December 13, 2023

Five Easy Money Saving Tips for College Students

College Personal Finance

Transitioning from high school to college can be a scary change, and one that comes with new challenges, such as budgeting money more wisely. Most students enter college with little savings; however, there are easy ways to be financially responsible even with the smallest budget.

Save on Textbooks

Students can saving big time by ordering their books ahead of time off sites such as Amazon, Abe Books, and Chegg. These sites even allow you to simply rent a textbook, which provides even great savings.

Set a Budget

It can be tempting to eat out with friends nightly, catch the newest movie, or go on a shopping spree, however set a budget for these extras. If you build a line in your budget meant for these miscellaneous items, you will be more likely to stick to it.

Unnecessary Charges

Most students are able to remain on their parent's health insurance plan, so opt-out of the campus provided health care. Further, try to find a checking account that doesn't have fees associated with it to help save, such as our Personal Checking account.

College ID Perks

Your college ID comes loaded with lots of perks, such as free use of your campus's gym and discounts at local businesses. Ask your college or university for a list of businesses they partner with that offer deals to students.

Part-time Work

Consider getting a part-time job or a paid internship to help balance the cost of tuition. Plus, having some work experience after graduation will look great on a resume and help students stand out form their peers.

Implementing these saving tips can help students avoid even more debt after graduation, especially considering the average class of 2015 graduate with student-loan debt is a little more than $35,000, according to Edvisors. Start planning now to have a more successful future.