Home > Resources > Campus Life > Money Management > 8 Great Ways to Save Money in College

8 Great Ways to Save Money in College

  • The Free Checking Advantage

    When you go to school, you will need to have a bank account that is easily accessible. Compare the checking and savings account options offered through local banks. Many of them offer free checking, and among the institutions that do, some offer sign-up bonuses. If your bank doesn't offer a completely free checking account, switch now and inform them of why you are doing so.
  • Preferred Customer Awards

    The grocery store is uncharted territory for most college students. Sign-up for the preferred customer card at the grocery store that you plan on using so that you can receive extra savings.
  • Coupon Clipping

    Your grandmother does it. Your mother probably does it. You should definitely do it. In fact, when you do, check out the bottom of your receipt next time you apply your coupon collection at your next visit to the grocery store. You can easily save $20-30 bucks buy doing so.
  • Tipping in School

    If you receive a service that requires a tip, by all means do so. If you receive a service for which a tip is not standard, don't. College kids are often gullible (I was one, I know) and we genuinely want to help out the workers in our community because we know what it's like to be on a tight budget. We give excessive tips unnecessarily. That's fine and good until it catches up with your own budget. If possible avoid services that require a tip, because the bottom line is that you cannot afford to have someone wait on you. 'Nuff 'said.
  • The "10,000 Dollar Shoe Box"

    This is a tip that I learned from a very wise teacher. Keep your receipts forever. Every single one—from jewelry to notebooks. How many times have you wanted to return an item and lost the receipt? Not only do you not get your money back, but you acquire a belonging that you neither need nor want. This situation can be avoided by putting all your receipts into an old shoe box or if you have an incredible number, a boot box.
  • Avoiding Late Fees

    By nature, students are procrastinators. Returning a movie or library book is never quite as difficult as you built it up to be. Late fees can quickly take a bite out of your spending money and if they occur too frequently will affect how you live in college. They add stress and eat cash, so avoid them.
  • Selling Used Books

    If you aren't attached to the curriculum you purchased for your classes, sell the books back to your university or to other students. There is usually a small window of opportunity to do this after each semester ends, so find out beforehand about any book return deadlines.
  • Open a Store Credit Card

    When you make a very large purchase at a store, consider opening a store credit card if they offer a 10 to 20 percent discount. A word of caution: only use this option if you have the cash to pay your first bill in full. When it's paid, cut the card in half. Also, be aware that applying for any credit card authorizes a credit inquiry and too many of these can impact your credit score.

ADVERTISEMENT

Latest College & Financial Aid News

8 African-American Scholarships to Celebrate Juneteenth

June 17, 2021

by Izzy Hall

Juneteenth is an annual holiday celebrating the emancipation of slaves in the U.S. Though it commemorates a day in the 19th century – June 19th, 1865, when southern slaves first learned of their emancipation – it is in 2021 that the holiday is getting official recognition. President Biden is expected to sign a bill passed by the House making Juneteenth a national holiday. It will be the first new national holiday since MLK Day was created in 1983. To commemorate Juneteenth, Scholarships.com has 8 scholarships opportunities for Black students to apply to in 2021 and early 2022. Be sure to try a free scholarship search to discover even more opportunities for student of color to win free money towards college costs! [...]

How to Add Scholarships to Your Resume

June 15, 2021

by Scholarships.com Staff

For someone with limited work experience, creating a resume can be challenging. After all, isn’t the job history section the most important part of the document? If you’re unsure how to create a resume that grabs an employer’s attention because you haven’t had many jobs, don’t worry. There are things you can do to stand out as a student or recent graduate. [...]

Enter Scholarships.com’s $2,000 4th of July Scholarship

June 10, 2021

by Izzy Hall

Summer is in full swing! Students have left their classrooms and homework behind them to enjoy summer break. But don’t forget about school just yet. Summer is a great time to search for and apply to scholarships, especially if you’re a rising high school senior. [...]