College isn’t cheap; as soon as many students set foot on campus they begin to wonder how to save money in college. After paying for tuition, room and board, and books, many students look at their bank accounts and wonder how to not spend money! No worries! The thousands of students who’ve attended college before you have found some great ways on how to save money in college. While saving money for college can help, so can using a money college planner, understanding a college food budget, knowing save money tips, and following how to do well in college. Let’s take a look.
Money for College
Start investigating scholarships as soon as you can in high school. Many local groups offer small scholarships that can be put towards books and other expenses to help with money for college. Other organisations sponsor essay writing contests or art competitions to contribute money for college as well. Take the time up front and raise a bit of money for college yourself — your parents or guardians shouldn’t bear the entire responsibility: it’s your future after all!
Have an after-school job? Take a little out of every paycheck to put it towards money for college. While these savings won’t cover tuition, they could help pay for books and other incidentals. And don’t forget about that college food budget — you’ve got to eat! Every little bit helps when you’re thinking about how to save money in college.
Use a Money College Planner
What’s a money college planner? It’s like a daily planner, but for financial expenditures. A well-organized money college planner can help students identify all costs, track money spent, identify unnecessary expenses, and eliminate them to help students save their money for college rather than spending it on frivolous impulse purchases. It also allows students to input upcoming expenses and figure out how to save for them. For example, if all the textbooks for the first semester totalled $800, it’s a good idea to plan to spend at least that much next semester. Don’t have that $800 in the bank?
Here are some tips on how to save money in college.
College Food Budget
Ah, the college food budget. You’ve likely already signed up for a dining hall plan. The first tip on how to save money: use your dining hall plan to the maximum extent. Skip paying out of pocket for meals. If the dining hall plan doesn’t cover three meals a day, go for the most expensive two and eat breakfast in your room — cereal, eggs, and other breakfast staples are much cheaper than lunch and dinner options. A college food budget should be adhered, too. Going out three or four times a week can add up and hurt a college food budget. So can stopping at the campus convenience store for a soda, power bar, or snack. Keep these items in your backpack and buy them in bulk. A college food budget should never break the bank.
Save Money Tips
One of the biggest save money tips students can utilise is learning to say “No”. If you don’t have the cash in head to purchase an item or attend an event, don’t do it. Want to know the secret to how to save money? Simply don’t. Don’t tell friends you’ll owe them. Don’t put it on a credit card. Pay cash. If you can’t pay cash, then skip the purchase.
Always check to see if you can find required class items used. This includes textbooks, lab coats, and other items necessary for the class. Saving $10 here and $30 there really adds up over the course of a semester.
Make it Yourself
If you’re hungry, make food yourself. Invest in a reusable water bottle and fill it instead of buying from a vending machine on campus. Make your own coffee in the mornings instead of spending $5 every day on an overpriced latte. Eliminating little purchases is a great tip on how to save money in college.
If you attend class and study you won’t need to invest in a tutor! All students know how to do well in college — use this knowledge! If you’re having trouble writing a paper, check to see if your campus has a writing centre — many colleges offer free help to students struggling to write papers. If not, ask classmates and professors for help. Tutors should be the last resort on how to do well in college if you’re concerned about how to save money.
The best way to earn money for college is to work while you’re there. Check out work-study programs or jobs near campus that you could walk to so you don’t need to pay for gas or transportation. Save money you earn and put it towards your college expenses.
Sharing is caring — or, at the least, it’ll help you save money in college. Developing a good social circle as well as a good relationship with your roommate can increase the amount of resources available to you. If you can borrow something instead of buying it, it’s a great action to how to not spend money.
All those cover charges to get into parties can really add up. Everyone wants a good social life, but skip the kind that puts a dent in your wallet and your GPA. Choose your off-campus parties wisely. Skip going to the movies and rent one online instead. Volunteer to work during a campus show to see it for free instead of paying for tickets. You get the idea.
Want to know how to do well in college? Not stressing about money for college can help. Committing to a money college planner can help: knowing your expenses, tracking them, and eliminating unnecessary ones can really help students save money for college. How to save money for college shouldn’t be difficult; it will take a bit of planning and discipline. Avoid temptations on impulse purchases and stick to the initial college food budget. And remember: the rules on how to do well in college are save money tips!