Even with how expensive college can be, there are ways to cut back your costs so that you can save some money and lower the amount of stress you have in your life.
1. Rent your textbooks.
When I was in college, I always made sure to rent my textbooks. It was a lot cheaper than buying them new or even used at the college bookstore, and it was easy to return rented textbooks after the class I was taking was over.
Another bonus was that I wouldn’t have to deal with a book (if I would have bought it) if the book publisher came out with a new edition right after my class ended.
2. Choose a cheaper cell phone plan.
Gone are the days where you are forced to sign up for an expensive cell phone plan. There are now several companies and options out there for college students who want a more affordable cell phone plan. Spending $100 or sometimes even a crazy $200 a month on a cell phone plan is just wasted money.
3. Cut your living expenses.
If you currently do not live at home, then you may want to look into ways to cut your living expenses. Getting an apartment or renting a house and then adding roommates (as long as your landlord allows for it) can drastically cut your living expenses.
4. Take classes at a community college.
If you are looking for ways to limit the amount of student loan debt you will have, you should look into taking classes at your local community college in order to save money.
Community college classes are usually somewhere around a third (many times even cheaper) of the price of a private university’s tuition fee, so that can save you thousands of dollars right there.
5. Get rid of your car.
If you don’t have a job or if your job is nearby, you most likely do not need your car. If you live on campus and have a car but no job, then you probably do not need a car as well. I remember when I was in college that there were so many people who hardly ever left campus yet they spent hundreds of dollars on their car each month. It made no sense.
If you do not need it, cut it out of your budget and use that money for something else.
6. Use your student ID.
Your student ID can be used to save you a decent amount of money. You can use it to save on travel, at stores like Jcrew, at the movie theater, and more. The discount is usually somewhere around 10% to 20%, so it’s a decent amount of money that you can save for just carrying around a small card in your wallet or purse.
How else do you think college students waste money?
Image via Flickr by stevendepolo