You are finally living in the city, working toward your dream job in communications at a top metropolitan school, and you are ready to take advantage of all independence has to offer. One of the most shocking aspects of being a college student, especially in a city, is that things cost money. As a student, your flow of cash is probably not too steady, yet you probably will not realize this until the day that you overdraw your bank
account and think to yourself, “where did all that money go?” Newsflash: you probably can’t afford to dine and shop like the girls from Sex and the City (or, perhaps, Gossip Girl?). As someone who has learned the hard way about spending in the city, I offer you some advice on how to live on a college budget.
Walk.
What do I mean by this? Exactly what I say.
Although a few dollars here and there for subways, trains and buses may seem trivial, transportation costs are incredibly high. Whether you are new to a city or have been living there for a while, walking is an excellent way to become more acquainted with your surroundings, get some exercise and save some cash! You should scope out your route before you go just to be safe (you don’t want to end up in a bad part of town accidentally) but I’ve found that walking often leads to discoveries that you wouldn’t have made if you had been underground between Point A and Point B.
Get A Job.
I say this in the nicest way possible. If your school schedule allows for it and you really want to rake in some extra money, get a part-time job. The beauty of living in an urban area is that there is usually someone, somewhere who is looking to hire. In New York, for example, many college students make money by babysitting. Although this may sound like a “high school” position, there are families willing to pay top dolla
r for a responsible person to pick up Little Frankie at school, walk him home, and help him out with his homework. This job typically doesn’t entail weekends either, so you’re free after Friday. Try creating a profile at a site such as sittercity.com to advertise your services to sitter-seeking parents. Other options you might consider are paid internships (yes, they exist!) or retail. Although retail may not be the most fun job, clothing stores sometimes offer employee discounts, which could save you a little extra.
Look For Student Discounts
It is amazing what a student ID can get you: discounted food at a local restaurant, deals on movie tickets, books and salon services… even a special rate to NYWICI! If your area doesn’t offer many student specials, I would recommend picking up a Student Advantage card. The card offers tons of discounts online and in stores. Some places you can save are Urban Outfitters, Beauty.com, Amtrak, and Aldo. Your NYWICI membership also offers some spa discounts in the NY area (you can check out the list here).
Be Diligent About Saving
The reality of today’s college student is that they are somewhat scared to death about student loan debt. Being realistic about what you can afford and what you can’t is really the key, although it sounds easier than it is! Instead of paying $50 per person for a meal, suggest a cool, cheaper alternative that you found while walking around the city (See? I told you it would come in handy!). Instead of spending all your cash for the week on an expensive dress at Saks, head to a less expensive store where you know you’ll get more for your money. Try to set up a separate savings account that has a decent interest rate. Siphon funds into it when you get paid and use the account for textbooks, tuition or emergency money. Finally, reward yourself once in a while, when you have the means to, by spending on something important to you.
These tips are really just the start to establishing yourself in your new lifestyle, but by following them and keeping an open mind you will find that living on a college budget is not as difficult as it seems. You will undoubtedly establish money-saving tips of your own. When you do (or maybe you have already!), I encourage you to share them in the comments section below.
~Kristen Joerger
joerger@fordham.edu
Fordham University



Just a few months ago, it was clear that the Olympic spirit had taken over Beijing







Although it is part of my Virgo nature to worry about anything and everything, the last few months of my senior year of college — which should have been some of the most stressful of my life — have been surprisingly calm for me. As I geared up for graduation this past spring, typical senior year concerns that should have been flooding my brain (“What am I going to do with my life?” “How will I afford to live on my own?” “Will I ever see my friends again?”) were not sending me into a spiraling panic. Instead, I approached the big day with fearlessness: proud of my accomplishments, confident in my abilities, and excited about the possibilities in front of me, I was ready for the next chapter of my life to begin.