College life brings in the life a student what a spring season brings to a year – vigour and energy. But you do not want this condition (image above) for you. Right?
Everyone reading this is either a college student or has been one. The latter are always the one preaching and harping on the fact about their experiences, especially the worst ones. It is a mystery of human mind that we always remember what distressed us and not the other way around. However, it is topic for some other day. This day and the blog is about the economics that revolves around the life of student.
It is perceived (mostly true) that students lead a frugal life. Myself being a student, I can say that 9 out 10 causes of our expenditure are on useless stuff, which is the prime reason for the affirmation of the perception. So, why not write a guidebook that can aid the neophytes to spend less or spend on useful stuff (like books, healthy food etc.). Therefore, I am making an attempt, but with a caveat that 90% would not follow it.
I would present the tips with a negative tone i.e. what not to do.
First Mistake – Be careful with your credit card. For a student it can be a tribulation if you miss on the discount monthly offers, especially if you are earning low.
Second Mistake – Worst case scenario is that you are caught napping while your first come, first serve basis, scholarships get over. Mind you, education is expensive, and we are not socialists.
Third Mistake – Enjoying with friends is the best part of college life. But, to be at the right place (pub, café etc.) at the right time (happy hours), you need talent. If you lack the ability to research, you are in for a grave “financial repression”.
Fourth Mistake – Just like studying on campus is sky-high, so is the books at your campus bookstore. Try to be observant and find out places where used books are easily available.
Fifth Mistake – A student needs to have basic idea of economic theories such concepts of “wants” and “needs”. With free scholarship, you can never know which of your wants has transformed into basic needs.
Sixth Mistake – Study or pay for doing your assignments. Do you know the charge for getting assignment done by professional experts? You better be aware of it and start focussing on your studies. In this regard, we can also help you with our guidance and tutoring.
I hope this blog was able to drive home my point of financial prudence by a university student.