PSU College Budgeting Guide

Aug 26, 2021

Get tips to help you make the most out of every dollar you spend!

PSU apartments
Budgeting is hard. This is true no matter how old you are, but it is especially true for college students. For most Penn State students, going to State College is the first time they will be away from their parents. While this can be exhilarating, it can also be nerve-wracking and expensive. Some students may have the privilege of having their parents as a safety net. Others are not so lucky. And some students want to try and do it on their own, so they don’t have to depend on their parents. 

Whatever the case, managing money, whether its earned or given to you by your parents, is hard when you are in college. Being away from home for the first time and seeing everything that the campus and surrounding areas have to offer can make you want to spend more than you should. If you can learn to manage your money during this stage of your life, you will be much better off in the long run. Below are some tips for PSU students trying to live on a budget. 

Housing Options
In State College, you can live on campus or off. The choice is up to you, and it truly depends on where you’d like to spend your time. Before you decide, you need to break down the cost of living in a dorm and then check the rent prices for apartments in State College. If it’s cheaper to live off-campus, then you should. You should also factor in other things, like your privacy and solitude. Nothing is nicer than coming home to your own apartment at the end of a long day of classes. 

Rent Your Textbooks
Renting your textbooks may be one of the best things you can do to live on a budget in college. It is also something that few students know about. Yes, you can buy the books used, but you may want to rent them instead. Buying the books used, can save you money, but when you are done with school what are you going to do with the books? Sell them? If you sell them, you will get less than what you paid for them. But if you rent them for the semester, it will be less money, and you won’t be stuck with a book after the semester is over. If you rent a textbook, you can expect to pay at least $30.

Transportation Options
When you get to Penn State, you are going to need transportation. You may have your car you may not. Or you may have your car, but can't bring it with you for the first semester or the first year. Either way, unless you plan on staying on campus every day, you will need a form of transportation. State College has a very robust rotation of busses and other public transportation options. Or you could ride a scooter around town or maybe a bicycle. 

Find a Roommate
There are plenty of affordable State College apartments for rent in the area, however you can always cut costs further by getting a roommate. If you want to get an apartment off-campus, consider getting a roommate - they can help you pay for half the rent and utilities. While living with a roommate can save you money be sure to vet the person you are considering. If possible, try and find someone that is also attending Penn State.

Where Will You Get Your Food?
Food is fuel, but where will you get it. Now, if you are new to the State College, you might be interested in experiencing the restaurants. Practice moderation here. Yes, eating out is nice. Yes, eating food you didn’t have to make somehow makes it taste better. But it will also cut into your budget. If you get a roommate, you can split the cost of groceries. You can cook a big pot of soup, spaghetti, or something else inexpensive and eat for a few days. Eat-in more than you eat out. And when you do eat out, look for the deals. Also, if you are a coffee drinker, make your own. It will end up costing you less to buy a coffee maker and make your coffee than going to a coffee shop every morning. 

Student Discounts
Many places offer student discounts. By using your student id, you could get a discount on a ton of stuff. If you are a fan of Prime and have a student email address, you could get the service for half off. Other companies also offer student discounts, but you won’t know until you ask.

Cut Coupons
When you are on a budget, coupons are your friend. They may not be cool, but who cares? You can find coupons on everything from food to electronics. You have to know where to look. Before you go grocery shopping, check for coupons on the foods you usually eat. Also, you should be able to find the deals on your grocery store’s website or app. 

Only Worry About the Basics
When living on a budget, you need to make sure that your basic needs are being met. This means: do you have a place to stay? Food? Lights and water? Your basic needs are what you need to focus on, and everything else can wait. For instance, do you need cable? Or can you survive with a streaming service? 

Find a Job
To help you stay on budget and meet your needs, you should consider getting a job. It could be a seasonal job or something part-time that won’t interfere with your studies. If you work during the summer, you can save your money for the school year. And if you are working during the school year, you’ll be too busy to spend the money you make. It’s a win-win. 

Keep a Budget
If you know where your money is going each month it will be easier to understand where the leaks can be sealed up. For example, you may notice that you’re spending way more each month of that taco truck than you realized. Keeping a budget may not be fun, but it will go a long way towards helping you become more financially comfortable. 

Check out ApartmentsStateCollege.com for a full array of apartments for all styles and budgets. Call them at (814) 238-3153, or visit them at 214 S. Allen St. in State College, PA. 

