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Published by on Tuesday, June 11, 2013 at 10:54:00 AM

Top 10 Money-Saving Tips for College Students

money saving tipsCollege tuition costs continue to rise, making it harder for students to pay for housing, food, books and entertainment. Making financial ends meet while attending classes can be difficult, but if you plan well and make budget cuts wherever possible, it can be done.

Here are 10 ways to cut the monthly bills and help any college student save money:

1. Grants are Great—

If you aren’t using a scholarship, look into potential grants before you take out a student loan. Grants don’t have to be paid back, so you can make post-college profits faster than those with monthly student loan payments.

Applying for a grant is easy as filling out a Free Application for Federal Student Aid (FAFSA) online or through your financial aid office, and can save you major money if you qualify.

2. Read My Lips: No New Textbooks—

Whatever you do, don’t buy new. There are textbook rental companies who will allow you to rent books at much less than the cost of new. Technology is also your friend, with e-books bringing the prices down even further when available.

Your next cheapest option is to buy used textbooks, so find places to purchase them, and be sure to sell them back at the end of the semester to recoup some of your money.

3. Skip the Restaurants—

Cook meals at home; preferably in large amounts that will save you prep time and money if you can turn them into multiple meals. Freeze what you can’t eat (or get tired of eating) so it can be utilized at a later date.

Eating at home tends to be healthier for you as well, which will boost your immune system and save you dollars not spent on medicines and doctor visits.

4. Credit Cards are Evil—

Okay, maybe credit cards aren’t inherently evil, but they have gotten many an innocent college student into debt way over their heads, which is a pretty crummy way to start your grown-up life.

Remember that while instant gratification is always fun, you will pay much more in interest charges later for what you charge today. If you’re trying to build your credit score, only buy with a credit card what you can pay off immediately.

5. Monitor Your Money—

Stay cognizant of your spending to prevent unnecessary purchases. There are plenty of free financial apps available for iPhone or Android devices, or you can monitor money the way your ancestors did, with paper and pen.

6. Be Car-Free—

Cars cost a lot, and without one you will avoid insurance, maintenance and gasoline costs, parking permits and registration fees, which can really add up. Try to live on or near campus if possible, ride a bike, or take advantage of public transportation if your city provides it.

7. Don’t Skip Classes—

You’re on your own for the first time ever, making it tempting to goof off, but those classes are costing you, and if you don’t pass them, you’re not getting your money’s worth. Many professors give attendance points and pop quizzes to discourage skipping, so be self-disciplined, smart and show up.

8. Work Well—

No matter what you’re doing to pay the bills, remember that any job worth doing is worth doing well. Be on time and work hard while you’re there because management will notice and reward you for this behavior.

9. Don’t Be Impulsive—

When you see something you want to buy, give yourself a waiting period of a few days before you buy. Research online to make sure you can’t get it cheaper elsewhere, and decide if you really need it or just want it. If you don’t need it, walk away.

10. Find the Deals—

Furnish your dorm room or apartment with thrift store or consignment furniture rather than new. Buy food in bulk and freeze everything you can’t eat immediately so it doesn’t go to waste. Coupons can also be found online, so be sure to use them.

College is expensive, making living on a tight budget especially important, but it’s also supposed to be fun. Use the money-saving tips above to spend less on the boring bills and create extra funds for entertainment. You may not have been born rich, but with some smart budgeting, you can have an enjoyable and stress-free student lifestyle.

Joseph Francis is a professional blogger that provides information and advice on car title loans and title pawns. He writes for TitleMax, a title loans store with locations nationwide.
Published by IzajAhmed Shaikh.
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I am, Mr. IzajAhmed Shaikh, Computer Professional, and Pro. Blogger, who belongs to Shahabad, Karnataka India. My basic Qualifications are B.Sc., and M.C.M. done from University of Pune, formerly known as, Poona University, also like to write articles based on my personal experiences.