Fall Saving After Summer Spending

August 31st, 2017

Beto Alvarez color illustration of a college student precariously balancing on a high wire while juggling food, books, and entertainment. The Dallas Morning News 2001
With COLLEGE, The Dallas Morning News by Nancy Churnin

Ahh… autumn is just around the corner. Crisp leaves will be floating like bubbles in the sky; or just like your luscious hair that is thinning off your head due to all your new financial stress! Summer didn’t last longer than a blink of an eye. However, your bank account begs to differ.

You realize all those summer hours you reeled are non existent after splurge shopping, exhilarating  music festivals, and now overpriced school books.
Part of being successful is having our money under control: make some, save some, and spend some.

Saint Xavier offers the Northwest Community Credit Union on campus. The credit union is student led and allows students to open a checking and savings accounts with the minimum deposit of ten dollars.

This is the perfect opportunity to start saving a portion of the money you produce, even if you maintain a minimum wage income.
Rather than spending your paycheck entirely, have a small percentage deposited into a separate savings account. Now you have your rainy day money put aside. You bought a book without an access code?

Don’t wait until your next paycheck to buy the correct one.Spending some means some, not all of it shopping online. There are a few sacrifices that must be made. For one, reduce how often you eat out. Food is a necessity, being served is not.

Limiting spending on food is more than avoiding dine-in restaurants. It’s the $4 coffee you buy every morning religiously, and the quick serve cheese burgers that add up.

Think about it. If you head to a cafe for a morning large coffee and a breakfast sandwich and pay $9, that’s almost an entire hour off your paycheck on one meal.
Make coffee at home and do something more meaningful with your cash!

Only pay for what you’re using. If you spend majority of your time on campus, you’re probably using the school’s wifi too. If that’s the case, you can easily switch to a more inexpensive phone plan. Don’t pay for data you’re not using. Also make sure you are paying for your expenses on time.

Don’t procrastinate returning those amazon rentals. Take advantage of your cell phone’s calendar, or use canvas to keep track of upcoming due dates.
The definition of late fees is giving companies your money for being lazy instead of receiving an actual service of some kind.

Another wallet saver is instead of purchasing novels, or books that won’t be used for the entirety of the semester, try checking them out at your local library.    
Do the math. Take a minute to figure out what you’re generally making in a month’s span. Then find out how much is left over after all your expenses are paid.

From there, deduct how much money is going into your new savings account. The remaining balance is yours to use towards guilty pleasures, guilt free.
This simple formula will make life as a college student, or as a human being, so much easier.

Susan Huerta
Features  Reporter

Recent News

SVA and Tau Sigma Come Together for Soldiers Overseas

November 29th, 2017

The Student Veterans Alliance is hosting yet another holiday event in which they will be giving back to the soldiers who are overseas. SVA will be collaborating with Zeta Tau, SXU’s chapter of Tau Sigma National Honor Society for transfer students. The two organizations will be hosting the Homemade Christmas…

Destress Events at Saint Xavier

November 29th, 2017

As the semester winds down and finals approach, students can look forward to a few things to help them destress. On Thursday, November 30, students can stop by the Student Lounge to see Lucky and Pals! The popular therapy dogs will in the lounge from 10am to 11:30am. Students can…

Student Media Says Goodbye to Bryan Anderson

November 29th, 2017

Bryan Anderson is a graduating senior of Saint Xavier University with a major in Marketing. Bryan is a transfer student to Saint Xavier. He attended two previous institutions before coming to Saint Xavier. This is his third (and final) semester here. “This school has been my favorite out of the…

More News Articles >>