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14 Mar, 2024
As thousands of Penn State University students embark on the journey of finding their perfect State College apartment, the process can seem daunting, especially for those navigating this terrain for the first time. To shed light on this critical transition, we spoke with Matt Perkins, the General Manager at Nevins Real Estate Management in State College , who has been assisting students in finding their ideal apartment in State College for years. Establishing a Budget: The First Step "One of the most significant steps a student can take when entering the off-campus housing market is to establish a budget they're comfortable with," Perkins emphasizes. This initial step is crucial, especially for students who might have financial support from parents or guardians. "The State College apartment market caters to a broad spectrum of budgets. However, without a clear budget, students can quickly become overwhelmed by the options," Perkins says. This piece of advice serves as a cornerstone for students to begin their housing search on solid ground, ensuring they live within their means and avoid financial strain. Location and Price: A Balancing Act When selecting an off-campus apartment, Perkins recommends that students consider the location carefully. "The closer to campus you are, the higher the rent will be. If you're willing to take a bus or endure a longer walk, you might find more affordable options." This advice is vital for students to balance their desire for convenience with their financial realities, possibly leading to significant savings over time. Navigating the Application Process "The application process varies between management companies in State College," Perkins notes, advising students to contact management companies directly to fully understand application requirements. This proactive approach can smooth the path to securing an apartment, preventing last-minute hiccups that could jeopardize their housing plans. Lease Agreements: Read and Understand A critical aspect that Perkins highlights is the importance of thoroughly reading lease agreements. "Students often overlook key clauses. It's essential to understand what you're signing, as these clauses protect all parties involved." He underscores that lease terms are rarely negotiable, so understanding and accepting these terms before signing is paramount for a happy rental experience. Effective Communication with Landlords To address issues like maintenance requests, Perkins advises following the management company's set procedures. "In cases where your initial request isn't addressed promptly, don't hesitate to follow up," Perkins says. This approach ensures that concerns are dealt with efficiently, maintaining the quality of the living environment. Security Measures: Stay Alert Don't overlook the importance of security for students living off-campus. "Be aware of your surroundings," Perkins emphasizes. "Problems often arise from non-residents. Being cautious about who enters your apartment is crucial for your safety." This advice is a reminder of the shared responsibility in maintaining a secure living environment. Creating a Comfortable and Personalized Living Space Living off-campus offers a unique opportunity to create a space that reflects your personal style and meets your needs. Unlike the often restrictive rules of dorm living, off-campus apartments allow for greater freedom in decoration and customization. Embrace this opportunity to make your apartment feel like home. Invest in comfortable furniture, plants, and personal touches that inspire relaxation and productivity. However, always be mindful of your lease agreement's terms regarding modifications to ensure any changes you make are permissible. Engaging with the Community Living off-campus doesn't mean you have to be disconnected from the vibrant Penn State community. Take advantage of the numerous events, clubs, and activities on campus. Additionally, explore State College itself, which offers a variety of local shops, cafes, and community events. Engaging with both the university and local community can enhance your college experience, providing a well-rounded social life beyond academics. Managing Living Expenses One of the realities of off-campus living is the need to manage living expenses carefully. Utilities, groceries, and other monthly expenses can add up quickly if not monitored. Perkins suggests setting up a budget for these expenses and sticking to it. Consider using apps or spreadsheets to track your spending and identify areas where you can cut costs, such as opting for more energy-efficient appliances or cooking meals at home rather than eating out. Building a Supportive Living Environment For many students, living off-campus means having roommates. This arrangement can be a fantastic way to share expenses and create a supportive living environment. To ensure peace, it's crucial to establish clear communication and set shared expectations early on. Discuss topics like cleaning responsibilities, quiet hours, and guest policies to avoid misunderstandings. Remember, effective communication and compromise are key to a positive roommate relationship. Safety First Lastly, never underestimate the importance of safety in your off-campus living situation. Perkins's advice to be aware of your surroundings is especially pertinent here. Take proactive steps to ensure your State College apartment is secure, such as using proper lighting outside your apartment, not letting strangers into your building, and keeping your doors locked. Familiarize yourself with the local emergency services and campus resources available to you in case of an emergency. Living in an off-campus State College apartment presents an exciting opportunity to grow independently, create a personalized living space, and engage with the broader community. By applying the insights shared by Perkins and adopting a proactive and responsible approach to your living situation, you can make the most of your off-campus experience. Enjoy the freedom, embrace the responsibilities, and make lasting memories during your time in State College.
