Student loans tend to amount to huge quantities of debt, which can leave you as a student scrambling financially after graduation for not only years but also for decades in some years down the line. While you are still in college, you might feel that student debt is quite normal, but as a student, you must look for ways to save money so that you can use it for your future studies or so. Saving in college might seem like an unattainable task, but in reality, it just isn’t. All you need to do is follow some of the steps given in this blog.
This post is all about 10 money saving tips for college students:
1. Have a budget
Firstly, as a savvy student, you need to create a budget that consolidates all of your income and expenses in one easy to access location. You are most likely able to stick to a budget if you track your spending and gauge what you truly can and can’t afford while you are still studying if you take the time to create a budget.
2. Use money-saving apps
All of us today use smartphones more or less then why not use money-saving apps that can have a major impact on your spending. The best part about these apps is that they allow you to stay on your budget. Additionally, they also help you keep a tab on food expenses, and you can save money there also.
3. Buy books online
There is nothing surprising to know that when you visit physically to buy books, you are most likely to spend way more than just buying books online. Thanks to technological developments today you can buy almost anything and everything online with just a click of a button. Then why not save money by buying books at low prices. Additionally, you can also choose to rent textbooks.
4. Don’t go for impulsive buying
It is easy to break down and buy that funny shirt you don’t really need if you are at a store late at night and feeling mentally exhausted from school. You can also try taking up the habit of always writing down what you want to purchase so you can save funds also. When you make a list of what you want and don’t want, you can prevent this impulse buying process.
5. Separate money and fun
Firstly you need to know that you don’t have to spend your money on entertainment. You will open up a whole new world of affordable activities if you separate these two things in your mind. Instead of wasting money on materialistic things, you must look for free events, public concerts, or movies, go on a hike on a local public trail. You can visit a park or even join some, and the point is there are a plethora of ways to have fun with just a little amount of money.
6. Hunt for student discounts and make the most of it
All of us are aware of this point that many companies today offer student discounts because students make the most of the customers. So as a student, even if you want to watch a movie or so, you must look for half the price of a movie ticket or make the entrance fee to a park significantly cheaper. Above all, you must have your student ID handy and also keep doing some research and asking around if you are not aware of them.
7. Consider consolidating your streaming media
Who doesn’t like to binge-watch series, I guess all of us, and as students, you might feel the need to binge-watch of some series, including Office, again or watch the latest episode of The Walking Dead on a regular basis, and it is quite acceptable because you might be bored of your routine classes or studies so if you feel you are just bored, then binge-watching is a great option. But at the same time don’t forget about your budget because you can’t go overboard. You don’t stress because there is a midway out here, too, as you can choose to consolidate your streaming channels as there is no need to pay for ten streaming services at once. All you need to do is narrow down your options to one or two services at a time based on what you want to watch, and cancel the remaining. You can add the left out options in the next cycle.
8. Use various types of transportation
You don’t need to bring your own set of wheels to campus even though you have your own car may be a rite of passage when you turn 16. If possible, you can choose to walk to the campus instead, or you can use apps like Uber and Lyft so you can save money on your travel and also stay on budget.
9. Choose to work part-time
You can solve the issue by working freelance work or applying for a part-time job if you feel you are going through a financial crunch. It can offer a trickle of cash that can at least help cover living costs until you graduate, even though these won’t help you save a lot of money.
10. Consider graduating work or getting a degree online
Lastly, you can consider some ways to minimize the cost of your college itself. Like you can consider taking some extra classes. The main aim is to add up to significant savings, and for the same, you need to cut your time on campus down by at least one semester or two. You can also choose to study online and completely ditch the campus study. From Business degrees to Nursing majors and more, there are a plethora of online options that provide a quality education for everything. You just need to ensure the learning style before you choose this type of program.
Did you discover some new money saving tips for college students? If you know any other money saving tips for college students, let me know in the comments below
xoxo Saturday Life Girl
If you enjoyed this check out: 12 ways to make money in college