7 Ways for College Students to Save Money
Posted by Rachel on December 29th, 2008 filed in Saving and Investing|
1. Apply for financial aid, grants and scholarships (free money). Grants and scholarships are officially free money for college students. The most work you would have to do is write essays, collect recommendations or fill out applications. Just compare it to the real world, the work you do for scholarship money is less than the work you would do at a job for the equivalent amount of money. Scholarships and grants are easy, free money. |
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2. Get a job that will pay for your tuition.
Indeed there are jobs that pay more than just a salary. Certain employers will actually pay for your education. Look for companies that have positions related to your major.
3. Buy and sell books online.
The bookstore is always overpriced. You might as well purchase your books online since thousands of students are trying to get rid of their books at low prices. To get extra cash, you can sell the books you don’t need any more online to other students in need of them. Of course, one place to find and sell college books is on eBay.
4. Budget your money.
As lame as it may seem, budgeting is the best way to save money. You have to know where your money is going before you can determine how to save it. Budgeting doesn’t have to be a long drawn out process. There are simple, easy, and fast ways to budget.
5. Use a cash back credit card.
Credit cards are great for building credit when used properly. When you use credit cards, you might as well save money by getting cash back according to the amount of money you spend.
6. Make a grocery list before going grocery shopping.
It doesn’t really take as long as you think it does. Just jot down the items you need to purchase before going shopping. That way, you don’t over spend on things you don’t need by aimlessly roaming in the aisles of the supermarket.
7. Pack a lunch instead of eating in the cafeteria.
Universities and schools often advertise that their meal plans will save you money. But honestly try doing the math. It’s cheaper to make your own lunch then eating from the cafeteria.
Do you have a tip for college students? Share them with us by leaving a comment!
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