Admissions Expertise What are the best ways for students to manage their college expenses? The best way for students to manage their college expenses is to have a budget. A budget is a financial GPS, that helps you get where you need to be with your money. You need to know how much money you will have available to spend each month, then list each of your monthly expenses, including money for entertainment and emergencies. By listing your proposed budget and then tracking your expenses, you will learn how to budget your money wisely. It is always possible to economize by taking advantage of student discounts, local specials and sales and buying used, books, furniture and even clothes from other students. Many big cities have great weekend attractions that are free to the public. Likes Like This Answer Already Liked This Answer Thank you, this item will be reviewed.