Managing your bank account in college!

After I graduated high school, I landed a job doing tough, outdoor work for a city. 40 hour weeks, eight dollars per hour. By the end of the summer, I had saved up roughly $3,000. By August, I began my college career as a Freshman at UNT, and by December, all of my hard-earned three grand had diminished into a few hundred. Here are some tips that I’ve found to be extremely helpful and could have saved me from losing the majority of my savings.

1. Look at your spending habits. Have a look at what you are spending money on. Many times, it is difficult to feel like money is being lost when you spend a few dollars here and there. But a few dollars here and there will eventually accumulate to cause a devastating impact on your bank account. Just have a look at your account and receipts. You may be surprised to find that a daily investment in a Grilled Stuffed Burrito at lunch is costing more than it seems.

2. Be wary of needless purchases. As stated above, minor purchases feel harmless, but they may lead to the tragic death of your bank account in the long run. Keep in mind what is necessary. A bag of chips, a six pack of unmentionables, a fireman costume, and nine rolls of aluminum foil should appear at a minimum on your receipts.

3. Set a budget. Allow yourself to only spend a certain amount during a given period of time. Set a budget for yourself and know how much of it you have spent. If you are having trouble spending within your budget, then you should probably reevaluate your purchases.

4. Get a part-time job. Whether its a paid internship that your seven years experience in underwater basketweaving got you or a position cleaning restrooms, working while in college is not impossible. If you live near or on campus, look into landing a position on campus. Many students apply for those positions, but persistence and trips to your campus career center may prove to be beneficial. Check out what positions are available on and off campus.

5. Use a savings account. Start saving as early as possible. Before you know it, you’ve graduated and your parents have cut you off financially. It is an inevitable welcoming to the real world. Don’t be left without any help getting on your feet, and don’t be one of the many residing in local college graduate homeless shelters. I can guarantee that you will appreciate the four years of savings after graduation.

Vistit the UNT Career Center online here! – or on campus, located in Chestnut Hall Suite 103

For information and services related to money management and troubles, contact the Student Money Management Center at UNT. – Chestnut Hall Suite 313 ~ Call (940)369-7761

As always, visit and “like” the UNT University Union at