Budgeting for College Life

Budgeting for College Life

Congratulations to the class of 2023! Are you headed to college this fall? If so, this blog post is for you! Today, we’re breaking down the costs associated with college that are not just tuition and room and board.

Start Saving Now

Did you get cash as graduation gifts? It’s okay to splurge a little, but be sure to set some aside to help cover the costs of things going into college.

Deposit some of those gifts into your Allegius savings account, and you’ll have it ready to go when it’s time to shop for college necessities.

So, What Will You Need?

College is not just pencils and notebooks. You’ll need a laptop, textbooks (which are not cheap!); and things for your new dorm, like bedding, dishes, décor, small appliances, and groceries.

Costs Add Up

When you head to college, be aware that costs add up quick! Even doing laundry will most likely cost you money. If you have a dining plan, you won’t have to pay for your meals, but if you want other food to keep in your dorm, those will typically have to come out of your own pocket.

Have Fun!

The most important thing is to remember to have fun! Be sure to save a little money every month to treat yourself to an iced coffee, or a new sweatshirt from the student store. College life is all about learning to be out on your own, and that includes little treats from time to time.

The best part is your Allegius checking and savings accounts will travel to college with you. Allegius is part of the Co-Op and Alliance One networks, meaning you have nationwide shared branches and fee-free ATMs to visit. No matter where you’re headed in the fall, Allegius is here for you!