15 Simple Ways College Students Can Save Money (2024)

College is very expensive, and we have all come to know that as students. Ifyou don’t have the financial help to get through the semester because you spent your savings on paying tuition, it makes itdifficult to pass by, especially when you are in need. For studentswho do have a job, it might seem like you are living paycheck to paycheck. But do not worry, my experiences through college and working a part-time job has taught me the valuable lesson of how to save money!Be smart about money and consider the tips below to help save more money each semester.

15 Simple Ways College Students Can Save Money (1)

Carpool to school.

If you don’t live on campus, getting to school can be a super stressful. Parking passes can cost a paycheck or two, and gas prices seem to be forever rising! Try to find a classmate, roommate, or friend and offer to split the cost of a parking pass and gas. It can be fun to have a traveling buddy!

Walk or bike.

Another alternative is walking to campus (if it is a short enough distance). Investing in a bike is also a great option. The money spent on a bike will equal out when you are riding it daily, and can be cheaper than gas or a parking pass! Plus,walking or riding your bike is a great way to get your bodymoving before class!

Pack a snack.

When you are hungry and walk into the school’s cafeteria, of course you want to buy everything in sight! Who cares if a measly peanut butter sandwich cost $10.00, your body needs to be fed! Try packing yourself breakfast, lunch, and/or dinner to keep you clear ofthe cafeteria. You can also buy snacks in bulk to pack for in between classes! Try to stay away from the school cafeteria, it can be a danger zone for your wallet.

Related: 10 Must-Have Snacks for Your Dorm Room

Brew your own coffee.

Some students pull all-nighters with the help of five or more cups of coffee. What better way is there for the school to make money? The on-campuscoffee shop,of course! I am sure you can find coffee shops scattered around school, and a small cup of coffee can costalmost $3.00! Do yourself a favor andmake yourcoffee at home for under a buck, and you can make it just the way you like it!

Rent textbooks.

ALWAYS opt for renting textbooks! They’re can cost hundreds of dollars, and it is cheaper to rent and return the book once you are done with it. Check out Chegg.com or Amazon.com. These are two trusted websites and companies for renting textbooks.There is even an option to get textbooks as an “e-book”, which is even cheaper (and very convenient)! Don’t wait for booksto shipanddon’t worry about sending them back. Plus, paperless is better for the environment!

Sell used textbooks.

There are times when textbooks are not available anywhere and searching forused textbooks has resulted in nothing. If you have to buy textbooksnew, dosome research to see where you can find the best price for the book. When you’re finished with the textbook, sell it back to the bookstore, or another student who needs it for the next semester.Some schools even have Facebook groups or bulletin boards where you can advertise what books you are selling.

Findfree Wi-Fi.

Take advantage of the free Wi-Fi on campus. Schools usually require a school I.D. to get access, but that’s something that you have already as a student! It’s a plus if you forgot to pay the Internet bill, just head over to school and getsome homework done or take a Netflix break.

Use the school gym.

If your school offers a gym or fitness center, make sure to sign up! Most schools go through a process of having a fitness assessment and filling out some easy paperwork to become a member.You can work out, swim, do yoga, or meditate, and then hit the showers.Make sure torenew your membership every semester to get access!

Utilize dollar & thrift stores.

These are some of the beststores to shop at! Not only because it helps you stick to your budget, but also because you never know what’s in store for the day. You can get snacks, school supplies, clothes, and so many other things. Do not be afraid or embarrassed, you can find vintage dorm decor and even cute clothes at thrift stores!

Recycle.

Most cities have a recycling center where you can turn in plastic bottles, cans and glass bottles for its recycling value. This is a great way to get gas money! You can even take the extra bottles and cans left out from your next door neighbor’s party last night.Have fun with it and enjoy the extra moneyin your wallet!

Rent with a roommate.

Rent is more manageable when you are able to split the cost. If you like living with others, this can be a great option, the more the roommates, you have the less rent each person has to pay! It can be fun to live with friends!

Live at home.

Students candecide if they would like tolive on or off campus. If you’re attending a school in your home state, consider living at home and commuting to school! Staying with your parents throughout college years can behelpful when it comes to saving money. Living at home can save you thousands of dollars each year, including rent, food, utilities and more!

