What does this mean? It means getting all you need for classes and if you are moving (into dorms or an apartment), buying stuff for your new home. How can you do both of these cheap?
Well it starts of simple, make list. Make two lists if you are moving. Write down everything you need, or think you will need. Then go through the house and see what you can find on your list or will work as well. If you are moving into a dorm or apartment check craigslist, though make sure you know what the allowed items are in the dorms. For example most dorms do not allow pocket knives or candles. Don't waste your time or money by bring things you can't keep.
One thing I would recommend, if you have a lap top is a lap top lock. Lap tops are one of the most stolen pieces of property at a university. Lock it when ever you are away from it, even in your own dorm (others do have the key).
Once you have your list and have seen what you have, start pulling up the websites for staples, office depot and office max (depending on what is in your area), then pull up iheartcvs.com and iheartwags.com. Check the sales and match up what you have on your list with the sales. In a few weeks you will have most of what you need for cheap, at least for school supplies.
If you are moving, make sure to go on bedbathandbeyond.com and sign up for their 20% off coupons, then check out kohls.com and use their sales to buy most of what you need. If you cannot find a good deal at kohls, then use the 20% you will get for signing up to buy a few things from bed bath and beyond. It may take you a few weeks but by the time school is in full swing you should be fine.
1 Million Dollars
Showing posts with label preparing. Show all posts
Showing posts with label preparing. Show all posts
Sunday, August 21, 2011
Sunday, July 17, 2011
Preparing for college
Classes for most universities start at the end of next month and that means bills for classes will be due sometime during this month. Do you know how you are going to pay for them? Do you even know what your options are? Have you accepted your financial aid at school yet?
Many students use their student loans to pay for school and the money they or their parents have for living expenses but that would be a mistake. If you did that, and you are still a dependent on your parents, your parents could not claim the higher education deduction or credit. The better idea is to pay for classes with your own money or your parents and then use the student loans for living expenses. If you have scholarships, they are only tax free if you are paying for school so use them as such, unless your parents want to get the tax deduction and are supporting you. If your parents are in the 28% tax bracket and you are in the 10% tax bracket, them paying the school makes and getting the deduction makes more sense then you saving tax money by using your scholarship for classes.
Keep in mind that if you are paying for more than 50% of your expenses, and this included scholarships and student loans, you are not a dependent according to the IRS. Many parents do not realize this and will continue to claim you, however if caught it can amount in major penalties, just like any of type of tax fraud.
If you are moving away for college, talk to your parents about what will happen to your room while you are away. Decide what you should take, decide if you want to get of anything. If you decide to get rid of stuff, decide if you want to have a yard sale, donate it or throw it out. Use google maps and determine if you need your car or if use a service such as zip car would be cheaper. Keep in mind the cost of parking on campus as well repair costs. Decide if you need a meal plan and if so how many meals you want. Most students use the two meal per day plan because you will not always be on campus or want to eat all your meals on campus. Decide what is important to you. Add up the costs you will be spending during this semester and school year subtract your financial aid, any money you have now and any money your parents say they will give you. Do you have enough? If not you need to fix it now!
Can you or your parent call the school and ask for a review and see if there is anything the school can do? Can your parents help a bit more? Now what can you do? Are there any people in your neighborhood that would like someone to mow their lawns or weed their gardens? Do you or your parents have friends how are going on vacation and do not know what to do with their pet? Could you offer to go over and pet sit? Can you offer to dog walk? Can you start doing surveys, open a swagbuck account or a mypoints account. None of these are big money makers but they add up. Every penny you get is one penny less you need borrow and pay back at a huge rate.
Does anyone have any other ideas for what students need to do before leaving for college?
Many students use their student loans to pay for school and the money they or their parents have for living expenses but that would be a mistake. If you did that, and you are still a dependent on your parents, your parents could not claim the higher education deduction or credit. The better idea is to pay for classes with your own money or your parents and then use the student loans for living expenses. If you have scholarships, they are only tax free if you are paying for school so use them as such, unless your parents want to get the tax deduction and are supporting you. If your parents are in the 28% tax bracket and you are in the 10% tax bracket, them paying the school makes and getting the deduction makes more sense then you saving tax money by using your scholarship for classes.
Keep in mind that if you are paying for more than 50% of your expenses, and this included scholarships and student loans, you are not a dependent according to the IRS. Many parents do not realize this and will continue to claim you, however if caught it can amount in major penalties, just like any of type of tax fraud.
If you are moving away for college, talk to your parents about what will happen to your room while you are away. Decide what you should take, decide if you want to get of anything. If you decide to get rid of stuff, decide if you want to have a yard sale, donate it or throw it out. Use google maps and determine if you need your car or if use a service such as zip car would be cheaper. Keep in mind the cost of parking on campus as well repair costs. Decide if you need a meal plan and if so how many meals you want. Most students use the two meal per day plan because you will not always be on campus or want to eat all your meals on campus. Decide what is important to you. Add up the costs you will be spending during this semester and school year subtract your financial aid, any money you have now and any money your parents say they will give you. Do you have enough? If not you need to fix it now!
Can you or your parent call the school and ask for a review and see if there is anything the school can do? Can your parents help a bit more? Now what can you do? Are there any people in your neighborhood that would like someone to mow their lawns or weed their gardens? Do you or your parents have friends how are going on vacation and do not know what to do with their pet? Could you offer to go over and pet sit? Can you offer to dog walk? Can you start doing surveys, open a swagbuck account or a mypoints account. None of these are big money makers but they add up. Every penny you get is one penny less you need borrow and pay back at a huge rate.
Does anyone have any other ideas for what students need to do before leaving for college?
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