Saving money in college can probably be one of the hardest things to do. If you are working, you know how fast that paycheck gets used and then you end of with no more money, and you won’t get another check for about a week or so. Here are some tips to help you save some extra cash.
1. Bring Food from Home
It is pretty obvious but food is expensive if you want to eat out. The simpliest way to beat these prices is to bring food from home. This can cost you about 75% less. If you are lucky enough that your parents supply the food in the house you can be eating for free and then save the extra money.
2. Take Public Transportation
This is probably one of the biggest expense especially for my friends who Uber to everywhere they need to go. If you live in a very rural area this won’t apply to you but taking public transportation can save you so much money. Comparing $2.75 to be able to go accross New York, to over $10 dollars for an Uber driver where you can only go 5 minutes away. The savings are obvious for this one, try to utilize it as much as possible.
3. Don’t Buy A New Car
This is one of the mistakes I fell into. Buying a new car especially as a kid is the biggest expense and can take basically a whole check between car insurance and the monthly bill for the car itself. If you are going away to college where you probably won’t be using a car so often, then buy a used car. Used cars can be paid out fully and the monthly insurance payment will be extremely low compared to an insurance policy on a new car.
4. Stay Away from the Vending Machine
Most college students like their food quick and easy Vending machines are the easiest way to make money. Even though they like sound like a bargin for a dollar for chips, it’s not. It adds up quickly espically when you check is only about $500 or so biweekly. Try to stay away from these guys and only use them for emergencies.
5. Watch your Monthly Subscriptions
This is a biggy if you don’t watch what is coming out of your credit or debit card. Take the time this week to go over what monthly subscriptions you are paying for and really think about if you are really utilizing it to it’s full capability, if not cancel them. You can always resubscribe in the future.
6. Try Not to by expensive Coffee
Yes, I am talking about Starbucks. It is a very tasty coffee and I do enjoy it sometimes myself but comparing a $6 coffee to a $1 coffee is a big different. This is especially expensive you drink coffee every day and will only buy the expensive ones. Try the corner store or a cart if you live in the city, the coffee tastes about the same and is more than half the price!