How Can I Save Money At College

The 10 Best Ways to Save Money At College

With the price of tuition rising every year, college is becoming much more difficult to afford. And if you’re lucky enough to be attending college in the upcoming year, you may be looking for ways to save money.

We compiled 10 of the best ways to save large chunks of money over the course of a year.

1. Buy or Rent Used Textbooks

Used TextbooksCredit: gijobs.com

Textbooks are one of those costs that you don’t expect to be a major problem, but they can add up quickly. Buying or renting used textbooks can save you a ton of money without sacrificing anything. Try looking for the books you need on Facebook groups as soon as you arrive at college, or even before you arrive.

Estimated savings per year: $300 – $1500

2. Get Some Roommates

RoommatesCredit: UNH.edu

If you’re living off campus, we definitely recommend finding some roommates so that you can split the price of your rent and your utilities. You’d be surprised how many people are looking to do the same.

Estimated savings per year: $1000 – $10,000

3. Check Your Phone Package

teens with phonesCredit: Simply Senia

You probably don’t need as much data as you think you do. Plus, if you’re on campus, you will have access to WiFi pretty much all the time. Also, many colleges do special student deals – hint: check the International Fair.

Estimated savings per year: $120 – $500

4. Use Your Student Discount

Student with ID cardCredit: Magnify Money

Just showing your Student ID can save you a ton of money on things like movies, groceries, restaurants, and more. Often 10% – 30%.

Estimated savings per year: $100 – $500

5. Lift Locally

college gymCredit: LSE

Campus gyms usually offer a fantastic deal for students and alumni only that will be drastically cheaper than commercial gyms, and often free. Plus, you can work out with your friends.

Estimated savings per year: $120 – $500

6. Sell Your Old Things

Students buy and sell thingsCredit: johnschapman.com

It’s easy to sell old couches and furniture on websites like Craigslist, and your area might actually have a Facebook page for students selling things to other students. You can even do swaps to give something, and get something!

Estimated savings per year: $50 – $750

7. Don’t Forget the Library

Student in libraryCredit: warosu.org

If you won’t need your books constantly or for a long time, consider checking them out from your library, rather than buying them.

Estimated savings per year: $400 – $1600

8. Track Your Finances

Student tracking finances on phoneCredit: hercampus.com

You’re much less likely to spend money after you’ve seen where all your money goes. Tracking your finances is easy and is a great skill for later in life. There are several free apps available, such as Albert, Olivia and Prosper Daily, and apps like Qapital which help you auto-save money.

Estimated savings per year: $500 – $2000

9. Become a Resident Advisor

Resident advisorCredit: UNE.edu

A lot of times, RAs will get free room and board which is one of your biggest costs at school. The job isn’t always fun, but you learn some great people management skills and there are plenty of perks!

Estimated savings per year: $4000 – $15,000

10. Buy Refurbished Apple Products at RefurbMe

Range of Apple Refurbished Products Credit: Stanford

US colleges are big on Apple products, and you may be too – whether it’s iPhone, Mac or iPad. You can save a ton of money by using RefurbMe to find all the best deals so you can have the products you love, whilst cutting costs!

Expect to save:

  • $500 – $1200 on Mac computers
  • $100 – $250 on iPads
  • $120 – $400 on iPhones

Estimated savings per year: $200 – $3500

College doesn’t have to totally drain your savings. There are plenty of ways to curb your spending while still having an awesome time!

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