Many high school students know that in order to make the dream of a college education a reality, they will need to help pay for education expenses. It may seem difficult to earn enough money to make a difference in future large college bills, but most high school students can save more than they expect. While it may be challenging to earn and write my essay online while going to school, high school students can save significant sums by following these tips.
Open a Separate Savings Account
By opening a separate savings account specifically for college funds, a student may avoid the temptation of spending money that he or she has earmarked for college. It may be wise to open an account that is a little bit more difficult to access, perhaps at a bank that is not close by or one that limits online transactions. The goal is to have a safe place to accumulate college savings in a location where students will not be tempted to spend the money.
Look for Part-Time Work
It can be challenging to maintain a part-time job while earning good grades and staying involved in extracurricular activities. However, high school students who are serious about saving money for college should find some type of part-time work, even if it means babysitting on the weekends or looking for work as seasonal help at a retailer during the holidays.
Save a Portion of Every Check
Smart students designate a portion of every check to go towards college savings. Often, students decide to spend half of each check while saving the rest for college. This means when a check comes in—whether it is earned as salary or received as a birthday gift—the designated amount is deposited into the college savings account. With a plan in place to save a portion of every check, students will make college savings a priority.
Sell Unwanted Items
Many high school students have belongings that they no longer need or want that could be sold for a profit. Student should look around their homes to find unwanted clothes, electronics, or toys that they might be able to sell. Neighborhood garage sales or eBay can be effective outlets for turning household junk into college savings.
Cut Back When Eating Out
Some high school students are unaware of the amount of money they spend eating out. A couple of dollars spent on a hamburger for lunch, plus a few more dollars for a snack after a football game can really add up quickly. Students serious about saving money for college should designate an eating out budget that allows them to enjoy time with friends but also enables them to work toward college savings.