College life – it’s the ultimate test of survival skills, isn’t it? You’re balancing classes, social life, self-care, and somewhere in there, you are also figuring out how to save money as a student. It’s no secret that you face unique financial challenges. Whether you’re navigating the costs of tuition, textbooks, or simply trying to maintain a social life, finding ways to save money is essential.
It’s like trying to solve a Rubik’s cube that’s also somehow on fire. But don’t worry about it, because we’ve got the ultimate list of money-saving hacks specifically designed for students like you.
Whether you’re a freshman just getting your feet wet, a seasoned senior, or a teenager preparing for the college life, we’ve covered it all that’ll not only make your wallet breathe a sigh of relief but will help you make informed financial decisions that will benefit you now and in the future.
From budget-friendly meal prep to snagging student discounts so good they feel like a heist, we’re about to drop some knowledge that’s just as important as your 8 AM lecture. It’s all about finding smart ways to save money as a college student.
01
of 20Buy used textbooks and resell them after use
When it comes to saving money on textbooks, one clever strategy is to buy used textbooks and then resell them after you’re done with them. This approach not only helps you cut down on your upfront costs but also allows you to recoup some of your investment later on. To get started, there are several options for finding used textbooks at discounted prices. One popular avenue is to check online marketplaces such as Amazon, eBay, or Chegg, where you can often find used textbooks listed by other students or sellers.
After you have completed your course and no longer need the textbook, it’s time to recoup some of your costs by reselling it. There are various avenues to sell your used textbooks, both online and offline. Online platforms such as Amazon, eBay, or BookFinder allow you to create listings and reach potential buyers nationwide. You can also consider selling directly to other students on campus through bulletin boards or student groups. Some colleges even have dedicated textbook buyback programs or events at the end of each semester.
To simplify the process of buying and selling used textbooks, there are several helpful apps and websites like BookFinder, CampusBooks, or SlugBooks that allow you to compare prices across multiple online marketplaces to find the best deals on used textbooks.
02
of 20Make the most of student discounts and freebies
Being a student comes with its perks, including exclusive discounts and freebies. Many businesses and establishments offer special deals and promotions exclusively for students, so it’s important to take advantage of these opportunities. From clothing stores and restaurants to entertainment venues and transportation services, a wide range of businesses cater to student needs. For example, apps like UNiDAYS and StudentBeans provide access to a variety of exclusive discounts, allowing students to save on everything from fashion and electronics to food and travel.
Additionally, student ID cards often grant access to freebies such as museum admissions, software licenses, and even discounted gym memberships. By researching and utilizing student discounts and freebies, students can enjoy significant savings while still experiencing all that college life has to offer.
03
of 20Master meal planning and limit dining out
Dining out can quickly eat into your budget, but mastering the art of meal planning can help you save money and eat well. Start by creating a weekly or monthly meal plan, outlining your breakfasts, lunches, dinners, and snacks. Take inventory of what you already have in your pantry and create a shopping list for the remaining ingredients. By planning your meals in advance, you can avoid impulsive purchases and reduce food waste.
Additionally, bringing homemade lunches to campus instead of eating out can lead to significant savings over time. Apps like Mealime or Plan to Eat can assist you in generating meal plans, organizing recipes, and creating shopping lists tailored to your preferences and dietary needs.
04
of 20Find affordable or free entertainment options
Entertainment doesn’t have to break the bank, especially when you’re a student. Look for affordable or free entertainment options both on and off campus. Many colleges and universities organize a variety of events, such as movie nights, concerts, guest lectures, and art exhibitions that are often free or available at a reduced cost for students. Also, you can take advantage of your student ID to access discounted tickets for movies, theaters, museums, and other attractions.
Apps like Goldstar or Groupon can help you discover local deals and discounts on entertainment options in your area. These platforms offer discounted tickets for various events, including concerts, theater performances, and comedy shows. By seeking out affordable or free entertainment options, you can enjoy a vibrant social life without straining your budget.
05
of 20Utilize public transportation or carpooling
Transportation costs can add up quickly, but there are several ways to save money in this area. Instead of relying solely on your car, consider utilizing public transportation options like buses, trains, or trams available in your area. Many cities offer discounted or subsidized student passes, allowing you to travel at a reduced cost.
Additionally, carpooling with classmates or friends who live nearby can significantly cut down on transportation expenses. Apps like UberPool or Lyft Line provide options for convenient and cost-effective ride sharing. By sharing the ride and splitting the costs with others, you can save money while reducing your carbon footprint.
