Posts Tagged ‘saving money’
Location! Hosting graduation parties at your house makes the most sense – it’s cheap and personal! However, if you know your place is too small for all your guests, see if one of your best friends would want to share their home with you and do a double party! Make sure you offer your time and energy to preparation and cleaning up afterwards.
Email! Sending invitations via email or using an eVitation helps you save money on stationary, envelopes, postage and time.
No catering! Homemade goodies can go a long way. It will take more work the day of your party, but you will definitely save on hiring someone to make food and deliver it. Pasta salad is a great dish that is easily homemade.
Fill up guests on bread! People will eat less if they fill up right away on their snacks. Mini sandwiches, breadsticks, and crackers with cheese are all good options.
Napkins instead of plates! If you can stick to finger food, you won’t have to splurge on plastic silverware or plates. Larger paper napkins can definitely work for mini sandwiches or handfuls of snack mix.
Borrow supplies! If you need trays to display food, don’t go out and buy new ones. Ask friends to borrow some. Also, get creative with what you have! A large plate placed on top of an upside-down bowl can be a makeshift cookie display.
Never underestimate crepe paper streamers! They are super cheap and instantly add color and fun to any room. Using school colors is always super festive. Check out more crepe paper tips here!
One bouquet goes a long way! You can either use one large bouquet of flowers as a centerpiece to your main snack table, or split it up. Placing a single flower in a used wine or soda bottle is simple and elegant; suddenly your big bouquet has turned into tons of tiny versions!
Free music! Instead of buying or downloading new music, plug your speakers into a laptop or computer and pick your favorite stations on a site like Pandora or create playlists on Spotify.
Group activities! Setting out fun group activities will keep guests entertained. If you have a yard, setting out sports gear (soccer balls, badminton racquets, etc.) will invite them to play a game. If you have limited yard space, place a few decks of Trivial Pursuit or playing cards around for people to pick up and quiz each other.
Find more excellent advice on college and graduation at Cappex.com!
Attending college also means paying for college. Whether you’ve got savings from your parents, are paying as you go, or recently won $2.5 million from the Powerball, you’ll have to become well versed in the art of penny pinching. Because college is expensive.
According to a recent article in the Minneapolis Star Tribune, both Augsburg College and the University of Minnesota are actively encouraging students to control their spending during their college years so they don’t have to live on less later in life. A new program called “Money Matters” will teach students who enroll how to save money and prioritize what they buy. Perhaps this new program was implemented because of Augsburg’s 5% tuition hike this year. It could also have been because students often rack up large amounts of credit card debt during college. Either way, it’s ironic to many students on campus because Augsburg is charging tuition for the course…
A large portion of the “Money Matters” course focuses on wants versus needs. What do you want and what is it that you need? While some students may need to take this course, here’s some free advice on things you may want to give up until post graduation:
Shopping Sprees. Oh, I know. Shopping is a fun, recreational and social activity that helps blow off steam after a stressful week and before a big night out with friends. Try sharing clothes instead or hosting a clothes swap party! Even if you’re shopping at cheap outlets, you’re still spending money on something you may only wear once.
Coffee. I do NOT mean GIVE UP COFFEE. As a huge coffee drinker, in good faith I cannot ask that of a college student. But, you can drink for much cheaper. Chains like Starbucks charge way more than 7-11 or McDonald’s. A small, black coffee is way cheaper than a large latte. Also, you can buy cheap, single-serving instant coffee packets to carry with you or keep in your dorm. Or get a coffee maker!
Books: Used vs. New. Buy used books. It is so simple on Ebay! Many college bookstores will also offer used books mixed in with their brand new copies. If you don’t see them, ask the staff where their used book section is located.
Cars. Public transportation is much less expensive than owning a car. Cars guzzle money through gas, insurance and any maintenance that comes up. If there is public transportation available on your campus, use it! Also, parking on a college campus can be a pain in the neck.
These are a few things you can do, but there are always moments where you can ask yourself, “Do I need this? Or do I just want this?” It’s hard to graduate with debt, so work hard now to avoid pains in the future. You’ll thank yourself!
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