10 Ways to Save Money During College (2024)

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10 Ways to Save Money During College (1)

My husband just started his doctoral degree program and I couldn’t be more thrilled for him.

He’ll be busy this semester for sure, with three classes, seminars to attend, and math labs to teach. And he again will have long days, needing to be on campus from about 8am to 8pm on Tuesdays and Thursdays, in addition to classes the other days of the week too. As a family of five living off of his very modest graduate assistantship income (and unfortunately a bit of student loans), money is tight in our home. But, he still needs to be able to get in contact with me, his peers, his students, and his university all the time. So we are super thankful to have the cheapest wireless plans with Walmart Family Mobile.

If you remember, I talked about Walmart Family Mobile’s cheapest wireless plans when my husband graduated from his Master’s Degree a few months ago, sharing 10 Reasons Smart Phones Make Navigating Post-College Life Easier. And he’s had that phone ever since and has been loving the service and the phone. It definitely helped us move from Indiana to Texas, especially once we got here and didn’t have an internet connection for a few days.

And now as a doctoral student, having a smartphone is important for him to keep in touch with his family, especially as I am dropping and picking him up at least twice a week. He also will need to be able to get any important text alerts from his university (he got some important ones from his last university – closed campuses for snow days and an armed person on campus), as well as any emails from professors who may be making scheduling changes last minute too. And as a math teacher on campus, he frequently gets emails from undergrads seeking help on their assignments, and needs to respond to them fairly promptly. And if he wants to check the bus schedule, it’ll be easy to do with a smartphone too, especially since there’s an app for all that.

10 Smart Ways of Saving Money in College

And now that you have your smart phone, it’s time to be smart about money in other areas while in college. Here’s some smart ways of saving money during college besides a great deal on phone service.

1. Amazon Prime Student

Join Amazon Student & Get FREE Two-Day Shipping for College Students: it’s 50% cheaper than the regular Prime Membership, and you get to try it out for FREE for 6 months. The free 2-day shipping is awesome, especially when your professor doesn’t tell you what books you need until a week before class starts, or when you need (or want) just about anything. Oh, and then you get free streaming music and videos, which means you don’t need to pay for a Netflix or Hulu+ subscriptions (or cable for that matter). Plus, you can read eBooks using the FREE Kindle Reading App on most devices.

2. Student Rate Textbooks Search

After tuition, textbooks can cost you a good chunk of change each and every semester.

My husband is one of those (weird) people who really wants to own the book after the class is done. I guess since he wants to be a college mathematics professor, it could be a good investment. But, it still doesn’t mean he needs to pay the University Book Store’s going price for new, and even used books! They are almost always the most expensive.

Buying textbooks online is pretty much the way to go. But there are loads of websites out there selling textbooks. The good news is that there’s this awesome site called StudentRate.com that has a textbook search feature that easily lets you compare textbook prices at more than 20 different online retailers. It not only compares retail prices, but shipping costs and cash back and coupons available, too! And it does this for new, used, rental, and ebooks versions of textbooks. However, you canSave up to 70% on your class textbooks at VitalSource10 Ways to Save Money During College (2)!
10 Ways to Save Money During College (3)

3. Bring Your Student Id

So many stores, restaurants, movie theaters, and venues have student discounts. And that’s pretty awesome for our family to get a few bucks off when we go somewhere. Check out my friend’s post for an awesome comprehensive list of college student discounts.

4. Pack a Lunch

Eating on campus once or twice a day can consume a large portion of your limited income, even if you get the campus dining plan. Packing a lunch, or a dinner, is such a smart and simple way to save money in college. Even bringing a snack to tide you over until you can get home can make a difference.

5. Alternative Commuting

Parking passes can be expensive. Bus passes, being dropped off, carpooling, biking, or walking can all be a great way to save a lot of money not only on gas, but on those darn permits and passes.

6. Buy School Supplies on Clearance

If you plan it right, you can score some amazing deals on pens, pencils, printer paper, highlighters, notebooks, folders, binders, calculators, and more, thanks to some serious clearance clear-out. When it comes to printers and ink, it’s best to get an HP Instant Ink enabled printer and take advantage of the HP Instant Ink program.

7. Get Cash Back

I’m a huge fan of cash back sites. I even wrote up a post comparing of the three I use: Upromise, Ebates, and ShopAtHome.com. In college, you tend to buy a lot online, so why not make a little back from when you buy?

8. Use the Campus Gym

Most campuses have some awesome athletic equipment and facilities that are either free for students or require a fairly small towel or locker fee. Using the campus to workout means you don’t pay for the gym across town.

9. Money Saving Apps

I am most excited about my new smart phone because of the awesome saving money apps. However, I am bummed that the ibotta app cannot be downloaded on it! But, there are still others to download, like the Favado app, Cartwheel by Target, RetailMeNot, The Coupons App, ShopKick, CheckOut 51, and the Walmart Savings Catcher app.

10. Go Without

Going without has been our go-to way of saving money during college. We have gone without nicer clothes, without more toys for our kids, without eating out, without cable, without expensive date nights, without long trips, without preschool for our kids, without expensive family outings, and we’ve even gone without cell phones and microwaves. It’s been a pain at times, and it’s frustrating that life has to be as difficult as it is while we’re poor and in school. There are plenty of things we need and want, but being more realistic about what we can currently afford and what we keep going without, has been a blessing in avoiding debt. Because, the best thing to go without in college is debt. While we’ve taken out student loans, we have striven to live frugally.

