Quick Answer: How Much Spending Money Does A College Student Need Per Month?

What do college students spend the most money on?

In a different survey of over 500 college students, students reported spending their money in the following non-essential categories:Restaurants – 99%Beauty – 76%Fashion – 70%Electronics – 60%Live music – 59%Media – 57%Gyms and fitness – 38%.

How much pocket money should a college student get?

Following a survey that said 75% of Indian parents approved pocket money for their kids, college students in the city reveal their monthly allowance ranges from Rs 15,000 to Rs 30,000.

What is a good amount to spend on groceries per week?

But if you’re trying to put together a weekly food budget for your household, a rough rule of thumb is to allocate about $100 a week per person in your household.

How much spending money does a college student need?

Since many college students work and earn an average of $195 per week or $10,000 if working part-time year-round, they should not need any help with “spending money.”…Sample Budget.Budget CategoryGas/Car Insurance$1,000-$5,000Cell Phone$150-$800Activities (such as on-campus clubs)$400-$1,200Gifts$600-$1,1006 more rows

How much should I give my college student per month?

But, generally speaking, the going rate for a spending allowance at college seems to be $100 to $300 a month, said Leah Bourne, managing editor of the financial site The Money Manual. A 2018 OppLoans poll of 1,000 college students bears that out; 67% said they receive $2,000 or less annually from their parents.

How much should a college student spend on groceries per week?

According to this chart- we’ll assume that most students are on the “low-cost” plan- the average American college students spend on food anywhere between $42-$55 per week. Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week.

How do I stop spending money in college?

Jump to what interests you most and where you want to start:Understand Your Spending Triggers.Track Your Spending.Stick to Cash and Stop Relying on Credit Cards.Forget Your Credit Cards – Literally and Figuratively.Set Short-Term Financial Goals.Learn How to Budget Money.Give Every Dollar a Job.More items…

How do you budget for college groceries?

Check Student-Friendly Stores. The easiest way to save money while shopping is to frequent local markets that offer student discounts. … Buy Generic or Store Brand Products. … Shop (Mostly) Vegetarian. … Buy Frozen Vegetables. … Plan Your Meals (and Stick to That Plan) … Use Coupons—Seriously. … Save Money on Bags. … Eat Before You Shop.More items…•

How much do college students have in savings?

Key findings. 1 in 3 (34%) college students have at least $1,000 saved. This compares with 11% who have nothing saved.

How much does a college student spend a month on food?

According to the USDA website, a typical college student will usually spend between $163 and $367 a month on food.

How much do college students spend a week?

According to this chart- we’ll assume that most students are on the “low-cost” plan- the average American college students spend on food anywhere between $42-$55 per week. Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week.