August 12, 2024
• 3 Minute Read
College is a time to expand your knowledge – not just for your future career but also for managing life on your own. With education costs climbing, you have to find ways to save so you’re not left struggling financially when you graduate.
Back in the day... I worked a full 40-50 hours a week at a "part-time" job, all the while going to college. But it doesn't have to be that way. There are far more easier methods out there to help you save money while hitting the books. We've compiled 9 ways to save money in college, and keep your budget in check.
1. Use Student Discounts
Take full advantage of student discounts wherever you shop. Get in the habit of asking "do you have a student discount?" Be prepared to show your college ID, so keep it with you at all times. These discounts can add up to significant savings over time.
2. Opt for Book Rentals
Instead of purchasing textbooks, try renting them. It’s a simple way to save money, especially on books you’ll only use for a semester.
3. Look Into Testing Out of Classes
Check if you can test out of general education classes. If you don’t need a class, why spend money on it? $20 to test out, or $400 to take it for the semester? You do the math.
4. Participate in Free Campus Events
Many colleges offer free events, often with food included. These activities can be a fun and cost-effective way to stay entertained and keep your bellies full.
5. Explore Housing Alternatives
Consider living off-campus or commuting from home. These options can significantly lower your living expenses. The campus office many times will have a list of students looking for a roommate. Make a new friend while your at it.
6. Trim Unnecessary Expenses
Consider eliminating non-essential costs like cable, premium phone plans, or (...cough) excessive partying. Cutting these out can free up more money in your budget.
7. Prepare Your Own Meals
We've all heard of the "Freshmen 40." Cooking simple meals at home can be more cost-effective than a meal plan and often healthier. Plus, it’s a great way to develop cooking skills.
8. Use Public Transportation or Walk
Whenever possible, walk to class or use public transportation. Carpooling with friends is another way to cut transportation costs.
9. Find a Campus Job - or ANY Part-time Job
Look for on-campus job opportunities, such as becoming a Resident Assistant or tutor. These roles can help you earn extra money while staying close to your studies.
If there aren't any on-campus positions available, don't think twice about picking up a part time job waiting tables or cashiering at the local gas station. Those types of establishments are great at working around school schedules.
It's not as hard as it seems.
Saving money as a college student doesn’t have to be complicated. You don't have to work your life away trying to just get by in college. Taking small, thoughtful steps, you can make a big impact on your financial situation, and save money while you're at it. CreditSoup.com wishes you a successful and frugal school year!
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