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Money Moves for College Students
July 28, 2026
Hello, Lehmanites! My name is Juliana Ramos, and I am a senior social work major. I would like to share some helpful budgeting and saving tips that can hopefully help you build healthy financial habits. Let’s get started!
Why Is Saving Money Important?
Saving money is critical in times of need, such as emergencies, debt, and food shortages. It is important to save because it helps build financial discipline and provides benefits for long-term goals. If you’ve ever saved $5 out of a $10 bill, you’re already off to a great start!. Normally, when people think about saving, their first thought is saving high amounts of money, but that is incorrect. You can start small and then increase the amount each time you get paid.
The Benefits of Saving
Saving your money can bring a lot of relief to your life; it can lower your stress levels and worries when you know you have something to fall back on. It is always good to know the "why" behind your savings. Short and long-term goals will keep you motivated in your progress. Whether you’re saving for the next sneaker drop or your first house a decade from now, keep these helpful tips in mind:
1. If you get paid $1,000 biweekly, that is $2,000 a month. If your monthly bills are about $1,600, you will have $400 left over. Try setting aside $100–$125 each month. That adds up to about $2,400 a year. Now, imagine if you work extra hours and earn more money, that means you can save even more. Remember, every dollar saved counts! It is always better to have something than nothing.
2. If you have $300 left over for the next two weeks until your next paycheck, try meal prepping. Take $100 out of the $300 and use it to meal prep for the week. The remaining $200 can be left for everyday expenses. Just be strategic about what you spend it on.
Most importantly, never feel guilty if you need to stop saving for a little while. Life happens, and that is okay. What matters is that you continue trying and get back on track when you are ready. Saving is a journey, and every small step you take toward your goals matters.