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Are you spending too much in college? Do you still wanna have fun though? It’s ok you can still have fun and learn to save money in college and not spend all your, or your parents’, money so quickly.
Take a look at some of these tips and advice I have. I followed these methods a lot after I turned 21, as you can guess why 🙂 Anyways, let’s get to the list so you can start to save money in college and not waste time!
Tips To Save Money In College:
1. Don’t Buy New Textbooks…EVER
I never buy textbooks brand new. I made that mistake my first two semesters in college and then made sure I would never do it again. Why? For two reasons, one, my course would say a textbook is required online and I would buy it only to find out from the professor that we don’t actually need it.
Or, second I would talk to other students in the class and they would tell me how much they got it for since it was used from someone else that took the class a semester ago.
So in most situations, you can probably get a used book from someone else. Join your university’s Facebook group, I’m sure you’ll find someone who’s selling the textbook you need for much cheaper than buying a new one.
Even if it’s an older edition doesn’t mean you can’t buy it, ask your professor and most times, it’ll be fine to get the older edition as well. New textbooks for college courses are super expensive, so just try to save yourself some money if you don’t really NEED the new one.
2. Spend Less On Alcohol
I know, but it’s money you will never get back and in return you’ll have one night of fun. You don’t need to completely stop having fun, but maybe you could go out with your friends and drink once in a while instead of every weekend.
You will save a TON of money by going out even one less time every month. And who knows maybe you’ll even be a little more productive. Two in one!
3. Cook Just A Little More
If you don’t know already, cooking is very therapeutic, or at least it could be depending on your perception of it. Once, you actually start making decent meals, it’s more fun. So try making a very simple dish. Experiment with a few different meals and see what you like.
If you enjoyed what you cooked, you can make that meal in a batch and possibly have like 3 meals covered, saving you around $30! Eating out can get expensive real quick and this is an easy one to save money in college!
So just like going out one less time, eating out one less time will have a big impact on your monthly savings. Which you can later turn into investing!
4. Go To Starbucks A Little Less
This is another easy one to save money in college and it might hurt some people a little. I know it’s easy to just grab a drink from Starbucks before your 8 a.m. class. But, Starbucks takes and will keep taking your money if you keep going there.
One drink costs about $5, that’s a lot for a cup of coffee! And if you’re going every day that’s $35 a week, you could’ve bought coffee to last you for a month with that much money! It might not seem like a lot of money but you have to remember that it all went to just coffee.
5. Choose Your Living Situation Carefully
If it’s your first year in college and you’re living in a dorm, then it’s not a big deal. It’s a great experience. But, you could be living a lot more comfortably and saving a lot more money if you live in an apartment. You simply pay a lot more to live in dorms for the convenience of being super close to campus.
But, most college towns and cities have a free bus system, sometimes just for students. You can take advantage of that, the only thing you’ll have to give up is 20 more min or so of sleep, but you’ll be saving possibly hundreds of dollars a month.
Also, when picking an apartment, you don’t need to go all out and get the biggest one with the jacuzzi, granite tops and a game room. You can earn the nicer things when you get a real job and you work full-time. For now, all you pretty much need is a standard apartment with you own bedroom. You’ll save the most money with just this one.
6. Track Your Credit/Debit Card Expenses
It’s easy to keep swiping and forget that you still have to pay for all those things you just bought. When you have a credit card or debit card it could be easy to keep buying stuff without realizing how much you’re actually spending. So I would strongly recommend just checking in on your credit card and debit card statements once a week. Just to make sure everything looks fine and you still have money available.
7. Take An Advantage Of Your Student ID
Try to get a student discount everywhere with your ID. You’ll be surprised at how many places you can get a discount at by just having a student ID. It doesn’t hurt at all to try though. Here is a great resource to check once in a while when you’re shopping. It’s a list of places where you can get great deals if you’re a student! Check it out here.
8. Rarely Or Don’t Ever Go To The Movies
Movies have gotten way too expensive nowadays. It’s like $12 for a standard movie, not even 3D or IMAX. That’s ridiculous! So I pretty much stopped going to the movies now, unless there’s some special or something going on. At some places they offer $5 movies on Tuesdays, so try to look that up instead of spending $12 or more for a movie.
Well there you have it, these are some tips on how to save money in college. Try to remember these 8 simple tips every semester when you look into your account and realize you need to start saving money.
Do you know any other simple ways to save money in college? Comment Below!
I hope you enjoyed this post and found it useful. Feel free to leave a comment if you have any questions or anything, I’ll be glad to address them! Also if you enjoyed reading this, then consider subscribing to Parhelia Finance’s email list below and sharing it on social media!