As a college student, finding a little extra spending money can turn your whole week around. The good news is, even with a tight budget, it’s more than achievable. By being smart about where you spend, you can easily save more throughout the school year. So, now that we have learned how to create a budget for college, let’s take it one step further with some practical tips to help you stash away those extra dollars:
- Make Wise Housing Choices
There’s a wide range of housing options near universities, from on-campus dorms to off-campus apartments and houses. When weighing your choices, it’s crucial to think about your monthly rent. Living with roommates is an excellent way to split costs and lower that monthly payment.
Also, consider how far you’ll be from campus. Are you close enough to walk to your classes, or will you need to drive? If driving is necessary, don’t forget to factor in the costs of gas and on-campus parking into your budget.
- Be Strategic with Your Food Budget
Food expenses can add up quickly, but a little planning goes a long way. Cooking at home not only helps you stick to your food budget, but also ensures you’re getting the nutrients your brain and body need to thrive in college. Buying in bulk gives you a serious bang for your buck. If you’re worried about things expiring before you get to use them all, split items and costs with friends or roommates!
Your university also likely hosts various events, like club meetings or fairs, that often include free food. Keep an eye on your school’s calendar and check your email to find these opportunities.
- Seek Out Student Discounts
Many businesses offer student discounts, so it never hurts to ask! Just be sure to keep your student ID handy for proof. Beyond local shops, your favorite streaming services, music platforms, or other online stores may also have special student pricing. Do a quick internet search before purchasing anything, and check out this list for a good place to start: 80+ Student Discounts.
- Take advantage of campus amenities
Your tuition often covers access to campus amenities like rec centers and transportation systems. Rather than spending your own money on another gym, take full advantage of the facilities you already pay for. Additionally, check out free entertainment options provided by your college, like concerts, movies, or seminars before looking at pricier outside events.
- Take core classes at a community college
If it’s an option for you, taking required core classes during summer breaks at a nearby community college can be a smart move. These courses are essential for your degree but may not be directly related to your major's foundational information. Completing them at a community college can be significantly less expensive and help you save money in the long run.
By implementing these straightforward strategies, you'll be well on your way to saving money and enjoying a little more financial freedom during your college years. Remember, every dollar saved makes a difference, so embrace these tips and make the most of your college budget!