Friday, July 10, 2015

Broke College Student Benefits

I won’t say every college student is broke because that is a cliché. However, most college students don’t have much money waiting to be spent or any money at all. With that being said, you and I both know college isn’t cheap and can cause student debt and much more.

I do not by any means, want to scare anyone or change their minds about going to college. I will admit, going to college can be quite fun because you will be in a pool full of people from different walks of life. It is not only a place where you will be attending classes 24/7, but you will learn a lot about different cultures, how to budget your own money, and eventually gain a great education.
But, here is the entire point to this post, being a broke college student does have its advantages. Let me tell you why.

Source: 401(K) 2012/Flickr

If you learn to live on less for your daily expenses, then while you’re in college and for the rest of your life you’ll be able to prioritize the things that are actually important to you. There are a million ways to learn to budget, and I am no expert. But here’s something to keep in mind:

For starters, if you are a broke college student like myself with no family to dig you out of any financial holes you may put yourself in, you learn to live on less money for your daily expenses. While you are living as a broke college student, you will learn how important it is to prioritize things that a) are important to you b) need to be paid ASAP and c) budgeting.

Number one rule to being a broke college student is it is a valid excuse. Yes, you heard it from me. It can be used as a valid excuse.

Now, as a college student, you probably think your goals need to only deal with a self-improvement, education, and experiences. However, not knocking on them and saying anything negative about it, but you have to think; you are investing your hard earned money and time to reach your academic goals. Yes, this does benefit you in a variety of ways, but why spend all your money on just that?
I decided early into my college life, that I would only spend money on things that I needed to live my daily life, neither nothing more nor nothing less. Everyone has an experience that they want to finally experience, am I right? Well, by doing this, you can not only learn to save a dollar, but you also will get to do things that you want to do. You are not necessarily making yourself unhappy because overall you have a goal and you are working towards that.

Basically, what I am trying to get at is, being a broke college student has its advantages. You will soon learn to be great with money and you will be savvy earning your hard earned cash too. Sometimes, you just need a goal in mind to help you along the way.

Question: Do you believe there are benefits for being a broke college student?


  1. I agree completely. There is no better time in life to learn how to manage meager amounts of money and learn to budget accordingly than when you are a student with no family obligations. Trust me, don't wait until you have a family to support and mouths to feed to learn how to stretch a buck!

    1. Yes, yes, yes! This is just it. At least for me, this is a huge one. I rather learn how to stretch a dollar now than have to learn when I have a full house. :)