Between buying textbooks, paying for food, and putting money towards tuition, it’s easy to see the importance of saving money in college. Getting a job isn’t always the most convenient option, especially because it means taking time away from your studies. If you have a huge course load and limited free time, finding ways to save money rather than earn more is your best bet. It’s a lot easier than you would think, and there are tons of ways to incorporate saving into your daily routine! Here are some tips on saving money in college, and ways to budget the money you’re no longer spending.
1. Buy used textbooks, and sell them back.
There are some great websites and stores out there that sell used textbooks at a fraction of the cost of new ones. When your course ends, you can sell them back, or find a friend that needs the same book for the upcoming semester. I’ve been using Chegg.com for my textbook needs; it’s super convenient, and you can rent books as well!2. Sell things you don’t need anymore.
If you’re like me and have a closet stuffed with old bags, games, and random things you bought 5 years ago and never used, take some time to go through that pile of stuff, and sell it. Even if you only make a few bucks off it, you have more cash in your pocket, and less stuff in your closet.3. Get rid of old clothes.
Whether it’s taking them to a store like Plato’s Closet, or selling them online at websites like Threadflip, there are tons of ways to make money off the clothes you don’t wear anymore.4. Cut down on shopping, and spend less.
With the long list of payments you need to make for college-related fees, shopping shouldn’t be on the top of your priority list. That said, when you do go shopping, here are some tips on spending as little as possible:- Always shop with a purpose. If you set out on a shopping trip with a specific item in mind, you’re more likely to leave with just that item, rather than a bag full of things you didn’t really need.
- Shop at discounted stores, like Marshall’s and Ross, or other thrift stores. You can find the designer brands you love to wear at a much lower cost, leaving you with more money to put towards tuition and other fees.
- Buy used. While this can go for clothing, it can also go for more costly items, like electronics and appliances. Craigslist.com is my favorite place to shop for used items, because people are constantly putting up new listings, and they make it easy to find people in your area with the things you need!
5. Ask for student discounts.
I was amazed when I discovered how many of the stores I shop at give out student discounts. Most are between 15 and 20 percent, which really adds up if you limit your shopping to those places. I’ll make a post soon about the shops I’ve found that offer student discounts, but a few notable ones are J. Crew, Banana Republic, and Ann Taylor.6. Make a list of things you want and their prices.
There’s a huge differences between wants and needs. On a budget, it’s harder to buy those “wants”, which is why creating a list of them may help you decide which things you can do without. I like putting an estimated price next to these items, because it’s easier to see how reasonable it is for me to buy them.7. Make your own stuff.
I’ve found that making my own things, like face wash, cards, and jewelry, saves me a ton of money. Whenever a friend’s birthday comes around, I usually make a few things for them rather than going for the typical Starbucks gift card route. It costs less, and they always love getting something unique!8. Reuse things you already own in your dorm.
There’s no need to go spend $300 on new dorm accessories when your room at home is stocked with things you’ve already bought. Room supplies can be costly, especially bedding, so shop at home first before you hit the stores!