How to Go to School Full Time & Pay the Bills

For most college students, money is tight. It's your first time on your own and your first attempt at being financially responsible. You don't have to work around the clock to get your bills paid. It is possible to be a full-time student, pay your bills on time and still have a little bit of college fun. Practice your money management skills and budget carefully to make the grades and pay the bills.

Instructions

    • 1

      Make a budget. Write down how much money you bring in each month. List each monthly bill and its average amount.

    • 2

      Set aside a little bit of money each week for an emergency fund. Use this fund in a situation where you don't have enough money to pay your bills.

    • 3

      Find a job. Work as many hours as you can without negatively affecting your grades. Try to find a job on campus to cut back on travel costs.

    • 4

      Make your own meals. Eating out is expensive and can take a big chunk out of your bank account.

    • 5

      Get a roommate or two. Make sure all the bills are split evenly.

    • 6

      Watch out for credit cards. If you need to get a credit card, limit yourself to one. Find the card with the lowest interest rates, and pay off your balance as quickly as possible. Use credit cards only for emergencies.

    • 7

      Pay your bills before they are due. Late payments often mean late fees, which can make it much more difficult to catch up.

    • 8

      Look for used textbooks. Used textbooks are usually cheaper but contain the same material as new ones. Sell back any books you won't use again once you have completed the course.

    • 9

      Give up your car if you can. Parking, gas and maintenance expenses can add up quickly.

    • 10

      Apply for financial aid. Submitting your financial forms each year can go a long way towards reducing your college costs, giving you more money to spend on other bills.

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