Friday, August 14, 2015

9 Money Saving Tips for College Students on a Budget

By Naimeesha Murthy
World Education Services

College can be expensive, but educating yourself about the basics of money management means that you don't have to graduate with debt. Between rising tuition and the high cost of living today, college students are living on a tight budget. Don't miss these nine tips to save money in college:

1. Purchasing new textbooks isn’t the smartest way to go about saving money on a tight budget. You should either buy or rent used textbooks and sell last semester’s books back to the bookstore to keep your expenditure low.

2. Student IDs go a long way when it comes to saving. You can often get discounts by showing your student ID for activities such as movies, music shows, shopping, museums and live theater, as well as drink specials at coffee shops and bars.

3. While quickly buying coffee from a store on the way to class is convenient, be aware that shops tend to charge hefty prices that add up over time. Try making your own coffee – but splurging once in a while is okay!

4. Eating out is expensive, so try and cook at home as much as possible, and cook big meals that last you a few days.

5. Live with others so you can split the rent and other utilities like electricity and gas.

6. Look into joining a campus gym versus a local gym. Many colleges offer memberships for free or at a reduced rate for students.

7. Sell what you no longer need or use; don’t just throw it away. There are websites like Craigslist that allow you to sell your used furniture or items.

8. Always pay your bills on time to avoid late fees.

9. Go to class. You’re paying for it, so skipping it is like throwing money away!

Have more tips to share? Tell us by commenting below, or engaging with us on Facebook or Twitter.

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