By Matt Perkins 06 Nov, 2023
You don't need to break the bank to live the good life in Happy Valley
By Matt Perkins 24 Jul, 2023
You've waved goodbye to the high school years, traded in your home life for the thrill of academia, and are now ready to step into the world of college apartment living. This move symbolizes independence and growth, but also requires astute decision-making and responsibility. No need to worry, though. With our proven tips for locating and maintaining your State College apartment, you'll find that the transition can be a thrilling, not daunting, journey. Finding Your State College Apartment Start Early: The hunt for an ideal apartment in State College can be competitive. Begin your search several months in advance to get a head start. This will provide you with a wider selection and more time to evaluate your options. Determine Your Budget: Be realistic about what you can afford. Take into account tuition, groceries, utilities, and other living expenses. Remember that expensive isn't always better if it compromises your budget or ability to do other things. There are still plenty of affordable apartments in State College for rent. Prioritize Location: You may have the coziest apartment, but if it takes an hour to reach campus, you might regret your decision. Try to find a balance between comfort, cost, and convenience. Understand the Lease: A lease is a legal document that you should read carefully. If you're unsure about any terms or conditions, don't hesitate to seek help or clarification. Inspection: Before you sign anything, make sure to inspect the property thoroughly. Check the plumbing, electricity, windows, doors, and appliances. Look for signs of pests or mold. If anything needs fixing, discuss it with the landlord before you move in. Thriving in Your College Apartment Set Clear House Rules: If you're sharing your space with roommates, set ground rules at the onset. Discuss chores, quiet hours, visitors, and anything else that could lead to disputes. Create a Budget: Now that you're living independently, managing finances becomes crucial. Create a budget for monthly expenses and stick to it. Learn Basic Maintenance Skills: It's beneficial to know simple tasks like unclogging a drain, fixing a leaky faucet, or resetting a tripped circuit breaker. While major issues will be handled by your landlord, these skills can save you time and hassle. Stay Organized: Keep your space clean and tidy. Not only will this contribute to a healthier living environment, but it will also make studying and relaxing more enjoyable. Personalize Your Space: Make your State College apartment feel like home. Adding personal touches like photos, posters, plants, and comfortable bedding can significantly boost your mood and productivity. Invest in Renters Insurance: This insurance can protect your belongings in case of theft, fire, or other damages. It's a small expense that offers significant protection. Build a Good Relationship with Your Landlord: Be respectful and maintain open communication with your landlord. This will make it easier to address any issues that may arise and can lead to a more pleasant living experience. Exploring Your New Neighborhood Identify Essential Spots: Locate the nearest grocery stores, pharmacies, restaurants, laundromats, and public transportation. Knowing where these essentials are can save you a lot of time and stress. Understand Local Laws and Regulations: Be aware of local rules regarding noise, waste disposal, and other community guidelines. This will help maintain a harmonious relationship with your neighbors and the community at large. Get to Know Your Neighbors: Fostering a friendly relationship with those living around you can create a supportive community, helpful in case of emergencies or even for borrowing a cup of sugar. Food, Cleaning, and Daily Chores Meal Prep: Cooking for yourself can be challenging initially. Start with simple recipes and gradually expand your repertoire. Consider meal prepping to save time during the week. Cleaning Schedule: Develop a regular cleaning schedule to prevent messes from becoming overwhelming. It's easier to clean a little each day than to tackle a massive mess all at once. Recycling & Waste Management: Understand your apartment complex's or State College's rules for recycling and waste disposal. Adhering to these can make your life easier and contribute to environmental sustainability. Safety Considerations Emergency Contact List: Keep a list of essential contacts such as your landlord, local police, and emergency services, as well as a trusted family member or friend. Secure Your Apartment: Ensure your apartment has working locks. If you're on the ground floor, check window locks as well. Don't leave spare keys in obvious places. First Aid Kit & Fire Extinguisher: Keep these essentials in your apartment. It's also worth learning basic first aid procedures. Study-Life Balance Designate a Study Area: Create a quiet, clutter-free space dedicated to studying. This can help improve focus and productivity. Time Management: Balance your academic obligations with social activities, chores, and rest. A well-rounded schedule will make your college experience more fulfilling. Home Comforts: Remember to take time to relax and do things you enjoy. Whether that's watching a movie, reading a book, or practicing yoga, home should also be a place of rest and relaxation. Your apartment is more than just a place to sleep—it's your State College home for the next few years. It's where you'll study, laugh, eat, and create lifelong memories. With these tips in mind, you'll be well-equipped to find an apartment that suits your needs and ensure a successful and enjoyable college experience. Remember, as much as college is about education, it's equally about growth, independence, and creating a life that's distinctly yours. Here's to your new adventure!
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