Thursday, Mar 22 2018 | Updated at 08:07 AM EDT

Stay Connected With Us F T R

Mar 04, 2017 07:39 AM EST

With the high cost of a college education nowadays, most of a student's salary from part-time work usually goes to dorm rent, textbooks and food. This, in turn, leaves very little or nothing left for entertainment or having a social life.

In a piece for USA Today College by NerdWallet, a student asked about how to live within his or her means but still be able to socialize and travel. However, students were warned that "appearances can be deceiving" and that just because other students travel a lot and go to happy hour several times a week does not mean that they can afford to.

Ben Graney, co-founder of the Artists Financial Support Group in New York, said that the people who are showing how awesome their lives are on Facebook and Instagram "probably got student loan debt." He added that they may be feeling the same fears as you do but they are just better at hiding it and covering it up with all the glitz and glamor.

There's no need to fret, though. There is still a way to be able to save money and be able to socialize at the same time.

#1: Plan your budget

It is important to know and acknowledge where you stand, financially. This way, you can create and plan out your budget. Find out where your money is going and introspect on where you want it to go. You can also use these four finance apps that every college student needs to keep track of personal finances.

#2: Be transparent

You may be standing in a different financial position from your family and friends. Let them know so that they can better understand why you choose not to go to some social event sometimes. Let them know of your current priorities.

#3: Look ahead

While the changes may not be as dramatic and as quick as you want them to be, you will definitely see a difference in your savings as time goes on. It is also recommended that students start to think about their retirement savings as early as college.

Follows finance, college, Social Life, save, money
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Here is NASA’s Take On Anonymous Hackers Alien Claims [VIDEO]

Jun 28, 2017 AM EDTNASA official says no alien has been found until today.

International Cyber Attack Strikes Again: Ransomware Hits Companies Worldwide [VIDEO]

Jun 28, 2017 AM EDTOver 2,000 computers in about a dozen countries were affected.

The Magic of Celebrity Involvement: How Projects and Concepts Get Public Nod When Icons Get Involved [VIDEO]

Jun 28, 2017 AM EDTDo celebrities really affect marketing?

Student Loans In Focus: How Much Do Students Really Borrow To Attend The Top 10 Schools [VIDEO]

Jun 26, 2017 AM EDTFor most students, going into the Top 10 schools is a dream come true. But is the expense in studying in these schools worth it?