7 Ways to Save Money In College

It’s time for college. It’s also time for budget crunching, piggy bank breaking, as well as money saving. Our wallets tend to go on a diet when we go to college, but here are some tips to keep your wallet saturated with healthy greens and to make yourself happy with those few extra bucks.

1. Price Comparisons for Textbooks

Unless you cannot find a book anywhere on the Internet, go to the student store on your university campus. Word on the street is that the student store charges more than the retailer themselves. Use websites like SlugBooks to buy cheaper priced books.

2. Go for Paperback Books

Paperback or hardcover, you’re still getting the same information, aren’t you? You don’t need the hardcover book. Find a paperback and use it whenever you can. Besides, paperbacks are much lighter on your back.

3. Renting Textbooks

Have a general education class such as Economics 101 that you’re taking to fulfill some requirement? Never going to open that book again once the class will have finished? Rent the book. Do not buy it. Though you cannot make too many marks (or any, depending on the rule), renting your textbook can save you over a hundred dollars. You can use it and access it at any point after it is delivered to you, and then you just have to ship it back on the due date, so make sure you take note of that!

4. Use Public Transportation or a Bike

Do not bring your car with you to campus, especially if you are a first-year. Paying for parking is quite a hassle, and can drain your wallet instantaneously. Use buses; they’re quite popular on college campuses, especially with universities that are small cities, such as Chapel Hill. Students usually ride for free, which is awesome because who doesn’t like free services and goods? Also, you’re doing the environment a huge favor by not emitting exhaustion gas into the atmosphere. Bikes are another good idea, as this investment can go very far, literally and metaphorically. Bikes are street safe and walk path safe, and you’ll be on-time to class almost every time.

5. Sell Your Old High School Stuff

I, for one, had a lot of old Advanced Placement (AP) guidebooks left over from high school. Though some are still useful references to me, a lot of them were not, especially for the classes that have nothing to do with my intended major and that I had placement credit for. I just sold it on Amazon and made almost a hundred dollars. Don’t limit yourself to just books—sell anything that you simply cannot use anymore (within reason of course).

6. Make a Budget

Try organizing your spending and income into a table such as this one:

Money Spent Item Bought Service Spent on Earnings
$3 2% Milk
$40 From Tutoring
$10 Getting Eyebrows Done
$100 Selling things
$50 Textbook

This is just a neat way to help you keep track of everything! You will never have to wonder where that one dollar went, and you’ll feel more in control of your money.

7. Work Study, Jobs, and Internships

This is perhaps the most obvious way grab ahold of fortunes during high school. However, it should also be remembered that jobs teach you the value of money. For some people, it’ll send the message of “Do I need to buy that Sephora lipstick? I have to use MY money.” You’ll rethink buying some of your coveted material objects, but in the end you will be glad you thought some of your monetary decisions and purchases through.

Money is all around us. We just have to know how to hold on to it. Learning how to be responsible with your money now can truly benefit you in the future. When there’s an economic crisis in the future, you’ll know how to handle it from your experiences during your youthful years. Best of luck to those of you going to college or are in college, and always have a positive mindset!

Image: 401kcalculator.org