College students need all the help they can get when it comes to saving money. Here are some tips that will help:
1. Go on a cash diet. Overspending is just like overeating. How this budget diet works: Take out an allotted amount of money for the week or month and only spend what’s been taken out. For example if the “entertainment”budget is $100 per month, then pull out $100 at the beginning of the month. Spend the cash wisely over the course of the month and once it’s spent, you are done. If you blow it all in one day, you can’t go back to the ATM to get more cash. The cash diet keeps you honest with your spending – you know exactly how much you have and there is no fighting math.