Monthly Money

Ding, Ding, Ding! It has come to my attention that I spent $370.23 during the majority of October. Recreational expenses only, excluding rent.

When my dear mother informed me of this lovely information (thanks, Mom), I took a look at my recent bank statements (thanks, Chase Online Banking). It seems I have been spending that general amount every month of this semester so far, albeit it’s only been three months so far. However, I also looked at my spending while I was in school last year and it practically mirrored what I spend now. Well, at least I’m a consistent spender! (And that doesn’t include cash spending! Yikes!)

I asked my friend, who goes to Franklin & Marshall College in Lancaster, Pennsylvania, what she and her friends spend monthly on miscellaneous things (excluding integrated university costs like housing and meal plans). Most of her friends are on a meal plan, which, in my opinion, plays a big role in spending. Being on a meal plans means that their spending on off-campus food does not nearly amount to the spending of students in the city without a meal plan. (Then, everything is off-campus.) To prove my point, she said the approximate monthly expenses of she and her friends in Lancaster were $100-150.

Another friend who goes to Washington University in St. Louis, Missouri, has a different situation. “I don’t have a meal plan that covers my meal costs so if you were to include meals on campus and other expenses such as social events and shopping it’s more like $400. Its kind of a necessity to splurge because I eat vegan most of the time, and that food tends to be more expensive,” explains friend número dos. Healthy items are not always the cheapest. A salad for lunch in New York will usually run you about the same amount my friend pays in St. Louis, $7-10. While some healthier choices may be more expensive, many students are willing to make that sacrifice to better their eating habits.

I have a feeling much of this blog will be about food, since that is where the majority of my money goes. Look forward to raves about chai tea lattes from Starbucks and the necessity of the “half-sandwich.”

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5 responses to “Monthly Money

  1. Although buying your own groceries is expensive, I’d take it over a meal plan any day! The hard part, like you said, is buying healthy items without going over budget! #collegeproblems.

  2. Pingback: Middle class? What’s that? | CENTS & THE CITY

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