10 Money-Saving Tricks for College Students
Do you feel frustrated about your spendings? Would you like to save more but you you have no clue how to start?
You are not alone. Thousands of students all over the world feel the same. That’s totally fine. Here’s the thing you need to know. Your money-saving habits can make a world of difference. So start to develop them ASAP.
You may think “Ok, great. But how do I do that?”
Start small. Use these money-saving tricks. Then develop them into habits.
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Tip #1 – Start to Keep Track of Your Spendings
The first thing that you need to do is to start measuring your spendings. It’s quite obvious but very few students really do this.
One of the easiest ways to track your spendings is to download a personal finance app. Every time you purchase something, take a note into the app.
In 2-3 weeks, you’ll be able to see a clearer picture of where your money goes. Once you know all your major spendings you’ll be able to think of how to cut them in a smart way.
Tip #2 – Don’t Buy New Books If Possible
Avoid buying new books. You can use free books in your college library. It will help you save dozens of bucks.
Of course, you’ll really need to buy some books. However, you can try to find used books or buy them from other students who already don’t need them.
Tip #3 – Save on the Gym – Use a Campus Gym
If you do workouts, you may be visiting a gym. Why not use your campus gym instead? It’s free and it has almost everything you may need for basic workouts.
This tip can save you around $800 a year. Not a small amount, right?
Tip #4 – Cut Your Bills
The next tip is to find out how you can cut your bills and actually cut them. Can you minimize your spendings on the cell phone? Maybe there are more affordable tariffs/plans and you can switch to them.
Do you really need cable TV? Mabe, it is high time to evaluate your cable bills?
Tip #5 – Look for Student Discounts
This is a real deal. There are so many ways you can save on different things being a student. You just need to be aware of all the privileges that you can enjoy as a student.
Use your student discount on transport to cut the fees. A lot of stores and outlets offer discounts for students as well. Museums, national parks, cinemas can offer solid discounts for students as well.
There are also sites that help you find the best discount for students.
Tip #6 – Save on Food and Meals
Avoid expensive meals. Of course, pizza may taste awesome. But if you’d like to save some cash, you’d better buy food and cook it on your own. Avoid also drinking coffee every day at Starbucks. It can save you $1000 a year or even more.
Tip #7 – Rent an Apartment Together with Other Students
If you live together with other students in the same apartment, you can split the monthly fee. It’s a no brainer, right?
Just think about it. If you live together with another 3 classmates, you’ll need to pay 4 times less for your rent.
That’s a really great way to save. Don’t overlook it.
Tip #8 – Use Coupon Sites for Special Offers and Discounts
Coupon sites can be a great way to save money. They have tons of special deals. So you can monitor them on a regular basis. Once you find something that matches your needs, you can use their special offers and discounts.
You can find 3 or 5 coupon sites and add them to your bookmarks. This way, you’ll be able to save hundreds of bucks.
Tip #9 – Quit Bad Habits
Bad habits are actually bad not only for your health but for your wallet as well. cigarettes are not cheap. Especially if you buy cigarettes produced by famous brands. The same is true when it comes to alcohol.
Another thing is that the more you smoke or drink, the more addicted you become. The more addicted you become, the more money you spend on them. It’s a vicious circle of all bad habits.
Tip #10 – Don’t Party with Your Friends Too Much
If you’d like to save even more, don’t party too often. Don’t party hard. Especially if you get drunk, it’s easy to lose control.
In this case, you can spend a lot of hard-earned cash. And you won’t even remember this. That’s a real trap. If you’d like to save more, you need to take this under your control, right?
Here you go. Now, you are armed with 10 awesome tips that can help you save tons of money each month.
What’s next? Try them out and see what works for you best.