Save withyour student I.D.

Your student I.D. can scoreyou some awesome deals and discounts… just for being a college student! Ask around your hometown for recommendations of places that have deals for students. You may be able to find a discount at alocal movie theater, restaurants, coffee shops, and more!Check out this awesome listfor ideas where to get student discounts!

Pay bills on time.

This seems like a no-brainer, but let’s be real… it can be hard to remember! Be strict with yourself regarding paying your bills on time. Late payment fees will increase your monthly payments, and that is more money coming out your pocket! Make a list of all of the monthly bills you have to pay (rent, utilities, tuition, Spotify, credit cards, etc.) and add the due dates to your calendar as an easy reminder!

Find and attendfree events.

Keep an eye out for posters on campus or other advertisem*nts in the area for free movie nights, festivals, concerts, events or parties. Grab your friends and have fun!

If you’re looking to save a little bit of money, these tips can be helpful for anyone, not just college students! Sharehow yousave money in the comments below!

15 Simple Ways College Students Can Save Money (2)Elizabeth isa 22 year old senior attending California State University, Fullerton majoring in Sociology. Shevolunteers at the Department of Social Services and is a part time worker as a coordinator, a gym fanatic, a daughter, a sister, a girlfriend, a best friend, and a go getter! You can find her on her blog, Tumblr, Google+ and Pinterest.

15 Simple Ways College Students Can Save Money (2024)

FAQs

How can college students save money? ›

Ways to save while you're in college
  • Find a part-time job on campus. ...
  • Work closely with an advisor. ...
  • Buy used books or share. ...
  • Share the housing expenses. ...
  • Eat at the dining hall. ...
  • Use your school gym instead of paying for a private gym membership. ...
  • Don't bring your car to school. ...
  • Consider graduating early.

What saves you the most money in college? ›

How to Save Money as a College Student
  • Buy Used Textbooks. ...
  • Cook Your Own Meals. ...
  • Take Advantage of Student Discounts. ...
  • Use Public Transportation. ...
  • Avoid Credit Card Debt. ...
  • Find a Part-Time Job. ...
  • Save on Entertainment. ...
  • Take Online Courses. Lastly, consider taking affordable online classes when you can.
May 15, 2023

How do college students survive financially? ›

On-Campus Resources

If you need help finding a place to live, affording food, securing transportation, or managing other expenses, see whether your college offers any financial support or assistance programs for students. You can contact your school's financial aid office or student affairs office.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the quickest way to save for college? ›

10 Simple College Savings Tips for Students
  1. Apply for scholarships. Scholarships are free money for college that your child doesn't have to pay back! ...
  2. Apply for aid. ...
  3. Take AP classes. ...
  4. Get a job. ...
  5. Open a savings account. ...
  6. Save money instead of spending it. ...
  7. Never use student loans. ...
  8. Choose a cheaper school.
Jul 9, 2024

How to save money as a teenager? ›

8 tips for teaching teens how to save money
  1. Emphasise that saving has a purpose. ...
  2. Set a savings goal. ...
  3. Work out a percentage. ...
  4. Make a 'fun money' budget. ...
  5. Track their spending. ...
  6. Think twice before spending. ...
  7. Help them job hunt. ...
  8. Shop second hand.

What are four steps you can take as a college student to increase your savings? ›

4 money management tips for college students
  • Pay your bills on time. One financial discipline to learn early is paying your bills by the due date. ...
  • Keep credit card balances low. Many students get their first credit card during college. ...
  • Create a spending plan. ...
  • Start saving. ...
  • Find support.
Oct 10, 2023

What are student savings? ›

Student savings is the perfect account for helping children develop good savings habits, with a low opening deposit and no monthly maintenance charge. Interest on Student Savings accounts grows as their balance increases, making it a great option for building college savings.

How to save money fast? ›

Canceling unnecessary subscriptions and automating your savings are a couple of simple ways to save money quickly. Switching banks, opening a short-term CD, and signing up for rewards programs can also help you save money. Making a budget and eliminating a spending habit each day can help lead to long-term savings.

How can I help myself financially in college? ›

To start, create a basic budget spreadsheet which tracks your finances on a weekly basis. Make sure to minimize eating out and rent which often will be the biggest hits to your finances. Before you start earning a steady income, make sure to head to your nearest bank and open a college checking and savings account.

