Top 5 Ways for College Students to Save Money

Top 5 Ways to Save Money during your college years!

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By Shelly B.

Most college students often live on a tight budget. However, we can always find a way to save a few dollars. For college students, the idea of saving should reflect future financial discipline and being aware of spending habits and cutting out on them. Below are some of the best tips to help you as a college student save money.

1. Make sure to always sell textbooks

Textbooks are expensive but often we have to buy them regardless! Students can be careful not to cause damage to their textbooks other than the normal wear & tear. Then, after the semester is over, you can sell your textbook to other students looking for used rather than books. This brings us to some other ways that students can save money on textbooks. First, you can always try to buy used (as much as you can) rather than buying books brand new. Like with cars, brand new books' value depreciates immensely as soon as you use it.

Top ways for college students to save money: always sell your textbook

2. Use On-Campus amenities

Often times, your (very high) tuition costs come with perks such as free massages during the year on campus, an on-campus gym, discounted sports services, etc. Take advantage of these activities offered on campus rather than going out of your way and incurring costs outside. This way, you will be saving on the money you could have spent on the same activities outside the campus. Tip: Spend some time to look at what perks are included in your tuition!

3. Choosing your housing wisely while in college

It would cost you less as a student to live in the school facility (dorms) rather than renting off-campus apartments. Ideally, you can save on money by choosing to have a roommate and split costs.

Top ways for college students to save money: choosing your housing wisely

4. Take advantage of public means of transport or college buses

This way, you will save on the money you would have spent on parking, gas, and insurance. Consider choosing affordable means of transport and limit expenses that come with personal cars.

5. Get a part-time job considering your class schedule

There are numerous opportunities that a college student can use to make an extra dollar. Align your classes well and identify free times that could help you earn extra money. ideally, you can take advantage of resources offered at schools such as tutoring and academic advising to make money and save.

If you are wondering how to save some money during your college years, these above steps can be a good place to start!

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Shelly B.

Shelly is a personal finance writer with experience in writing about savings, investing, and money-management!

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