I recently talked about various ways to make money in college. Today I am going to help you with how to save money in college. It’s no secret that getting by financially in college is tough.I know because I went through 4 years of getting by on close to nothing. In fact, many of these tips for how to save money in college are things I would do to save money.
Below are 15 ways for how to save money in college. Use them all or just pick a couple to start saving money today!
15 Ways For How To Save Money In College
#1. Car Pool
Gas costs money. The less you drive, the more you will save. So, make it a point to carpool with others that have cars. Take turns driving to the mall or the grocery store to save gas and money. To take things even further, enroll in online courses to minimize the amount of time that you will spend in a car.
If you can take the majority of your courses online from the comfort of your own home, you will not have to worry about paying for gas when driving to your classes or parking once you arrive.
Even those who are working towards an advanced degree, such as a MA in Economics or a MS in Nutrition Education can take advantage of online learning and save some money on the cost of commuting in the process.
#2. Buy Groceries In Bulk
Buying in bulk can save you a good amount of money. The only catch is to make sure that a bulk deal really is a deal. Some items are worth it. I would shop at Costco a few times a year. I primarily bought cans of green beans and other non-perishable items that I knew would last me and take my dollar farther.
Over the years, I’ve figured out some great ways to save a ton of money at Costco.
#3. Buy Used Textbooks
Unless the textbook is a brand new edition, you should always be buying a textbook used. The price of new textbooks is outrageous. Save your money and buy used. Sometimes you’ll even get lucky and get a copy with good notes in the margin and key parts of the text highlighted.
#4. Rent Textbooks
This wasn’t around when I was in college, but I would be making use of it if it was. For any course you take that isn’t related to your major, I would encourage you to rent a textbook. Why not rent books in your major? Sometimes, it is a great book and you want to keep it. For this reason, buy used books for your major and rent everything else. The savings will be substantial.
#5. Buy Generic
You don’t need name brand groceries while in college or even after college. The store brand versions of food have come a long way. I would buy store brand cereal and couldn’t tell the difference. Same thing goes for frozen vegetables. Give it a try, you’ll be surprised at how good they are.
#6. Buy Used
When furnishing your dorm or apartment, buy used. You don’t need a brand new sofa. You are a poor college student. I can still remember a blue recliner we had my sophomore year. It was the most comfortable recliner I have ever sat in. I would give anything for that blue chair today!
The same can be said for your clothes. Hit up the thrift store. I did this in college and got some great t-shirts and dress shirts for dirt cheap.