28 Money-Saving Ideas For Students
My Girlfriend and I did everything backward; we moved out, got jobs, and then decided we should probably go back to school. If anyone knows how to save money as students, it’s us. We pay a massive amount for rent, food, and utilities. I also have a hefty car payment, yet we still manage to save each month. Here are 28 ways to save money as a student.
28 Tips and tricks to save money as a student
- Buy or rent used textbooks, and sell the ones from last semester
- Don’t buy on impulse
- Never, under any circumstances, go grocery shopping when you’re hungry
- Don’t eat out as much
- Don’t smoke (we know things get rough, but find another coping mechanism)
- Always pay your bills on time to avoid late fees and interest charges
- Pay off consumer debt as quickly as possible (i.e., Credit Cards)
- Walk instead of drive
- Get a roommate to split the rent
- Lower your cable TV package, or just don’t have cable. Ever hear of Netflix?
- Lower your phone package. You can find wifi almost anywhere, do you really need 10GB’s of data?
- Look for discounts before you buy anything
- Sell things you no longer need
- Don’t get a pet until after college (we bought a bunny on impulse and he’s cute as heck, but I don’t recommend you do the same)
- Drink water; it’s free and healthy
- Make coffee at home. Going out for coffee can get expensive
- Open a savings account. Keep your student loan money in a savings account, and earn interest on that large balance
- Make a budget, and stick to it
- Never take a loan for anything other than education
- Get a credit card with cash-back rewards
- Take advantage of tax incentives
- Convert to a student banking account
- Learn to cook
- Use a slow cooker
- Carpool whenever possible
- Never put a balance on your credit card if you don’t intend on paying it off right away
- Shop secondhand
- Take a visit to the library (having fun isn’t hard when you’ve got a library card)
Well, there you have it – 28 ways to save money as a student!