Tips for Saving Money in College

By Katie Larson on February 12, 2013

Has college been making a dent in your wallet? If it has, then here are a few tips to alleviate some of the money stresses that college seems to bring to all of us.

Leave it at Home 

One of the most simple ways to make sure that you do not spend money is leave your debit card/cash at home! Sometimes when I go out to eat or grab coffee with a friend I realize that I just buy things because the person I am with is buying something. It might sound silly to leave your money in the car or at home but I guarantee you it will save you LOTS of money! One of the number one reasons that college students go over budget is because they want to “eat socially” with their friends. It can be boring being cooped up in your dorm or apartment studying all day, but you can still share the social aspect of eating out with your friends without having to spend the money. Just hang out at these places and treat yourself once a week!

Make a Game plan

Another tip that will save you lots of money is plan your meals ahead for the upcoming week. My roommate and I found it the cheapest to split all of our groceries and have all of our meals planned out ahead of time. That way, when it  comes to shopping in the grocery you can follow the list and not buy extra things that are not needed. Also, buy your frozen meats and all of your frozen items in bulk. Split a membership with a group of friends and essentially save 1/2 per unit with buying your frozen needs at Costco or Sam’s Club. You should also plan which days or how many meals you will eat out ahead of time.

Snack Attack

As  a college student, sometimes our stomachs speak louder than anything else. It’s estimated that college students typically spend about $5 a day on last minute snacks on campus. A quick way to save yourself $35 a week is to always have snack handy. The cost of a campus snack could buy you roughly 2 or 3 times that at the grocery store. So, bring a protein bar with you wherever you go or pack snacks in a small baggie to satisfy your instantaneous hunger.

Cha-Ching! 

The last possible option is to make some extra cash. A couple of quick ways to make money with out having a full time job is to donate plasma to make a couple hundred dollars a month! Another way to make money is assist a professor with research to receive some extra cash and gain experience in the field. Last, find another student and review/edit their papers for some extra money.

Saving money can be one of the most frustrating things to do in college. But if you follow these guidelines you are guaranteed to have some extra spending money each week.

 

By Katie Larson

Uloop Writer
Howdy! My name is Katie Larson and I am a Communications major and business minor at Texas A&M university. I was born and raised in Katy, Texas. My hobbies include watching my guilty pleasure Keeping up with the Kardashians, shopping, playing any kind of sport, and traveling the world.

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