Managing college expenses can be tricky, but there are ways to spend less and save more. To help establish a college budget and eliminate wasteful spending, here are ten easy tips college students can use to save money while in school:
College life often comes with a shoestring budget, but that doesn’t mean you can’t save some money along the way. By using these 10 tips budgeting tips for college students you’ll keep more money in your pocket, and can open a savings account to set cash aside for future endeavors.
1. Buy used books
Campus stores usually stock new books and have few used options. Look for used books online, check your school’s classifieds or buy a digital version.
2. Skip vending machines
Keep your college budget in check by stocking your dorm room with drinks and snacks from a grocery store rather than the vending machine.
3. Go thrifting
Need a new outfit or lamp for your dorm room? Check out thrift stores or discount stores rather than the mall to help save a few bucks.
4. Reduce everyday costs
Buy generic items instead of name brands. Generic items typically cost much less and are an equal product to most brand names.
5. Skip the gym membership
Gym memberships can be costly. Join intramural sports, sign up for a local running club or get your friends together for a game of Frisbee golf at a local park.
6. Refill water
Fill up a reusable water bottle at the drinking fountains rather than buying expensive bottled water. It’s cheaper and better for the environment.
7. Buy a coffee maker
Skip the $5 lattes at the campus coffee house and purchase an at-home coffee maker to brew your own.
8. Watch bank fees
Bank fees can add up. Look for free student checking accounts with no charges and free ATM access.
9. Split a pizza
To keep your eating-out budget under control, order a pizza with friends and split the cost. Or share an entree or appetizer when eating out.
10. Look for discounts
Many businesses offer discounts to students with a valid ID. Take advantage of these deals to save on everything from clothes to food when possible.
Bonus: Commute affordably
Rather than driving a car, use public transportation, walk or bike. You’ll save money on gas, car maintenance and parking costs. Plus, it’s good exercise.