25 Quick Tips on Saving Money in College

June 29, 2016 0 Comment

In 2011, there was more student loan debt in the US than credit card debt. Unfortunately, personal finance isn’t taught in the typical K-12 setting. Learning financial literacy, however, can be as simple as putting a few coins into a piggy bank. We’ve accumulated a list of 25 quick tips on how to save money during your unidays.

Book Tips

  1. Borrow required textbooks from the school or public library.
  2. Try renting rather than buying your textbooks.
  3. Find older and cheaper editions of your required readings.
  4. Keep your books in good condition so you can sell them when you no longer need them.

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Nutrition Tips

  1. Add some protein to your ramen with an egg or two.
  2. Snack smart by grabbing a fruit from the dining hall for a snack and bring it back.
  3. If you’re going to a restaurant, check its website for coupons or promotions.
  4. Learn to cook to reduce the costs of ordering in or eating out.
  5. Shop for food and cook smart. Fresh food is usually cheaper than pre-packaged “quick meals.”
  6. Stock your dorm pantry with oatmeal, granola bars, and cereal.
  7. Take advantage of coupons and buy in bulk.

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Take advantage of your student ID

  1. Pay attention to events on campus for a good way to get entertainment without spending a ton of money.
  2. Apply for scholarships. Several hundred thousand dollars get wasted every year because people don’t apply for them.
  3. Consider on-campus opportunities to make cash or an on-campus job.
  4. Always carry student ID because many places have student discounts.
  5. Save by shopping student specials.
  6. Try paying off the interest on your student loans while you’re in college.

Other Useful Tips

  1. Save change in a jar and don’t spend unless an emergency pops up.
  2. Recycle by saving up cans and bottles throughout the year to deposit.
  3. Create a budget and stick to it.
  4. Get a credit card with cash back rewards.
  5. Take advantage of student travel discounts.
  6. When furnishing an apartment or dorm room, use what you have before buying newer, nicer things.
  7. Browse eBay outlets to find products that are up to a third cheaper than those in stores.
  8. Sell your expertise in a subject as a tutor.

Please leave a comment if you would like to share your ideas : )

 

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