Student in Collage

How To Save Money in College – The Right Way

It's the time of year again, when the leaves are turning orange and students are preparing for a brand new school year. You're probably feeling overwhelmed in budgeting your finances for room, books, and tuition. The good news is that you can still save some cash by the end of the academic year. 

It’s the time of year again, when the leaves are turning orange and students are preparing for a brand new school year. You’re probably feeling overwhelmed in budgeting your finances for room, books, and tuition. The good news is that you can still save some cash by the end of the academic year.

Don’t Buy New Textbooks

college textbook

Brand new textbooks are expensive. They can cost anywhere between $200-$800 and even more. Instead of cashing out a book that you may never use in the future, try renting a book instead. A rental may only cost anywhere between $5-$30 per book. Plus, you can see highlights and notes from previous students. This will give you a leg up in your studies because the work has already been done for you.

Limit Eating Out

Cooking Indoors

The temptation to eat out with friends is real, but it doesn’t mean that you should be making it a habit. If you’re under a meal plan, you should use it. Don’t supplement indoor food with junk food such as snacks and cup ramen. They are empty calories that won’t make you feel energized. Instead, cook yourself a hearty meal that lasts you throughout the day. You can find affordable healthy food such as broccoli, onions, sweet potatoes, canned tomatoes, and butternut squash that can cost up to $2-$4 per piece.

Study Hard In School

Student studying hard

Unfortunately, studies have shown that majority of students do not graduate on time. Whether it be a semester or a year, being behind can be another big expense. To avoid, this, be realistic with your time. If you’re partying too much or you’re working in multiple jobs, make sure to set a couple of hours to buckle down and study every day. If you don’t know how to get started, take advantage of the school’s academic services to keep you on track.

Find a Roommate

School dorms

Choose your housing carefully. The more you are willing to share a living space with a student, the dorm rates will be cheaper. You can also decide to split the dorm rate with your roommate. Make sure to check out the room size too, because that also factors into living costs.

Apply for Scholarships Every Year

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If you can, check out your school’s website constantly for any updates on scholarships. There may be scholarships for athletes, veterans, or honor students. You’ll never know what you may be qualified for, so make sure to ask the school administration for any possible scholarships.

Want to learn more life hacks? Here are a few articles that might help.

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