Should I save money as a college student? ›

Start a Savings Account

However, saving money isn't always easy for cash-strapped college students. Even so, setting aside a small amount of money in a savings account each week or month can help you develop a habit of saving – and this is more important in the long run than how much you actually save.

How can college students reduce financial stress? ›

How to Deal With Financial Stress As a Student
  1. Learn the Basics of Personal Finance. ...
  2. Create a Budget. ...
  3. Contact Your School's Financial Aid Office. ...
  4. Reach Out to Student Services. ...
  5. Visit Counseling Services. ...
  6. Consider Part-Time Jobs or Side Hustles. ...
  7. Explore Other Financial Aid Options.
Oct 13, 2022

How much in savings as a college student? ›

A good goal for the amount to save in an emergency fund is three to six months of your expenses. That might sound like a lot, but you can build your savings slowly over time.

Top Articles
Easy to Grow Bulbs; Spring Indoors
These Medicinal Plants Are Just What You Need For A Healthy, Glowing Skin
Spasa Parish
Rentals for rent in Maastricht
159R Bus Schedule Pdf
Sallisaw Bin Store
Black Adam Showtimes Near Maya Cinemas Delano
Espn Transfer Portal Basketball
Pollen Levels Richmond
11 Best Sites Like The Chive For Funny Pictures and Memes
Things to do in Wichita Falls on weekends 12-15 September
Craigslist Pets Huntsville Alabama
Paulette Goddard | American Actress, Modern Times, Charlie Chaplin
Red Dead Redemption 2 Legendary Fish Locations Guide (“A Fisher of Fish”)
‘An affront to the memories of British sailors’: the lies that sank Hollywood’s sub thriller U-571
Tyreek Hill admits some regrets but calls for officer who restrained him to be fired | CNN
Haverhill, MA Obituaries | Driscoll Funeral Home and Cremation Service
Rogers Breece Obituaries
Ems Isd Skyward Family Access
Elektrische Arbeit W (Kilowattstunden kWh Strompreis Berechnen Berechnung)
Omni Id Portal Waconia
Kellifans.com
Banned in NYC: Airbnb One Year Later
Four-Legged Friday: Meet Tuscaloosa's Adoptable All-Stars Cub & Pickle
Model Center Jasmin
Ice Dodo Unblocked 76
Is Slatt Offensive
Labcorp Locations Near Me
Storm Prediction Center Convective Outlook
Experience the Convenience of Po Box 790010 St Louis Mo
Fungal Symbiote Terraria
modelo julia - PLAYBOARD
Poker News Views Gossip
Abby's Caribbean Cafe
Joanna Gaines Reveals Who Bought the 'Fixer Upper' Lake House and Her Favorite Features of the Milestone Project
Tri-State Dog Racing Results
Navy Qrs Supervisor Answers
Trade Chart Dave Richard
Lincoln Financial Field Section 110
Free Stuff Craigslist Roanoke Va
Wi Dept Of Regulation & Licensing
Pick N Pull Near Me [Locator Map + Guide + FAQ]
Crystal Westbrooks Nipple
Ice Hockey Dboard
Über 60 Prozent Rabatt auf E-Bikes: Aldi reduziert sämtliche Pedelecs stark im Preis - nur noch für kurze Zeit
Wie blocke ich einen Bot aus Boardman/USA - sellerforum.de
Infinity Pool Showtimes Near Maya Cinemas Bakersfield
Dermpathdiagnostics Com Pay Invoice
How To Use Price Chopper Points At Quiktrip
Maria Butina Bikini
Busted Newspaper Zapata Tx
Latest Posts
Article information

Author: Greg O'Connell

Last Updated:

Views: 5577

Rating: 4.1 / 5 (42 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Greg O'Connell

Birthday: 1992-01-10

Address: Suite 517 2436 Jefferey Pass, Shanitaside, UT 27519

Phone: +2614651609714

Job: Education Developer

Hobby: Cooking, Gambling, Pottery, Shooting, Baseball, Singing, Snowboarding

Introduction: My name is Greg O'Connell, I am a delightful, colorful, talented, kind, lively, modern, tender person who loves writing and wants to share my knowledge and understanding with you.