5 College Money Hacks Every Student Should Try This Year

College is an exciting time. You’re getting ready to embark on your first journey into adulthood, and you’ll finally have the chance to start living the life you’ve always dreamed of. But with all this newfound freedom comes a lot of responsibility. One of these responsibilities is money. As a college student, it’s your job to make sure you have enough funds for books, tuition, extracurriculars, and food. And that can be quite expensive! It’s important to find ways to save money so that you can afford all of the things you need. So here are 5 college money hacks every student should try this year!

Create a budget

The first step to saving money is to create a budget. This will help you figure out how much money you need, and what your priorities are. It will also give you an idea of what you can afford and what you can’t. After creating your budget, decide which expenses to cut and which ones to keep. For example, consider getting rid of the expensive cable television package and subscribing to a cheaper internet provider that still offers sufficient speeds for your needs.

Next, find ways to make extra money. There are plenty of ways students make extra cash; from tutoring other students or dog sitting to delivering newspapers or working part-time at a local grocery store.

It’s also important for college students to not spend all their money at once. If you’re going out with friends this weekend, try not buying lunch on Friday so that you’ll have enough for dinner and drinks with them on Saturday night!

Get your finances in order

If you want to be a successful college student, it’s important to get your finances in order. You don’t want to spend all of your money on books or tuition without having any leftovers for the rest of the things you need. The best way to do this is by getting a budget. Create a budget that lists all of your expenses and income, and then work to stay within that budget. It may take some time, but it will be worth it in the end when you’re able to save money and avoid spending more than you can afford.

Use the envelope system to save money

I’m sure you’ve heard of the envelope system before. It’s where you would put all of your cash in an envelope marked with the date it’s due, and spend only what’s in that envelope until it’s empty. I think this is a great system for college students because you’re much more likely to stick to your budget when you’re given a set amount of cash at the beginning of each week or month. By focusing on putting money into envelopes, you can spend less overall, because you know that if there’s no money left in your coffee fund envelope at the end of one week, for example, then you have to go without coffee for the following week. This way, there are no surprises down the line when you don’t have enough money for something else!

Take advantage of student discounts

One of the easiest ways to save money is by taking advantage of student discounts. When you’re a college student, you automatically qualify for the same discounts as high school students. This means you can get discounted or free admission at places like museums and zoos. You also qualify for student discounts on food and drinks. If you’re not sure where to find these deals, just do a quick Google search and go from there!

Sell your things

One of the best ways to save money is by simply selling your things. College is a great time for decluttering! Think about all the things you don’t use anymore, but haven’t gotten rid of because you might need them in the future. Well, now’s the time to get rid of it all. Why not sell your clothes on Poshmark, your textbooks on Amazon or eBay, and your old furniture on Craigslist? You could make some extra cash while getting rid of things you no longer need.

Borrow or rent textbooks

Books are absolutely essential for college students. They’re an expensive necessity that can’t be avoided, but luckily there are ways to save money on them. One way is to borrow or rent textbooks. Your school will likely have a textbook rental option, where you pay a nominal fee for the semester and then get the books at the end of it. If they don’t, you can use websites like Chegg, Amazon Rental Textbooks, and Rent College Textbooks to rent your books cheaply. You might also be able to find free copies of your textbooks online that you can download and use with a PDF reader like Adobe Reader (not in-browser).

Become an exchange student

One of the best ways to save money is through an international study program. If you’re a college student, consider becoming a foreign exchange student for a semester or year. Sure, you’ll have to do some paperwork and get approval from your school, but the benefits are well worth it.

In addition to being able to travel and experience another culture, you can save thousands of dollars in intuition. In fact, many students who participate in these programs get paid just enough to cover their living expenses.

If you’re lucky enough to be accepted into one of these programs, make sure you take full advantage! You’ll be helping yourself while also opening up an opportunity for adventure.

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