College is the perfect time to develop good financial habits and put money in your pocket. Learning to manage money on a tight budget, pay down debt, control spending, and make money may be among the best lessons you can get in college.
Being frugal is a badge of honor for college students and those who come from homes of modest means. As a college professor, my students often share how they spend less on books, entertainment, and food. Many of the tips below come from those discussions.
1. It would be best if you were working during the summer to have some spending money.2. Take Advanced Placement (AP) courses if offered in high school. Make sure to do well on AP exams to get full credit.
The College Level Examination Program (CLEP) offers 34 exams that cover intro-level college course material. With a passing score on one CLEP exam, you could pick up three or more college credits at more than 2,900 colleges and universities.