06
of 20Explore on-campus job opportunities
Working part-time while studying can be a great way to earn extra income and gain valuable experience. Many colleges and universities offer on-campus job opportunities specifically tailored to students. These jobs often have flexible schedules that accommodate your class timings and provide convenient locations within the campus. Examples of on-campus jobs include working at the library, student center, campus bookstore, or as a teaching or research assistant.
These jobs not only provide a steady income but also allow you to network with faculty and staff, enhancing your overall college experience. Check with your campus career center or job board to explore the available on-campus job opportunities and apply for positions that align with your skills and interests.
07
of 20Save on utility bills with energy-efficient practices
Reducing energy consumption not only helps the environment but also saves you money on utility bills. Start by turning off lights, electronics, and appliances when not in use. Replace traditional incandescent light bulbs with energy-efficient LED bulbs. Make sure to unplug chargers and devices that are not in use to avoid unnecessary power consumption.
Apps like EnergyHub or MyEco can help you monitor and manage your energy usage, providing insights and tips for more efficient energy consumption. By adopting these energy-saving practices and using helpful apps, you can reduce your environmental impact and lower your utility bills.
08
of 20Prioritize needs over wants and avoid impulse purchases
One of the key aspects of effective money management is distinguishing between needs and wants. It’s important to prioritize your essential needs over unnecessary wants to stay within your budget. Before making a purchase, take a moment to evaluate whether it’s a necessity or a mere impulse. Consider the long-term value and usefulness of the item or service.
Apps like Mint or You Need A Budget (YNAB) can assist you in tracking your expenses, setting financial goals, and differentiating between needs and wants. By practicing mindful spending and avoiding impulsive purchases, you can save money and allocate your funds towards more important financial goals.
09
of 20Create a savings plan for short-term and long-term goals
Setting savings goals and creating a plan is crucial for building financial security. Start by identifying your short-term and long-term financial objectives. Short-term goals may include saving for a new laptop, a vacation, or an emergency fund, while long-term goals could involve saving for higher education, a down payment on a house, or retirement. Determine the amount of money you need to save and set a realistic timeline for achieving each goal
10
of 20Learn the art of DIY and repurpose items to save money
Who needs an expensive decor when you can create your own masterpiece, right? Developing DIY skills can be both fun and cost-effective. Instead of buying new items, consider repurposing things you already have. Get creative and transform old furniture with a fresh coat of paint, turn mason jars into stylish organizers, or repurpose clothing to create trendy new looks.
Online platforms like Pinterest and YouTube offer a wealth of DIY ideas and tutorials to inspire your creativity. Here is a great example of a “Harry Potter”-themed bookshelf that you can do it too.
11
of 20Apply for scholarships and grants
Scholarships and grants are like the golden snitches of the financial world for students – elusive but rewarding. In short, they can be game-changers. So, Spend time researching and applying for scholarships that align with your interests, achievements, or demographics. Many organizations, foundations, and colleges offer scholarships to students based on academic merit, extracurricular activities, or financial need.
Additionally, grants from government programs or private institutions can provide financial assistance for specific educational or research projects. Utilize scholarship search engines like Fastweb or Scholarships.com, and keep an eye on application deadlines to maximize your chances of securing financial aid. By actively seeking out and applying for scholarships and grants, you can alleviate the burden of educational expenses.
12
of 20Consider attending community college before transferring
Community colleges can offer an affordable and flexible pathway to higher education. Consider starting your academic journey at a community college before transferring to a four-year institution. Community colleges often have lower tuition costs and offer a wide range of general education courses that can transfer to universities. This approach allows you to save money on tuition while completing prerequisite courses.
Even, many successful individuals, including celebrities like Oprah Winfrey and Tom Hanks, began their educational journeys at community colleges. By considering this option, you can access quality education while minimizing your financial commitment.
13
of 20Live with roommates to split housing costs
Housing expenses can take up a big chunk of a student’s budget. So, One way to alleviate this burden is by living with roommates and sharing the cost of rent, utilities, and groceries with them.
On the other hand, living with roommates is like having your own real-life version of “Friends” or “The Big Bang Theory”. Not only do you get to split expenses, but you also get to share fun moments, late-night pizza, and the occasional group study sessions. Look for potential roommates among your classmates, friends, or through online platforms like Roomster or Craigslist.
Remember, Before moving in with roommates, establish clear communication and set guidelines to ensure a harmonious living arrangement. While it may require compromise and adjustment, living with roommates can not only significantly reduce your monthly expenses but also provide a supportive social environment during your college years.
14
of 20Use the Campus Gym and Recreational Facilities
Who needs a fancy, overpriced gym membership when you have a perfectly good gym right on campus? Take advantage of these facilities get access to fitness centers, sports fields, swimming pools, and group exercise classes as part of your student fees.
