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!

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10 Ways to Save Money During College (2024)

FAQs

How can I save as much money in college? ›

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

How do I save money as a student? ›

Saving money as a student 2024
  1. Learn the basics of budgeting.
  2. Cook meals for your housemates.
  3. Reduce your travel costs.
  4. Take advantage of student deals.
  5. Don't pay full price for course books.
  6. Save money as a household.
  7. Sort out your student bank account.
  8. Deal with debt as early as possible.

How can students save for college? ›

Traditional savings accounts are a great way to save for college while still having access to your funds. They're especially good for students, helping you set aside money from work or gifts with the intention of using it for school.

How can I manage my money better in college? ›

Money Management Tips for College Students
  1. Start with the right bank accounts. ...
  2. Create — and stick to — a budget. ...
  3. Manage your credit responsibly. ...
  4. Start saving for the future. ...
  5. Avoid impulse spending. ...
  6. Take steps to lower your expenses. ...
  7. Use digital tools to manage your money. ...
  8. Get outside support.
Jul 13, 2023

Why should you save money in college? ›

Saving money during your student years enables you to work towards your future goals. Whether it's funding further education, starting a business, traveling, or buying a home, having savings allows you to take steps towards realizing your aspirations. Your financial resources become a tool to shape your future.

How much money to save while in college? ›

If your savings are currently a bit anemic, aim for enough money to cover three to six months of expenses. To put a number to that goal, add up all your regular expenses and multiply the total by at least three. Hopefully, you'll never need to dip into those funds, but if you do, they'll be waiting for you.

How can I save on tuition? ›

Save on college costs
  1. Plan ahead with high school classes. ...
  2. Consider attending school in-state or take core classes at a community college. ...
  3. Comparison shop on your living arrangements. ...
  4. Ask friends and family for money for your college fund. ...
  5. Get a part-time job. ...
  6. Consider using a credit card—wisely.

How do college students survive financially? ›

Budgeting is key to saving and growing money in college. First, you need to create a budget — this is simply a list of all your expenses and income. Second, you need to successfully live on that budget throughout each month. Many free or cheap apps can help you do this, such as Mint and You Need a Budget.

How can I save money for college in 4 years? ›

Here are 13 strategies to finance a college education in a short amount of time.
  1. Put it into perspective. ...
  2. Assess your situation. ...
  3. Start saving with a plan and a budget. ...
  4. Establish a savings account. ...
  5. Make some spending cuts. ...
  6. Make it automatic. ...
  7. Get credit to work for you. ...
  8. Consider federal financial aid.

What is a college saving? ›

A 529 college savings plan is a state-sponsored investment plan that enables you to save money for a beneficiary and pay for education expenses.

How to spend money wisely? ›

In this article:
  1. Create and Stick to a Budget.
  2. Prioritize Needs Over Wants.
  3. Use Your Credit Card—but Pay It Off Each Month.
  4. Know Your Values—and Your Triggers.
  5. Reduce Spending Where It Makes Sense.
  6. Consider Long-Term Costs.
  7. Limit Your Payment Options.
Mar 23, 2024

How can college students budget their money? ›

Creating Your Budget
  1. Determine a Time Span for Your Budget.
  2. Choose a Tool to Help You Manage Your Budget.
  3. Review Your Monthly Income.
  4. Identify and Categorize Your Expenses.
  5. Save for Emergencies.
  6. Balance Your Budget.
  7. Maintain and Update Your Budget.

How to not struggle financially in college? ›

Create a budget to track income and expenses and avoid overspending. Differentiate between wants and needs when making purchasing decisions. Use credit cards responsibly to build good credit history. Make plans for paying off student loans and achieving future financial goals after graduation.

What is a good amount of money to have saved for college? ›

For example, if you're aiming to pay for 69% of college costs at a state school, your goal is about $80,000, based on 2023–2024 data. Divide that by the number of years until your child turns 18 to come up with your annual savings goal.

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

Best jobs with a bachelor's degree that pay over $100,000 per year
  1. Sales executive. ...
  2. Compensation manager. ...
  3. Economist. ...
  4. Actuary. ...
  5. Risk manager. ...
  6. Strategy manager. ...
  7. Chief financial officer. ...
  8. Loan officer.
Apr 18, 2024

How to stop spending so much money in college? ›

How to save money as a college student
  1. Get a job.
  2. Avoid new textbooks.
  3. Budget weekend spending.
  4. Eat on campus.
  5. Ditch the car.
  6. Monitor your spending.
  7. Become an RA.
  8. Be wary of impulse purchases.

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