10 money-saving tips for college students | Coupon N Deal
saving tips for college students- college life is fun no doubt, but often as students, you may feel you haven’t enough money left to do all the fun stuff halfway through a month. You may be overwhelmed by paying the expensive tuition fees, your housing rent, travel expenses if you live far from your college, and your day-to-day expenses.
Learning how to save money each month could help students manage money efficiently without losing out on having fun or scrambling to make ends meet.
So, here are 10 Money saving tips for College Students:
1. Open a Bank Savings Account:
Opening a bank savings account is a great way to keep your money safe and also earn interest on it. When you have no cash on you, you tend to spend less. When you withdraw money whenever you need it, you resist buying things on impulse.
You can even keep a certain amount in fixed deposit for a year or more as they attract a fair good of interest for you. It is also the best way to save money for future and long-term goals. Another wise way to use the saved amount is to start investing as a first step to pay back your education loan.
2. Buy used textbooks:
When you buy used textbooks, you are already reducing your costs of buying brand new books. You can save up to 60% when you buy used or second-hand books.
A good place to start looking for such books that are as good as new is Amazon. Another good option is to use your college library as much as possible. Also try to take printouts, photocopies of study materials from your college library, saving you more money.
3. Use Coupons to save while shopping:
Shopping online for clothes, footwear, accessories, books, valentine’s gifts for a girlfriend or boyfriend can be expensive, and a wise way to shop online is to use coupons. Coupons are pocket-friendly since you can avail of exclusive discounts by the brand stores and you can also avail coupons to get further discounts and reductions on purchases. This is one of the best money tips you can get and make the most savings in a student’s life.
Coupon N Deal is a great place to get coupons and deals for top brands like eBay, Macy’s, JCPenny, Amazon, Walmart, Kohls, and more.
4. Become a member of stores:
If you buy often at a few stores, it is wise to get a membership there. As a member, you can earn points on the purchases and redeem them at a later time. Choose stores that offer cash redemption or redeem against purchases.
5. saving tips for college students: Buy in Bulk:
When you buy groceries or even home essentials, it is good to buy in bulk, since stores offer good discounts and offer like buy 3 get one for free, etc.
6. Go grocery shopping when you are not hungry:
When you are hungry and go grocery shopping, you tend to buy things you do not need. So, make sure do not to go out shopping for groceries on an empty stomach and avoid buying extra things. Avoid buying ready-to-eat meals, as they tend to be pricey, instead buy raw fruits and vegetables and cook them.
7. Cut down the number of eating outs:
If you are wondering how to save money for students by reducing eat out, then consider this, on average a student spends $4500 for three meals per day, which is a big deal. No matter how tempting eating out may seem, but cutting down on it and control your impulse to eat out, and cut down on the number of times you eat out, you could save hundreds of dollars. It is cheaper to cook as it saves you a lot of money.
8. Opt for no-interest credit cards:
If you have to use a credit card, make sure you take an interest-free credit card. This will help you save on the interest rate levied by banks when you are late in paying the credit card bills. Also, make sure you pay the credit card bills on time.
9. Use Public Transportation:
Another tried and tested savings tip for college students is to use public transportation. It is cheaper and will save you hundreds of dollars on fuel if you own a car or a bike. You could also consider using a bicycle to go around places along with public transportation.
So, now you know the best ways to save money as a college student, shop and eat wisely and still have lots of fun!!!
10. Always keep your student ID with you:
Whenever you leave your room, make sure you keep your student ID with you handy. Students can avail discounts at shops, gyms, restaurants, events, museums, pubs, etc. with a student ID.
As a student, you may have quite a bit of time at hand, so go get a job. Getting a job will make you responsible and you will start earning while studying. You will also be in a better position to plan for your future and will have something to put onto your CV and up your job desirability.
Originally published at https://www.couponndeal.us on February 12, 2021.
