Being a college student can be rough. You’re trying to balance classes, work, family, and friends, all while living on your own for the first time. Adult life can be overwhelming, and there are a lot of expenses associated with being a college student. Due to there only being so many hours in the day, working more is often not an option, so you need to find ways to save money.
Here are some tricks to save money as a student:
1. Always go for the scholarships.
There are a ridiculous number of scholarships available to college students that can cover tuition, books, and even housing. Scholarships applications may seem daunting at times because they are often long, but once you complete a couple, they go faster because they all ask for the same necessary information.
If you can alleviate your college expenses with scholarships, you can use the money you earn working for your day-to-day expenses. There are scholarships based on a wide range of factors, including major, career goals, demographics, volunteer work, and upbringing. Check out websites like TodayTix Scholarship to learn about opportunities you may be eligible for.
2. Stop thinking you have to replace everything.
We live in a disposable society, which leads most people to replace things that break or fall apart when they could be easily fixed. You can mend clothes, paint or repair furniture, and fix electronics. A typical example of that is when you crack the screen on your phone.
As a college student, you may rely heavily on your phone, so having a cracked or broken screen is not going to work. However, instead of replacing it, you can seek out a smartphone repair company and save the expense of a new one.
3. Buy used.
Everything from furniture to clothes to dishes can be bought used. If you watch sites like Facebook Marketplace and Craigs List, you can probably find exactly what you want at a fraction of the cost.
You can also enjoy your Saturdays going to garage sales or flea markets to hunt for treasures. As a college student, you can probably buy most of your books used either from a used book store or from another student. Buying what you need used is a fun and effective way to save money.
4. Share everything.
Sharing the things you need will help reduce the cost. You can share rides or share living space; you can even share books. Find people that are taking the same classes as you and split the cost of books.
Sharing may seem like a hassle at times because you don’t have complete control, but it can save a lot of money. The important thing is to find people you can trust to share the resources you both need and make sure the costs are divided fairly.
5. Learn to live without.
Growing up, you may not have needed to consider the cost of things because your parents provided for you. Now, as an adult, you realize how expensive items can be and how quickly small expenses add up. An essential lesson for adulthood is learning to live without the things you can’t afford.
Living in your means may mean not eating out as often as you would like or not have the latest electronics. Learning to live within your financial means is a hard but valuable lesson that will serve you greatly as you move beyond college.
There are a lot of ways to save money, but these five suggestions are ones that will make a significant impact and habits you can form in college that will help you in adulthood beyond college.