It can be challenging to make ends meet while you’re still in college. Especially since the cost of higher education has risen by more than 25% in the last ten years. So, it’s unsurprising that many students have trouble saving more money.
But, it doesn’t have to be that way. There are plenty of ways you could save money while you’re still in college. Here we have selected six top tips to help you decrease your costs and save more money.
Calculate Your Living Expenses
For some people, it’s cheaper to live off-campus and rent an apartment. But, for others, that might not be the case. This is why it’s essential to calculate your expenses for rent, utilities, food, and transportation costs. This will help you make a better decision about your accommodation. You can also save more money if you live with a roommate.
If this is your first year in college, then you might feel overwhelmed with the decisions you have to make. According to Best Student Loans, these are the things to take care of before your first semester at college. It’s a handy guide that will help you set your priorities and get prepared for your first school year.
You can also use it to create your own college checklist, or use the guide as a way to tackle the most important tasks on your to-do list. Anyway, you will be fully prepared and ready for your college experience.
Buy Used Textbooks
New textbooks can be costly. So, make sure to explore other options before you buy a new textbook. First, you can rent used books from Amazon, or also find digital textbooks from sites like VtitalSource.
Another option is to purchase used textbooks from other students and used bookstores. Maybe you won’t find all of your textbooks, but you will certainly save a lot more money, instead of buying new ones from the bookstore on campus.
Create a Budget
If you want to track your expenses and be mindful of your spending habits, the best way to do that is by creating a budget for your needs. Maybe you want to start paying off your student loans while you’re still in college, or you simply want to better idea of your total costs each month. Either way, a good budget is definitely an excellent way to take control of your finances.
A part-time job is a great way to have a stable income and gain some work experience. But, make sure your part-time job isn’t interfering with your studies. Or, you can also start freelancing if you already have a good portfolio and job-specific skills.
The most significant advantage is you will be working remotely, and you will have more control over your schedule. Also, make sure to apply for paid internships during the summer; they are quite competitive but offer a lot of benefits.
Use Your Student-ID
If you want to save more money every month, make sure to find good deals on sites like Groupon and GottaDEAL. But, also, your student ID allows you to access museums for free, and you will also find many clothing stores and restaurants that offer discounts for students. So, keep your student ID on you at all times.
Cots associated with eating out can quickly grow, so make sure to create a meal plan and stick to it. Meal prepping can also save you a lot of time and money, and you will most likely eat healthier meals.
If you live with a roommate, you can split the grocery expenses. Otherwise, if you bought the meal plan at your college, make sure to use it.