Ways to Save Money Between High School and College

Most people graduate high school in May and go to school in August. That summer is a perfect time for perfecting your finances. It’ll mean you can set your finances on autopilot so you won’t have to be worrying about things so much while in school.

 

The first thing you want to do is make sure your scholarships are all sorted. Try to avoid taking out private loans if they begin accruing interest right away. That’s scary because you won’t be making a decent income while in school. Opt for federal student loans that have a grace period. Having a grace period means you don’t have to pay interest right away on loans to acquire. Furthermore, you will have 6 or 9 months where you don’t need to pay interest either. The idea is you will have time after school to get your life sorted before you have to start repayment.

 

For the biggest bang for your buck, get a summer job. Saving money is well and all but making money is how you’ll really get ahead of the game. Find a job that pays well and will look good on your resume. Make sure you enjoy the job as well. You’ll work harder and just enjoy life more. And isn’t that what life is all about?

 

Something else that’s on the horizon is moving. You want to know how to make packing boxes easier? Having fewer of them. One way to make your life easier and get money is by selling all the possessions you won’t want moving forward. Sell them also because your parents will appreciate not having them clutter up the house. You’ll have to do this sooner or later so you may as well do it before leaving for college. I prefer using Craigslist and eBay. Big items on Craigslist, specialty items on eBay.

 

Going back to saving money, you can save money by asking your parents to give you a budget for things instead of just outright buying you stuff your your dorm, etc. This way you can be a savvy shopper and pocket a little of the money. Tell your parents this so they know what you plan to do. Most parents will be proud.

 

Another way to save money between high school and college is to ask your relatives for any hand-me-downs that would work in your dorm. These can be things like older televisions, futons, etc. Anything that may keep you from having to buy the things on your own. Many people are happy to give you stuff just to get rid of it.

 

You can continue to save money by connecting with your upcoming roommate. Living with a roommate saves you lots of money. So you should aim to have a roommate at least until you’re out of college. By connecting with your first year roommate early enough, you’ll be able to tell if they are a good fit. You want them to be a good fit so you have a good experience. Then you won’t be scared of having future roommates. If you don’t seem to mesh, ask the housing department if you can get a new roommate. All it may take is a phone call.
Enjoy saving and enjoy college!

Join our newsletter

If you like Critical Financial, subscribe and get our latest content via email.

Powered by ConvertKit

Share this post:

Recent Posts

Leave a Comment

*

May the 4th Be with You: Star Wars Swag on Amazon

May the 4th Be With You: Star Wars Day Swag

It began as the punniest holiday ever but quickly grew into an earnest (if somewhat random) celebration of the long-running (and still... more →
People count the money to buy a house in future success.

Avoiding Mortgage Scams: Don’t Fall for Unreasonable Promises

If it sounds too good to be true, it probably is. That’s sound advice for almost all aspects of life, including the search for... more →
Eat for free for a whole month via the meal kit companies discounts for new customers.

How To Get a Month of Free Food: 9 Meal Kit Companies Offering Discounts to New Customers

Play your cards right and you might be able to line up a month’s worth of free meals if you were to try out all nine of the meal... more →
Generate extra cashflow -- here are 97 ways.

96 Awesome Ways to Generate Extra Cashflow

Who doesn’t want more money nowadays? We’ve got you covered on that front. Here comes a long list of different ideas on... more →
Valentine's Day gifts that won't destroy your budget

Valentine’s Day Crafts Are Romantic Rescue from Crazy Inflation

Fall for the hype this week and you’re out an average of $143.56 for Valentine’s Day. Crafts and other do-it-yourself tactics... more →

Ultimate Guide to Bitcoin — FREE Ebook!

Have we got something for you: a free ebook about bitcoin! more →
Get a flu vaccine.

Why You Need To Get a Flu Vaccine Right Now

Flu vaccines aren’t just for the elderly  anymore. Here are 25 reasons you should go get vaccinated. more →
Financially successful

Acquire the Trait All Financially Successful People Have

Financially successful people tend to all have a lot of self-discipline. Improving your discipline in one area of your life often spills... more →

What’s the Best Free Recipe App?

The Apple Store and Google Play together offer more digital cookbooks than you probably have room for on your mobile device. So which... more →
New tax law might slow down housing market.

What Will the New Tax Law Do to the Housing Market?

The new tax law will have a profound impact on the housing market, although in ways that go beyond the deductibility of mortgage interest... more →

4 in 5 Households Will Get a Tax Cut in 2018

Four out of five U.S. households will get a tax cut as a result of the legislation that President Donald Trump signed into law today. more →
Will bitcoin reach $100,000?

When Will Bitcoin Reach $100,000?

Bitcoin has accelerated its pace of appreciation in recent months, and if the current levels between $15,000 and $19,000 make you itch... more →
The Dow Jones topped 24,000 -- now what?

The Dow Jones Crossed the 24,000 Threshold. Now What?

Stocks appear to be increasing in volatility, yet the markets closed on Monday, December 4 with the Dow Jones Industrial Average is... more →
Peer mortgage

Should You Get a Peer-to-Peer Mortgage?

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. more →
Investment gifting is awesome.

4 Things To Know Before You Donate an Investment

While donations of any kind are appreciated, gifting investments benefits both the giver and the receiver. Here are four key things... more →
Are you wondering: What's the Relationship Between the Stock Market and Federal Debt?

What’s the Relationship Between the Stock Market and Federal Debt?

Wouldn’t it be wonderful if gains in the stock market could actually reduce U.S. government indebtedness? If that were true,... more →
Raising The Minimum Wage, effects to the business

Raising The Minimum Wage | Critical Effects On Businesses

In case you missed the State of The Union Address on Tuesday, like I intentionally did, you may have missed the mention of raising... more →