College Piggy Bank: Saving Your Future

Ten dollars for a ticket to the movies, four dollars for popcorn, two dollars for a drink, six dollars for gas… that adds up to twenty-two dollars, just to go see a movie! Just think - you can rent a DVD for only one dollar, which surely beats twenty-two dollars just to see it in theatres. It’s really easy to fall into the trap of over-spending if you don’t watch your spending habits closely. Those twenty-something dollars used to watch a movie every week can be put to other, more long-lasting things like your education and your future.

A good habit to develop while you’re young is to become a saver, not a spender because college can be really expensive. Although I have saved a good bit of money, it is but a mere dent for what college will cost. In my own college search, I discovered that the average spent at a 4-year college is $9000 a year, almost $3,000 a year for 2-year colleges, and over $35,000 a year for a private 4-year college, and that’s not including books, room and board, and other aspects of college life!! Being a senior in high school, I am quickly running out of time to save, but there are still lots of ways to help me save now and also while I’m in college.

There are many last-minute things one can do to save for college. For example, buying used books or borrowing books can save you a ton of money. Create a spending plan at the beginning of each month and write a list of your income and expenses to help you figure out where your money goes. Use this information to see how you can budget your money in a way to save for those freshman expenses.  It’s always a good idea to keep at least 10-20% of your income in savings in case of unexpected emergencies. Use all your available resources. Talk to teachers, friends, parents, and guidance counselors to find out what their advice is on saving money for college. Finally, take advantage of scholarships and federal aid.

There’s a ton of stuff out there to help. By researching, I have created a spending plan to help me learn how to spend money wisely now while in high school. I hope to carry this important skill with me to college. It just takes some sacrificing and self-control. After all, a movie lasts for ninety minutes, but an education lasts for a lifetime!

Student Editor: 


I think i's really important

I think i's really important to think about your finance condition from the college!