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How To Save Money In College

How To Save Money In College

College is generally a costly endeavor. Transportation, books, food, etc all have a monetary cost which can quickly add up to a substantial amount. There’s often need to save money so that you’re not overwhelmed with financial burdens. Following are a few ways you can save money while in college.

Buy used textbooks

Books can be quite expensive, especially if they’re brand new. You can reduce this cost by buying used books instead of brand new ones. You can normally find used books at a fraction of the cost of a new book. Look for books in good condition. Most college campuses have several used bookstores.

You can also rent your textbooks to save a bit of money. You can check out sites like ECampus for more information.

Find another means of transportation 

The cost of gas, parking fees, and car maintenance can take a hefty sum of money. Instead of driving you can find a cheaper means of transport such as the subway or bus. If you live close to the campus you can walk. Alternatively, you can buy a bicycle. If driving is the most convenient way to get to and from campus you can carpool with friends.

Select a cheaper meal plan

Most college cafeterias have a variety of meal plans to suit various students. Don’t pay for more meals than you consume, e.g. if you only eat lunch on campus then you should find a meal plan that only caters to that. You can also find coupons and sign up for a discount card at various stores. You should also limit eating out.

Find a suitable mobile phone plan

Mobile phones have the potential to consume a lot of money. Finding the right plan can help you save money. Most service providers have family and friends plans which allow you to make cheap calls to certain numbers. Use free chat apps like whatsapp for texting. Also, take advantage of Skype and Viber to make cheap VoIP calls.

Apply for a scholarship

Scholarships can take a huge burden off your shoulders. Some even offer allowances and special privileges which can help you save money.

Share an apartment

If you live with others you can split the rent and end up paying less than what you would if you live alone. This can also help to reduce food and utility bills as you can split them with your housemates.