We all know that attending college is pretty expensive. Tuition, books, laundry, groceries, and other day-to-day expenses add up quickly. So, if money is tight each semester (or not), creating a budget will help you to save more funds over time, start by recording your daily spending.
Plan out next month’s expenses, income, and consider these ideas below to spend less that will help you to save money, especially for emergencies.
1. Find a work-study or part-time job. Many colleges and universities offer opportunities to work for 20 or more hours a week to help pay for school expenses. Postings of jobs may be at the student or job center, dorm, or other high traffic areas on-campus.
2. Buy used textbooks. Search for used books at the on-campus bookstore or online at sites such as Amazon, Barnes & Noble, or CampusBooks.com. You can still sell your books back once you are done using them.
3. Use student discounts. Take advantage of deals and offers on clothing, entertainment, groceries, and more by showing participating merchants your student ID.
4. Apply for scholarships. There are various scholarships available based on your interests, skills, and academics. Visit fastweb.com to search more than 1,000 financial awards.
5. Pay bills on time. Avoid late fees by paying your bills on time. Set reminders on your phone when each bill is due or schedule auto-pay on your accounts.
Do you have a hobby that you are excellent at that you can make extra money? Continue to find ways to boost your income if necessary.
What are some other ways that college students can save money? Share your money saving tips on our Facebook page.