How can I save up for my next big event?

How can I save up for my next big event?

As college students, money often runs tight, but we still want to blow off steam going to fun events or activities. I often find myself wondering how I can save up some extra money to buy sports game tickets or tickets to a concert or music festival without completely changing my everyday routine. Here are some of my top tips to help you save money for an event:

  1. Start a coin jar. Starting a coin jar is an easy way to let your extra change add up fast. Before you know it, you’ll have enough money to buy a ticket for the next big basketball game!
  2. Eat in. I know how tempting and easy it is to go out to eat. However, if you cook at home, it is easy to make your food and dollars stretch. Put the money you would have spent on eating out for the week towards your next concert.
  3. Take public transportation. On campus and in most cities, there are great public transportation alternatives to get you to and from your next event. Not paying for gas, parking, or a rideshare service will save you a boatload of money on your next night out.
  4. Make your own coffee. Running to a local coffeeshop before class is a habit for a lot of us, and those coffees add up FAST. Switching to homemade coffee in the morning is a great way to save cash that can go towards your next social function.
  5. Stick to water. At sporting events and concert venues, concessions are often extremely expensive. My advice to you is to eat before going out and stick to water during the event to help keep costs low.

These are ways that have helped me save money in the past, and I hope they help you save for your next big event. Remember that you do not have to completely change your lifestyle to save some extra money and that making small changes can add up fast. Happy saving!

Written by Grace Martin, Financial Wellness for College Students Peer Educator, University of Illinois Extension, Spring 2020. Reviewed by Kathy Sweedler, University of Illinois Extension.

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