student discount

6 Ways to Save Money When You’re in College

It may seem that saving money in college is a dream that can’t be brought into life. Students have to pay for studying, buy food, clothes, textbooks, and other educational materials. No wonder that the majority of them think that saving money while studying in college is impossible. In such situations, the majority of college students prefer to find a top-paying side hustle and forget about all financial difficulties and other hardships. But not all people can juggle studying and work; freshmen can’t even dream about getting some extra money this way.

We decided to share some tips on saving for college with students who are already obtaining their degrees and those who only plan to enter college this year. Planning college expenses is an important stage of preparation for college. Today we’ll teach you how to save money and live life to the fullest. Be sure that neither you nor the quality of your life will suffer.

1.   Find a scholarship

No matter what college you enter, you have the opportunity to obtain a scholarship. However, it can be difficult enough to understand the types of scholarships for the first time, but if you need money, you’ll do it fast. Applying for financial aid is okay, there’s nothing to be ashamed of. Check the guide on finding the proper scholarship, and you’ll certainly find suitable financial aid and get it. You may not get it on the first attempt, so continue applying. Sometimes it will require you to show outstanding results and maintaining a high level of academic performance, so don’t forget to attend all lectures and submit all assignments.

2.   Opt for used or electronic textbooks

The average student spends money on textbooks. New textbooks cost a lot and take into account that students have to purchase them at the beginning of each semester. Fortunately, colleges go digital and allow students to use tablet PCs, laptops, or even smartphones to store all educational materials.  Some students opt for purchasing used textbooks that cost twice or even three times cheaper than new ones. It’s up to you to choose a suitable strategy, but remember that new books aren’t a suitable option for you.

3.   Stop spontaneous purchases

We understand that when you’re young, you want to buy everything you see in shops: new clothes, the latest iPhone, other trendy things. However, in such moments students forget they need money for living. That’s why we advise you to carefully think about each big purchase you plan to make. Ask yourself whether this thing is necessary for you now, can you live without it, and so on. Perhaps you can wait for some time and buy it later when you’ll have more money to spend? Such an attitude towards purchases will help you to save a lot of money.

4.   Find on-campus jobs

There are college teachers that don’t approve of students working somewhere, but when they see that their students work on campus, they change their attitude. The majority of colleges can boast of offering on-campus job opportunities to all students who need some extra money. The number of hours you can work isn’t limited in most cases. Students often work as baristas, library attendants, assistants in campus facilities, etc. If you worry that you won’t have enough time to study, you can always hire a paper helper to assist you with it. Students who work on campus are hired by the college, student organization, or private contractor who has business on campus.

5.   Take the most out of your status

You’re a student. You have a student ID. Don’t tell us you don’t plan to use it because saving money without getting some advantages out of students’ discounts makes no sense. If you think that the shops and online marketplaces you use don’t offer any student discounts, you’re wrong. You just mustn’t hesitate and ask about the opportunity to get a discount. However, it doesn’t mean you should buy all the goods you see just because the seller offers a student discount: it’s not so large to start spending money mindlessly. You still must remember about the responsible approach to your purchases.

6.   Find entertainment in your town

College students spend a big part of their money on having fun, and it’s okay since being overworked and loaded with responsibilities without any rest is a way to get emotional burnout. Visiting shopping malls, festivals and other expensive places is very popular, but if you plan to save money while studying, it’s not an option for you. You moved to a new town and everything here is foreign to you. We are sure that even small towns have some free or cheap entertainments to offer you: the key thing here is a strong desire to explore them. Ask local students about the ways they entertain themselves here without spending much money and they’ll help you.

About the Author

Karren Brandenburg

Karren Brandenburg is a travel and shopping expert. She has been quoted in Street Insider, Yahoo Finance, Reuters, ABC News, and MarketWatch. Karren has a total of 18 credit cards, using reward points to see the world on a budget.