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What are some ways to save money and manage it while going to college?
By chantel from Portland
1) Learn the difference between needs and wants.
2) If you don't go anywhere, you won't need a car.
3) Get used to cheap meals. Get a rotisserie chicken and a head of cabbage and make soup, sandwiches, cole slaw, burritos, etc. I have a friend who does this and he finds it quite satisfying. The two items can last you all week for lunches.
4) Of course, buy books and other necessities second hand whenever possible.
5) Trade tutoring for goodies. Or give it away. What goes around comes around.
6) Attend the free events on campus for entertainment.
7) Don't go to stores unless you have a list, coupons for most of the stuff you're buying, and have already eaten.
8) Use what you have to the fullest extent possible. For instance, if you are an art major and can only afford pen and ink, push yourself to do the best work ever with that medium. Even Michaelangelo started out with the basics.
Get a small slow cooker. Find one with a removable container, this will make clean up easy. Now take the bones from last nights barbecue chicken with some onion, garlic and veggies of your choice and water to cover. Now your free to study, go to class, chill, dinner will be ready when you are.
Get an air popcorn popper; healthy, and delightful and actually nutricious to snack on! You can easily put taco seasonings; make your own parmisian cheese and garlic salt seasonings; this always smells delightful and lifts your mood! You will never feel deprived with this treat around! Rice cooker is wonderful as well; get from bulk; get jasmine wonderfully aromatic; and balsmati; get your seasonings by the tablespoon in bulk; far cheaper; take a steel water bottle with you and fill from fountains; can also take a thermos (stanley) with you; full of hot water/hot chocolate/coffee; carry tea bags with you.
This is a page about saving money on meals at college. Here is some great information to consider, if you are looking into using a meal plan for your college student.
This is a page about cheap meal ideas for a college student. Many college students need to eat on a budget.
This page is about saving money on textbooks. A major cost of attending college is purchasing the textbooks needed for your courses.
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|Saving Money in College|
I am back in college after a bad illness at age 35, and my husband ditched me, so pickings are slim. I have a few suggestions to stretch those dollars, which are very few these days.
How to do college cheaper:
I had to adjust to a lot less income, and these are some of the ways I was able to do it. This list applies mostly to adult students, but with economy the way it is, there are more of them. Most also apply to students of all ages. Don't get too far into debt before you get a good career, and good luck!
By Amy Crowley from Dayton, OH
Paying for college is a major headache, but the costs incurred while studying there are also high. There are ways to save money while you're at college, which can help pay for the next semester. All it takes is a little knowledge and a lot of will-power.
Try to find options other than the college bookstore when purchasing books or other materials. Often art classes load up on supplies at the book store which can be purchased at the local art supply store at much lower prices. The books themselves are also available other places than the college bookstore. With the help of the Internet, textbooks can be found at incredible prices.
Check out sites like www.amazon.com and other book sale sites for used textbooks. Even with the shipping, these can be $40-$60 less per book, and many which are listed in the used listings are actually still in the shrink wrap. Can any be download as e-books? The downloading fee will be much less than the text itself.
For some courses, the library can be the biggest budget saver. English courses require books which are stocked in local and college libraries. Try to borrow what you can and avoid buying expensive books.
Food is a big part of the college student's budget. The key to frugal food is self-control. Eat at the cafeteria and snack on simple, healthy foods such as fruits, crackers, and cereals. Ordering pizza, eating out, and buying expensive convenience foods is a tug of war with a college student's cash. While your wallet wants to pull it inside, your hunger pulls it back outside. Don't purchase sodas at $1 a piece, and don't spend $15-$20 on each meal when a pre-paid cafeteria meal awaits.
These cutbacks include expensive drinks as well. Lattes and sports drinks add up quickly, as much as $25 a week. Multiply that by the number of weeks on campus, and you can spend a quarter of your cost for textbooks for the semester on glass bottles of caffeine. Instead, keep it simple and splurge only once in awhile.
It's hard to hear, but some of the best known aspects of college are unnecessary. Rather than creating an expense account for yourself, limit yourself and your studies will improve.
Attending the college is advertisement enough that you're a student; you don't need to wear expensive collegiate sweatshirts daily. One or two t-shirts are enough, and even those are available on the sale racks after the semester ends.
Expensive field trips aren't a necessary for any course. While a Yeats seminar may be enhanced by a trip to Ireland during the off-semester, it's not a requirement. Spring break, similarly, is not a requirement. Instead, head home for the vacation and take some time off of your studies.
Editor's Note: What are your tips for saving money at college? Post them below.
About The Author: Kelly Ann Butterbaugh is a freelance writer who regularly contributes to a variety of magazines as well as online newsletters. She teaches writing in the public school as well as at the collegiate level.
We used to sell our used text books to each other at the end of the semester. We'd post notices in the halls. Get a pay as you go cell phone to limit minutes and just use it as a PHONE. Get a used lap top/computer rather than a new one. Re-ink your printer cartridges if possible. Save unused/partially used printer paper to print on opposite side. Don't waste your $ on alcohol except when partying on weekends! Get an electric coil to heat water in your room for coffee/tea. Use all the student discounts you can! Read this site and learn to be thrifty! (03/27/2007)
By pam munro
Go to a community college your first two years! save so much money.
Also, an idea for parents. let them pay for the first two years. They have to get a job - no loans. If they do this and get good grades, you will see how serious they are. When they are ready to transfer, you step in and help them out. If they can't "handle" school, then they are not ready for it and need a few years to work before they go. And this way you find that out right away rather than after you spent 10 grand on the first year and it's blown by them. (03/27/2007)
For taxes - take advantage of the tuition deduction and tuition credits.
Buy bulk from discount clubs like Costco and split them with dorm/room/suite mates.
Check out prices on Ebay/Overstock.com - we got a new Toshiba laptop for my husband at half of what it would have cost us at Circuit City (for ebay, make sure the vendor is a PowerSeller with excellent rating)
If you're moving out of a dorm room and need furniture, check out garage sales/goodwill stores
Instead of meeting buddies for drinks at a bar, collect money from house/dorm mates and have a house/dorm party
By Anna W
My sons buy most of their books online. I can not remember the site. They keep track of what they pay and end up selling the books back online for the same price. Make sure you use Media Mail when shipping books(at the post office) it is a lot cheaper. They sometimes will make even extra money from other kids who do not want to deal with reselling their books by selling their friends' books. The college book store pays very little for buying back books. (03/31/2007)
I think I posted this last year, but before your son/daughter goes to college, go to a nearby college at the end of the semester or year. Go to the dumpsters behind the residence halls. Students cannot move all their furniture so they often will throw away good furniture, and working microwaves and fridges.
Best day to go is the Friday, Saturday, or Sunday before the semester ends. Students will do their cleaning after finals, just before they leave. Be at the dumpster by 8am and wait for students to bring things out. Help them carry the stuff out, and they'll give it to you.
Don't be embarrassed. You're the one saving money, they are the ones racking up student loans.
By Chuck R.
As a student in Louisiana, I was able to receive "food stamps", which are the tax-exempt, government supplemented dollars used to purchase all things edible. For years, I thought only low-income, single mothers were eligible. However, as a full-time student working a part time job, I was able to get enough to pay for my "dorm food" while I lived on campus. Once I moved into my own apartment, the allowance increased, and I never have to spend cash on food, which is definitely a blessing! (01/01/2008)
Tips for saving money in college as suggested by our ThriftyFun community. Do you have any advice to share? Feel free to post your ideas below.