to be a more traditional location to study abroad so the combination of my major and the fact that I came here to France is probably why I didn't get that scholarship but anyway it's worth applying to either way you write a couple essays you can work with your school study abroad advisor and if you get that scholarship that can help you out a ton I don't want to talk about this for ten years but basically go to your Study Abroad Office talk to them tell them what your needs are and they can tell you what partnerships they have what scholarships they have what organizations the school works with and you can figure it out and then the second part of clear question was about credits to make sure that you are semester abroad is productive and that you're taking classes that will actually help toward your major or your degree this requires some planning sometimes people can study abroad and fulfill like elective requirements or like humanities types of things and it may be more difficult to fulfill those major requirements while spinning bribes but it is possible so once again you just have to do a ton of research look at a ton of different programs look at specific schools and what they offer to students like you because there's so many possibilities next question I'm doing a year and I was wondering if you would recommend working well abroad because I'll have zero sources of income which is terrifying yes if I were studying for a year I would be working somehow for my visa process there was like one separate thing of paperwork that I would have had to do to get the visa to where I could work so once again look into your visa application process look into your countries you know foreign students rules and laws because you could easily get a job save me like I could have gotten a job I don't know tutoring people in English yeah I think if it's possible and if the thought of having zero income scares you which it would scare me to you know look into it and it's definitely definitely possible to find a job also I have so much spare time specialist I wasn't doing YouTube and YouTube is my income right now my only income if I weren't doing YouTube I would have lots of hours free and way less money so yes I would say try to work if you want to okay now we're getting into budgeting questions outside of tuition how much money would you need to survive is it hard to budget while you're studying abroad I actually think that it's not that expensive also this totally depends on where you're going because the currency between US dollars or wherever you're coming from and wherever you're going is going to make a difference right now the euro is a little bit stronger than the dollar so it has a little bit of an impact for me basically it depends what your lifestyle is if at home you're very frugal and good with your money you'll probably be the same while you're studying abroad maybe you'll splurge a little bit more here and there on food or souvenirs or something but basically it's the same as your life at college at home you're going to have to buy groceries you're going to go out and buy food and drinks you're going to want to go shopping sometimes so it's really not that much more expensive probably where the big expenses come in are traveling which you'll probably do but I'll talk about that in a second as far as like having the like dedication and motivation to your budget that's all up to you next question veganism in Europe I actually talked about this in my personal video so make sure you watch that one I don't have time to explain it right now how much did I save before going and good credit cards for traveling as a student so this is huge saving up money before you study abroad or and or credit cards personally I already had so many expenses in these past few semesters that I didn't have the chance to like save up money but I do know some people who just worked a ton like last semester and saved up a few thousand dollars to bring which is really nice because then you just have spending money some people have parents who are going to send them with a couple thousand dollars or just give them money whenever they need it obviously this is personal if you are able to save up money and that's what you want to do then I would recommend saving as much as you can but credit cards are how I'm surviving I had to take out some extra loans to cover the extra cost for my like dorm and meal plan back home to do my exchange stuff and then I got a little stipend of 1200 euros from my program so that's kind of what I've been using day-to-day I have a French bank account so I just used my little debit card for that and then I also have a it's a Southwest swipes rewards credit card but the good thing is that it has a zero foreign transaction fees thing so if you do have a credit card that you're planning on using abroad make sure you get one that has no fees because every time you use a credit card abroad usually there is a foreign transaction fee so get a card that doesn't have those so that you can save money a lot of people are scared of credit cards but I think especially especially in like studying abroad for a short amount of time like one semester I think it's worth it to you know build up maybe a little bit of a balance but then you know you'll be able to pay it back when you get home and otherwise you might not have any money so I don't know I would say this is the time this is the time that a credit card comes in handy you're obviously going to absolutely pay the bill minimum or whatever but it's all up to you giving financial advice is hard because everybody has their own situation ok and the last thing I want to talk about is traveling chiefly weekend trip navigating transportation system this is probably the most exciting part of studying abroad I love where I'm at because there are so many cool cities within a short distance personally I've been using a company called slick but there are tons of really good cheap bus companies and it's like a it's like a tour bus kind of so not like a public bus but like a whatever they don't have these in the United States I don't think but say for click but they have somet like you can go anywhere in like Western or Central Europe Cieslik bus and it's very cheap like I'm talking anywhere from like 10 to like 20 30 euros for a trip that could be like an hour two hours three hours eight hours you know so I definitely recommend trying to travel by bus whenever possible trains are pretty expensive so I wouldn't commend that at least in Europe and then for like most of your traveling flights or course sometimes chief if you check sites like Ryanair that are what study abroad students always recommend you can find pretty cheap flights like it's cheap is like 20 or 30 euros which is amazing but obviously then you have to get to the airport and there may be additional cost for catching bags if you need to so yeah basically buses are my big tip and then also course hostels check out hostel WorldCom that's where you can you can read tons of reviews about different hospitals in a city and plan a trip and buy your stuff your bed in the hostel or whatever I still only stayed in one hostel which was in Barcelona for two nights but also I'm a huge fan of Airbnb I absolutely love Airbnb so you can either find like just a couch to sleep on or a private bedroom or an entire apartment and you can split that cost with some friends or just go along you know there are so many different ways to plan a trip but weekend trips are definitely really fun and yeah when you're traveling with people stay in one place together and then you can end up spending like 20 euros a night or something to stay in like a nice comfortable safe place I'm going to put my Airbnb link in the description give me some free credits I'm pretty sure if you sign up with my link you'll get some kind of something so if you've never joined Airbnb before I would definitely recommend that and book a trip dude I love Airbnb it's great do you recommend going to a country where you are fully dominant in the language or challenging yourself and potentially failing the semester and going to a country where you speak kind of an intermediate level of the language this is something that I'm interested in because obviously I'm here in France for French my experience is very different than people who are studying in a country where they speak their native language of course it's your personal choice but I would recommend anybody who's still studying any kind of language even yea if you're like a beginner intermediate Spanish French whatever speaker I would definitely recommend studying abroad and at least being able to take a French or Spanish or whatever language class while you're there but really this experience of being in the country of the language that I'm studying is in so I would recommend that to anybody it's worth the work because you're going to get so much more out of it then you could possibly get studying the language at home okay now that I've talked for forever that's all for now I hope that this helped you and if you have any more questions please ask me any time basically I want to emphasize again if you're considering studying abroad please do it you will not regret it you can figure out the finances I think it's worth it take out some loans or you know build up a little balance on a credit card to have like the best semester of your life you know so thank you guys for watching so much I'm going to go watch that second video on the glog channel giving side