8 Ways to Save Money in College (You Can Start Today)
Did you know that eating top ramen at every meal every day would cost less than $150 for a year?
Although it’s a college lunch staple, there’s no need to give up your meal plan and stock up on pasta because there are plenty of other ways to save money for college.
8 ways to save money in college
Here are 8 sure-fire ways to save money for college to start today!
Although this may sound boring, this is one of the most important steps to save money.
Making a budget for yourself is one of the key ways to save if you’re wondering how to save money as a college student. Taking a little time each week or month to create a plan for where your money is going will help you stay frugal and responsible.
Housing can be a pretty hefty cost for most schools. While it’s normally nothing compared to tuition, the place and type of housing you select can still greatly affect those college payments.
You can commute from home or a more convenient off-campus location if you can avoid tuition fees. If you don’t want to move, a roommate (or two!) usually lowers housing costs, as does the choice of apartment-style rooms and a shared lifestyle.
Where you go and how you get there can also make a big difference in your education costs. You need to figure out what works best for you in terms of public transit, car ownership, and carpooling.
If you live on campus, you can save big on gas and insurance by carpooling instead of owning your car. Plus, you can meet new carpool friends!
Although it can be tedious, completing the FAFSA is a great way to find out how much money you could receive in federal aid. It takes time, but if you hope to get financial support this way, it’s worth it in the long run.
You only have to do it once a year, so biting the bullet and refilling when the time comes isn’t such a bad thing.
Saving money is one of the benefits of renting textbooks rather than buying them at full price. Both solutions have their advantages, because you resell them and save on textbook rental.
Depends on what suits your preferences best!
Although ramen was a joke a while ago, how you spend on food is a great way to save money while you’re at school.
Limiting the time you eat out with friends can save you money (especially if you’re on a budget!). You can also look at the different meal plans your school offers and see if there are cheaper options than this diet.
Scholarships are one of the best ways to save money in college. Winning scholarships is like receiving gifts when you work hard at something!
However, this means that you have to work very hard to do well in school and look for other scholarships to apply for. Normally, schools award scholarships that can be applied for every year and there are countless scholarships that students from all over the world can apply for.
Working on or off campus can help you earn a steady income while you study. Then you always have a certain amount to set aside and gradually save, and a portion to spend from time to time.
Many universities offer on-campus employment opportunities and professional degree programs that may be of use to you. And don’t forget the magic of private jobs like babysitting!
Work is paramount to being able to save and spend wisely.