Friday, January 9, 2015

Six Great Tips for Saving Money in College

When students start college, they might find that it's hard to save money for the luxuries that they once had while they were at home. There are some ways that college students can save money on essentials like food and clothes in order to pay for the important bills that are likely now due, such as car insurance or a car payment.


1. Coupons: 

Coupons are an easy way for students to save a large amount of money. There are usually coupons in the mail, in newspapers and online. They can gather a few friends together to exchange coupons one afternoon so that others can save money as well. There are coupons for almost everything including hygiene items, food and clothing.

2. Discounted Programs and Store Rewards: 

I am a huge fan of Amazon. If you were anything like me while I was in school, you never had time to run to the store to pick up whatever you needed. You can even get a free trial and discounted rate with Amazon Prime for Students! Store reward cards are also a way to save money, and there are some stores that are offering discounts on a gallon of gas after spending a certain amount. Also, a lot of store reward programs are great; because, they offer extra coupons for rewards members. However, store credit cards are a bad idea, since the interest rates are astronomical and negate any savings you would get with your coupons!

3. Book Rentals: 

Students can save money on books by buying them used rather than purchasing all new books. Another phenomenal way to save money on books is a book rental service. I am a huge fan of the CampusBookRentals program. You can EVEN rent our YOUR old books, so you can make some money on your old books without selling them back for a meager rate. Recently, some schools also have book rental services that are a fraction of the cost of purchasing books. However, I don't know of a single school in the country that does this yet, and I know that most of those schools are not in it to save you any money, they're in it to make more money for those bookstores.  



Unfortunately, book rentals can be highlighted, but cannot be written in, but it will be worth writing the notes from the book when students see how much money can be saved. If students buy books, they can sell them at the end of the semester to make a little extra money.
Some perks of CampusBooks Rentals are that you can:
-save 40-90% off of bookstore prices
-free shipping both ways
-can highlight in the textbooks
-flexible renting periods

4. Price comparisons on regular expenses:

Another way to save money is by looking at different car insurance quotes. Some companies will offer discounts on insurance for those who are in college. Students should search through several companies before making a final decision in order to get the best rates possible. Look into various phone, cable, and internet companies available in your area, as well.

5. Live off campus: 

Some colleges have a "freshmen live on campus or with family" rule, but for those that go to other institutions, living at home with their parents or sharing/renting an apartment or home with other people. Each person can pay a part of the rent, help with utilities, and purchase groceries or household goods. This is a way that everyone that lives in the home can save money together.

6. Other methods of transportation: 

Students can utilize public transportation as much as possible as well to save on gas. Carpooling is also an option for those who live in a city that doesn't have a quality public transportation system.

What are your best tips for saving money? 


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30 comments:

  1. All great suggestions! Here's a few more:
    If you do live on campus, get the smallest meal plan you can, and use it only for big meals like dinner/lunch. Breakfast is cheaper if you keep stuff to eat in your dorm like oatmeal & yogurt. ALSO use all of your meals!! I knew so many students in college that would order pizza delivered to their dorm every night, even though they had a meal plan in the school cafe! What a waste of money!

    Also for books, some can be available at the library and you can renew them all semester. You have to be quick though, as these tend to get checked out fast once the required book list is released. Secondly, if renting isn't an option SELL your books to other students, rather than selling back to the bookstore. You'll get more of your money back this way, and is also a good way to buy used books.

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  2. My son is in college now. My tips are to apply for a lot of scholarships and go to a state school to save money.

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  3. I come raised from a single-parent family, where the other half (my father) was suppose to pay child support but never did… It is for this reason my mother had to watch what she spent what little income was earned on my sister, her and myself. Money for college has been limited if not vacant; for I have had to sell the great majority of essential items to pay the medical bills resulting from an accident. I really value this information but would have loved to take advantage of some opportunities (selling books to students instead of library). Being I am on very, very limited income - I might have to wait till I have saved enough pennies or I get things through a giveaway! But this is possibly to long to wait as my credits wont last plus I might have to pay other bills! Though this is great and I intend to share the information with other's!

    computertech2you@live.com

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  4. This is some really good advice for our college students. Everything is so expensive now days. Thank you so much for sharing

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  5. Renting books is the best idea. It's not worth it to buy and resell. Just too much work.

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  6. Great ideas! Thanks for sharing!

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  7. My son is nearing the age for college and we are so not ready. He is Autistic so maybe there will be some help for us do to that.

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  8. Great ideas! Students can save money on books by buying them used rather than purchasing all new books!

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  9. we didn't have the book rental option when i was going through school :( but i think it's a fantastic idea if the student doesn't qualify for financial aid.

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  10. These tips are wonderful for my son. He will be moving to Colorado next month and plans to look into college out there. I've tried to teach him some money saving tips from past experience and these will help. Thank you for sharing!

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  11. All great tips. My son did all of those but still have a mountain of student debt. :(

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  12. Where were you 35 years ago when I went to college? I sure could have used those tips (though I was pretty stubborn)..but the only one I actually did was.......live off campus......thanks anyway.

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  13. Very good tips and college is so expensive. CHeck out UPromise too!

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  14. This is some great info. THanks for sharing!

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  15. Those are all good ideas. A little here and there adds up.

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  16. These are really useful tips - it can be an expensive time.

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  17. My hubby and I are both back in college. Your review was very helpful in suggesting ways in which we can save money. This is especially important for us as every penny must now count.

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  18. Great tips, I need to make sure my sons see this blog...

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  20. These are GREAT!!! I have a daughter that just started college and boy are we all struggling! Thanks for the tips!

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  21. Thanks for the tip. College is so expensive now.

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  22. These are all great ideas. My younger siblings who are currently in college use most of these tips already. But what they don't, I will pass on. :) Thanks.

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  23. some great ideas here - it comes as a shock to students that their money has to be eked out each month and never seems to be enough, so these tips should help them immensely.

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  24. Thank you very much for the tips. We do alot of couponing to save money

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  25. Great tips. Wish I'd known some of these in college.

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  26. I think being frugal is important no matter how much money you make. It helps you appreciate your luxuries more and gives you a better outlook on life on what's important. :) Thanks for the tips!

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  27. These tips are fabulous. My son will be heading to college in 5 years, so I'm glad to have these tips now. Thanks!

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Thanks a bunch for your comment love!