How To Save Money in College

October 28, 2013

I've been in college for a little over a year now, and I've only just started to get a hand on my finances. Everybody seems to see college as a time that you're supposed to be dirt poor, but that doesn't have to be the case! Here are some of the things I've been doing to keep my checkbook in check :)

Remember that brand name is not always better - sure, some things are worth the price, but if you look, there could be other brands that are cheaper. Usually, grocery store brands are just as good as the other things on the shelf.

Stock up on what you need - pay attention to deals on quantity. Lots of stores have membership cards that offer special savings, those can help you save a couple bucks on your favorite things. Some wholesale stores like Costco and BJ's offer college membership plans. Those can help with saving as well!

Take advantage of the opportunities given to you - most colleges have meal plan options that are included in tuition or room and board expenses. If you have those, there's no real reason to go out to eat all the time. Check campus calendars for events that are offering free food or entertainment, chances are there are at least one per week!

Share - hook up with your roommates to share loads of laundry, split the cost of groceries, or carpooling! Chances are that most people would like to save a couple bucks and wouldn't mind splitting the cost.

Know what you have - keep up with what you actually have on stock! That way when it comes to go shopping, you aren't purchasing something you already have on hand.

Clip coupons - get the Sunday paper and collect the coupons you know you'll use. Make sure they don't sucker you in though! Remember to clip smart, saving a buck on something you'll never use or don't need is still wasting money.

Buy only what you need - make a list before you go out. Don't get tempted into impulse buys!

Put away a percentage of what you earn - save between 5 and 20% of your paycheck if you can, or give yourself a dollar every time you complete an assignment early or go to the gym. It'll make you feel good and save money at the same time!

What are your tips for saving money?

2 comments

  1. Great post Jess, I will need it next year.
    Hayley
    Water Painted Dreams xxx

    ReplyDelete
  2. AnonymousJune 19, 2014

    If you think you really want something, walk around the store with it for a while and then make the argument to yourself is this a want or a need! Chances are it is probably just a want.

    ReplyDelete

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