Establish a budget prior to your first college semester. Whether living on- or off-campus, make certain to map out probable spending. Living on-campus requires basic room and board. If living off-campus, the overall cost of living may increase, due to furniture purchases, utilities, cable, Internet and other bills not necessarily included in basic rent. Once you decide on living options, map out a budget to include all your needs. Events arise throughout the college years, but you can always spruce up a room as the year goes on.
Share financial responsibilities whenever possible. Seek out a roommate, if possible, to alleviate the burden. If living at home with family, this may prove impossible, though living at home may also relieve financial weight. For students living on-campus or in their own apartment, a roommate not only provides company, but financial assistance as well. When seeking a roommate, exercise caution. On-campus issues with a roommate receive awareness and attention from a resident assistant, but off-campus issues may prove more difficult to resolve. Make certain that your roommate not only provides a sense of fun, but also a level of financial assurance.
Utilize pre-packaged offerings. For students living at home, dining and general housing issues may not cause concern. But students living on-campus generally receive a packaged deal when choosing their residence. A meal plan can lessen the financial stress of the regular purchasing of food. Visit the dorm's lounge, and use the computer center provided on campus, instead of buying your own in-room technology. While you may miss out on a favorite show or experience some inconvenience, the financial savings could overshadow any temporary issues.
Investigate employment opportunities. A typical college environment provides a number of job choices, generally located on-campus. Some students find incorporating a job into an already full schedule, an impossibility. Work-study programs, however, provide employment options, while minimally interfering with studies. Also, investigate employment options in the surrounding area. Many establishments, such as restaurants, cafes, coffee shops or shopping centers, employ an array of students on a regular basis. The compensation may provide enough income to lessen any financial burden.