What are some smart ways you save money during college? What are your favorite apps? And what do you think about the Walmart Family Mobile cheapest wireless plans?

Be sure to check out these posts too!

10 Ways to Save Money During College (4)

10 Ways to Save Money During College (5)

10 Ways to Save Money During College (6)

10 Ways to Save Money During College (2024)

FAQs

How can college students save money? ›

Another tried and true way to save money in college is to take full advantage of your meal plan. There's no sense in regularly spending money dining out when you have access to prepaid meals on campus. If the dining hall food isn't great, limit your dining-out dollars by making home-cooked meals instead.

What saves you the most money in college? ›

Here are some of the best ways to save money in college:
  • File the FAFSA Every Year. ...
  • Find a Part-Time Job.
  • Consider Housing Options. ...
  • Create a Budget. ...
  • Buy Used Textbooks.
  • Use Your Meal Plan.
  • Take Advantage of Student Discounts. ...
  • Become an RA.
Jul 10, 2024

How can I save as a student? ›

On this page
  1. Make a budget.
  2. Cook meals for your housemates.
  3. Reduce your travel costs.
  4. Take advantage of student discounts.
  5. Don't pay full price for course books.
  6. Save money as a household.
  7. Open a student bank account.
  8. Deal with debt as early as possible.

What is the quickest way to save for college? ›

10 Simple College Savings Tips for Students
  • Apply for scholarships. Scholarships are free money for college that your child doesn't have to pay back! ...
  • Apply for aid. ...
  • Take AP classes. ...
  • Get a job. ...
  • Open a savings account. ...
  • Save money instead of spending it. ...
  • Never use student loans. ...
  • Choose a cheaper school.
Jul 9, 2024

What is the 50 30 20 rule? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How to make $100,000 right out of college? ›

Table of Contents
  1. Some bachelor's degree jobs offer a high return.
  2. Construction Managers.
  3. Medical and Health Services Managers.
  4. Art Directors.
  5. Actuaries.
  6. Computer Network Architects.
  7. Medical Dosimetrists.
  8. Human Resources Managers.
Feb 8, 2024

What is a good savings goal for college? ›

Say you're planning for a child who's 4 years old today. Your college savings goal should be $60,400 for a public, in-state college; $95,600 for a public, out-of-state college; and $118,900 for a private college. If these numbers seem daunting, don't worry.

How to budget your money as a student? ›

How to create a budget while in college
  1. Calculate your net income.
  2. List monthly expenses.
  3. Organize your expenses into fixed and variable categories.
  4. Determine average monthly costs for each expense.
  5. Make adjustments.

How do most parents save for college? ›

With 529 savings plans, individuals can use the money they withdraw for college and K-12 tuition and other qualified educational expenses without paying income tax on any investment gains. 529 savings plans contain a variety of different funds such as mutual funds, bonds funds and ETFs.

How to start saving money? ›

5 simple steps to start saving
  1. Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  2. Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  3. Make saving automatic. ...
  4. Keep separate accounts. ...
  5. Monitor & watch it grow.

What should I save money for in college? ›

How to Save Money as a College Student
  • Create a Budget. ...
  • Buy Used Textbooks. ...
  • Cook Your Own Meals. ...
  • Take Advantage of Student Discounts. ...
  • Use Public Transportation. ...
  • Avoid Credit Card Debt. ...
  • Find a Part-Time Job. ...
  • Save on Entertainment.
May 15, 2023

What are three ways to lower the cost of college? ›

1. Improve Your Chances of an Affordable College Cost
  • Apply to generous schools. ...
  • Don't commit early to a college. ...
  • Look for scholarships before and during college. ...
  • Improve your financial aid eligibility. ...
  • Learn how to evaluate aid packages. ...
  • Get college credit on the cheap. ...
  • Get a student job during college.

Which is a smart way to save on college tuition? ›

Having to take fewer classes saves on tuition. Consider attending school in-state or take core classes at a community college. They may offer a lower sticker price. Make sure that your prospective college will allow transfer credits.

How do college students survive financially? ›

Create a budget.

This is essential. You need to determine the amount of money flowing your way from all sources: parents and relatives, financial aid and scholarships, student loans, and any income from your own employment. Then you have to estimate your expenses: books, bills, toiletries, entertainment, etc.

What are four steps you can take as a college student to increase your savings? ›

How to Save Money as a College Student
  • Create a Budget. ...
  • Buy Used Textbooks. ...
  • Cook Your Own Meals. ...
  • Take Advantage of Student Discounts. ...
  • Use Public Transportation. ...
  • Avoid Credit Card Debt. ...
  • Find a Part-Time Job. ...
  • Save on Entertainment.
May 15, 2023

How can college students reduce financial stress? ›

How to Deal With Financial Stress As a Student
  1. Learn the Basics of Personal Finance. ...
  2. Create a Budget. ...
  3. Contact Your School's Financial Aid Office. ...
  4. Reach Out to Student Services. ...
  5. Visit Counseling Services. ...
  6. Consider Part-Time Jobs or Side Hustles. ...
  7. Explore Other Financial Aid Options.
Oct 13, 2022

How do you survive college on a budget? ›

6 Tips for Saving Money and Budgeting in College
  1. Avoid Paying Full Price for Textbooks. ...
  2. Cook for Yourself. ...
  3. Embrace Communal Living. ...
  4. Shop at Thrift Stores. ...
  5. Use Student Discounts. ...
  6. Take Advantage of Campus Resources and Events.

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