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Most college students live on a tight budget. With the cost of living and tuition on the rise, however, it’s becoming even harder to stick to this frugal lifestyle. You don’t have to give up all luxuries while getting an education, of course. The truth is that there are a number of cheap and easy ways to save money when you are a college student and still enjoy yourself with your gameday shirts while you share your university’s spirit as you save money. Here are a few of our favorite tips for saving money on essential college costs and a lot more. Check out our favorite tips below for saving money on essential college costs and more.
- Affordable Tutoring
College is challenging, and there’s no shame in seeking extra help when you need it. Indeed, if it saves you from failing a course, tutoring can save you thousands in tuition fees. Unfortunately, tutoring can be expensive, so you must get creative in obtaining the extra study help you need.
For example, you could turn to the internet for affordable online tutoring, or you could ask your professors if they offer tutoring sessions outside of class. The library is also a great source for finding vetted tutors who volunteer their time.
Besides tuition and housing, purchasing textbooks is another big expense when attending college. There’s no need to buy brand new books, however, as there are many resources for buying or renting used textbooks.
The best place to start is your campus bookstore, which likely has used textbooks for sale. If you know other students who have taken the same classes, ask if you can borrow their textbooks. Otherwise, there are a plethora of online sources for renting or purchasing textbooks, many of which offer payment plans.
- Student ID Discounts
As a college student, your student ID entitles you to discounts at many businesses. For example, Apple offers discounts on tech products, while many fashion labels offer discounts on their clothing. You’ll also find discounted prices at many restaurants, so never leave home without your student ID.
- Banking Fees
No one likes paying bank fees, but as a college student, these fees can make or break your tight budget. Visit your local bank and ask about checking and savings accounts geared toward college students. These accounts usually have low or no fees and don’t require you to carry a minimum balance to avoid a monthly charge.
Even if you only purchase a latte every morning at your favorite coffee shop, those small expenses add up. If you’ve subscribed to the meal plan at school, commit to using it. Although many restaurants offer student discounts, taking advantage of your school’s meal plan is still cheaper than eating out. If you just cannot do without your morning caffeine boost, invest in a good coffee maker to keep more moola in your pocket.
Many college students are excited to move out of their parent’s homes and strike out on their own. At this time, however, you must choose your housing wisely. Living on campus may be cheaper than renting an apartment off-campus. You’ll also probably have access to free amenities such as fitness classes and movie nights while residing in the dorms.
If you do end up renting an apartment, you can lower your housing costs and monthly expenses by getting a roommate or two. Not only can you split the bills but movie nights and study sessions at home are far more fun when you have company.
College is expensive, but luckily, you can save money on your essential costs by following the tips above. Sticking to a budget takes discipline and creativity, but learning to save money while in college will set you up for a successful financial future after you graduate.