As college students, we understand that life is never-ending and that there is always something to do. That also means that the expense of everything can sneak up on you, and it's all too simple to fall into debt. Isn't that something no one wants?
We has put together a list of 7 Ways to Save Money As A College Student to assist you to save money while still enjoying and living your college years.
So, let's get this party started!
1. Look For Second-hand Textbooks
Typically, at the beginning of each semester, your professor or teacher will ask or recommend that you purchase one or more textbooks to supplement your studies. However, as many of you are aware, textbooks may be quite costly, especially if you take many subjects.
As a result, buying used books is a straightforward answer. You might be able to find the same book for a significantly lesser price if you look online, visit bookstores, or ask prior students for their old books. If you're lucky, a particular friend may be willing to lend you the book or photocopy the pages you require.
2. Watch Your Expenditure On Food
If you don't budget properly, you can end yourself spending entirely too much money on eating out. Eating at home can be inexpensive, delicious, and quick, and it does not have to be a daily effort. Cook in bulk and have meals ready to eat when you get home.
Cutting away the extra costs of eating out on a regular basis will help you stick to your budget and put that money to better use. It's not just about meals; coffees on the way to class or drinks afterward can be scaled back to make them more of a pleasure than a regular need.
As a reward for working hard all week, save your favourite snack or drink for Friday. Also, try one of these 5 low-cost bites.
3. Use Student Discounts
That is one of the primary advantages of being a student. Student discounts are available at many stores, restaurants, and other establishments. These typically range from 5 to 20% off and can really help you save money or make a difference when purchasing a larger item like a laptop or tablet that you might need for your studies.
Make careful to do your homework because many businesses will give these discounts even if they aren't advertised. This is also true when purchasing on the internet.
4. Make Some Money
It doesn't have to be all about saving money anymore. Increasing your income also allows you to save money. From cleaning to bartending to internet side hustles, there are a plethora of student employment accessible.
Working will increase your disposable income while also providing you with useful experience. Who knows, perhaps you'll make some new pals along the way. It's worth a shot if you can squeeze a few hours in between your college classes.
5. Live Without A Car
We understand that this may not be appropriate to all students, but if you have the option of using several forms of transportation, skip the automobile. When you include in the price of gas, parking, tickets (hopefully none), and auto maintenance, owning and keeping a car is too expensive. All of that money may be put to better use.
Instead, take the bus or train, carpool, or use ride-sharing applications like Uber or Lyft. Better yet, ride or walk to class; not only will the fresh air wake you up for those early classes, but you'll also be able to catch up with a friend along the way.
6. Make The Most Of University Events
If you're lucky, your college will provide a variety of events that you can attend for free. What good would it do me to save money if I did that? It's possible that some of them will provide complimentary food, drinks, or presents, which could help you save money. The goal is to maintain an open mind and to give some of them a chance.
7. Budgeting
We can't emphasize how critical this is. Keep it easy by ensuring that your spending do not exceed your income and by planning ahead of time. Set daily, weekly, and/or monthly budgets for yourself and keep to them to avoid financial troubles down the future. Here are some more pieces we've written that will teach you some solid personal finance practices as well as budgeting advice.
The first step is to write down your expenses and evaluate where and how you are overspending, so you can focus on lowering those costs.If you prefer not to write things down on paper, download best budgeting app, which allows you to conveniently manage and control all of your finances from the palm of your hand.
