For the majority of college students, budgeting is an important part of going to college. While some students have financial aid or financial support from family and friends, nearly all students have to pay close attention to how much money they’re spending and saving. But, don’t fret. We’re here to help! And we’ve gathered some of the easiest ways to save money in college without sacrificing any aspect of the fun school experience.
6 Tips to Save Money in College
1. Plan ahead
Saving money in college actually begins well before move-in day. If your high school offers Advanced Placement classes or community college courses, these can oftentimes transfer to your college credits. So, the more credits you have before college, the fewer courses you’ll need to take and the less money you’ll have to spend on college tuition.
2. Community college
Many students will spend their freshman and/or sophomore years at a community college. Doing so allows you to take your core classes at a lower price tag. These credits can almost always transfer to a four-year institution if you wish to complete your degree elsewhere.
3. Make a budget
One of the best ways to save money in college is to have a budget. Know how much money you have available to spend each month and plan accordingly. Take into account your expenses such as rent, food, utilities, and other bills, and make sure to leave room for entertainment and other items.
4. Take advantage of student discounts
Many businesses offer discounts to college students. When shopping, always ask if there are any student discounts available. Look online for coupons or use the student discount card provided by your college.
5. Get a job
Working part-time or during the summer is a great way to earn extra money for school. You can use the money to pay for books, tuition, or simply to save for a rainy day.
6. Live frugally
College is a great time to learn how to live on a budget. Try to buy used books or rent textbooks instead of purchasing new ones. Look for deals on food and limit your trips to restaurants. Additionally, avoid unnecessary purchases such as expensive clothing or entertainment. Consider even living at home if you can.
Saving money in college doesn’t have to be complicated. With a bit of planning and discipline, you can make the most of your money and make sure you have enough to finish your degree.