For college students, being out on your own can be very exciting. You’re finally on the way to starting your life, and away from your parents! However, with the new found freedom comes great responsibility: learning how to spend your money wisely. Here are some tips to help you learn how to save money.
1. Attend campus activities- Colleges offer a wide variety of on campus events for entertainment, such as movie or game nights, and musical performances. Instead of going to the movies or the mall (where you will be spending money), go to the campus events since these are typically free to students.
2. Rent or buy used textbooks- These options tend to be significantly cheaper than buying your textbooks new.
3. Pay bills on time- Forgetting to pay a credit card or phone bill can result in extra late fees, which in return means more money you have to spend.
4. Make your own coffee- Energy is definitely needed for those long days in class, but consistently buying your coffee at coffee shops can add up with those expensive prices. Instead, try to make your own coffee in your dorm or apartment to take with you to class.
5. Buy generic products- If possible, buy the store brand generic products when shopping for food and other necessities. Think about what name brands you can live without, and switch to the generic brand!
6. Bring your own snacks to class- Instead of eating out, or on campus where your meal plans are not accepted, try to pack your own food and snacks to eat in class or when you have a break between classes.
7. Don’t bring a car to school- If you can live without a car on campus, you can save tons of money on gas and campus parking passes if you simply do not bring your car to school. Try to use public transportation, or even ride a bike or walk if where you need to go is close to your college.
Remember, to bring in extra money, you can always talk to your school’s career center. They can help you to find a job on campus and even off campus if you are in need of money and have the ability to balance school and a job.