Utilize them to stay active and save money on gym memberships or fitness classes. So, Whether you enjoy weightlifting, cardio workouts, or participating in intramural sports, the campus gym is one of the most convenient and cost-effective way to maintain a healthy lifestyle.
15
of 20Save by shopping on sales and thrift stores
In an era where fashion moves faster than a TikTok trend, staying stylish can feel like a costly endeavor. But don’t let your bank account fall victim to fast fashion! Instead, become a smart shopper. Look for sales, discounts, and clearance events at your favorite stores or online retailers. Many brands offer seasonal sales or promotions where you can snag great deals on clothing items.
Even better, consider exploring thrift stores or consignment shops, where you can find unique and affordable pieces. Thrifting has become a popular trend, with many fashion enthusiasts showcasing their amazing thrift store finds on social media platforms like Instagram or TikTok. Remember, Macklemore made thrift shopping cool long before sustainability was a buzzword.
So, you’re not just saving money, you’re also helping the environment and potentially scoring some vintage gems.
16
of 20Cut down on expensive coffee shop visits
We get it, nothing feels quite as college-esque as sipping a venti iced latte while studying in a coffee shop. But those daily Starbucks runs can add up faster than followers on an influencer’s Instagram account. Consider brewing your coffee at home or on campus. Investing in a good quality coffee maker or French press can provide you with delicious coffee at a fraction of the cost. There are hundreds of easy-to-follow tutorials on YouTube that could teach to make your favourite coffee drinks at home.
So, experiment with different brewing methods, try out various coffee blends, and make your mornings more enjoyable while saving some cash.
17
of 20Get a Part-time Job or Freelance Gig
Working over school breaks isn’t just for Zac Efron in High School Musical 2, It’s a legit money-saving hack for students, too! Also, It provides an excellent opportunity to earn some extra cash. Consider getting a part-time job or taking on freelance gigs during these periods.
Many businesses, restaurants, or retail stores hire temporary workers to accommodate increased holiday or vacation traffic. Additionally, you can explore freelance opportunities in fields like writing, graphic design, tutoring, or web development. Websites like Upwork or Fiverr can help you connect with clients looking for these services.
Getting these part-time jobs or gigs will give your wallet a serious boost. Plus, It’s a great way to gain practical skills and valuable work experience. Remember, these aren’t just jobs, they’re also a move in the chess game of your financial future. Checkmate, student loans!
18
of 20Use Student Discounts for Travel and Accommodation
When it comes to being a student, one of the silver linings is definitely the student discounts. Think of them as your golden ticket to affordable adventures! Whether you’re heading home for the holidays, exploring new cities during summer break, or planning that dream vacation, student discounts can make a big difference in your travel costs. Companies like STA Travel and Student Universe specialize in offering lower-priced flights, hotels, and tours specifically for students.
For a place to crash, consider looking into platforms such as Airbnb. This service offers an wide selection of cost-friendly stays, from cozy apartments to unique local homes, bringing a touch of authenticity to your travel experience.
19
of 20Use Budgeting Apps to Track Spending Habits
Just like how you use Instagram to track your friends or Spotify to track your favorite tunes, you can use budgeting apps to keep a keen eye on your spending. Apps like Mint, YNAB , (which we discussed above) and PocketGuard are like your personal financial advisors that can help you track your income and expenses, set financial goals, and monitor your expenses.
They can give you real-time updates on where your money is going, help you set up budgeting goals, and even send you cute little reminders when you’re spending a bit too much on those late-night online shopping sprees (we’ve all been there!). By gaining these kind of insights, you can identify areas where you can cut back and make more informed financial decisions.
Remember, it’s not about completely cutting out the fun stuff, it’s about understanding where your money goes and making smarter decisions.
20
of 20Conclusion
And there you have it, the ultimate arsenal of money saving hacks for students. It’s like we’ve just handed you the secret map to the hidden treasure chest of savings. No more wondering about how to save money as a college student or teen. With these tips, you’re all set to navigate the financial maze that is student life.
Remember, saving money doesn’t mean sacrificing your enjoyment or missing out on all the valuable experiences. Instead, it’s about making conscious choices and finding innovative ways to stretch your budget. Whether it’s utilizing student discounts for travel and entertainment, learning the art of meal planning, or cutting down on pricey coffee shop visits, these hacks allow you to prioritize your financial well-being.
In fact, you’ll be amazed at how quickly the savings add up. And who knows? With all the money you’ll save, maybe you can finally plan that spring break trip or invest in your dream startup. After all, college is all about learning, and mastering the art of saving is a lesson that will pay off for the rest of your life.