4 Ways to Use Summer Cash for College
4 Ways to Use Summer Cash for College
4 Ways to Use Summer Cash for College
Some people have to fight for every penny, working like a dog all summer - and part time afterward just to get through college. Still others are able to cover the "basic" expenses (books, food, housing), but have to work on a pretty tight budget.
On one hand, you can opt to be "a poor student", and simply scrape by with what you have. Or you can choose to do some summer work, and position yourself to have a better overall experience while in college.
So, let's get logical for a minute.
If you can work a mere 30 hours a week for eight weeks, and get paid around $10 per hour, that works out to about $2,400 per month.
While that is not nearly enough money to get you through college entirely, having it available is bound to put you in a much better financial position than you would be if you didn't have that income.
Let's face it there are always "more holes opening up that need to be plugged" when it comes to life, and having a bit of financial padding can be a lifesaver.
So let's look at 4 specific ways you can use summer cash toward college, for those times a bit of "extra padding" come in mighty handy.
1. Use it for those unforeseen expenses.
Like a laptop breaking down, or car problems or any unexpected expense suddenly thrown at you. Maybe it's something you need for your studies, but did not make a provision for, or didn't even have a clue you needed it.
In some cases, it could make the difference between being able to cope, and falling behind. And there are few things in life sadder than someone who has to quit studying due to a sudden lack of funds because they weren't prepared!
2. Use it for travel expenses.
Your college of choice may be far away from your home town. After all, where you want to study is a matter of standards and opportunities - not only about location. Having travel money available when you get a hankering to go home could mean the difference between a memorable or miserable "college experience". Being homesick is distraction you can't afford to saddle yourself with.
3. Use if for extra classes or assistance with projects.
You never know if you may be faced with a "tougher than expected" subject, or just a nightmare project. Sure, you will probably be able to work through it on your own, but with a little paid help from a tutor, your grades could end up being 10 times better.
4. Use it to improve your quality of life.
Of course, you are going to college to study. That's a given. But it need not be a jail sentence! With some extra cash in your bank account, there is no need to play Scrooge McDuck every time you see something you want, or would like to do, simply because you don't have the funds available to buy it or do it.
The bottom line is this:
As a student, you should be worrying about only one thing - doing as well as you can in your studies. You should not be worrying about budgeting properly; making ends meet, or squeezing every penny three times before putting it back in your pocket.
Unfortunately, many students end up doing exactly that and much of it could have been prevented by doing a bit of summer work!
Yeah, you might sacrifice some of the quality time you could have spent with your friends for eight weeks, but so what?
You will be setting yourself up to be financially comfy for an entire YEAR, not just a measly eight weeks. Sounds like a pretty easy decision to me!
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