How To Save Money in College

Who remembers living off of ramen while they were in school because it was the cheapest thing you could buy? While student’s eating habits may have changed over the past few years, one thing definitely hasn’t — universities are expensive. So if you’re looking for ways to save money in college, here’s where you should start.

Focus on your education.

More and more often, students don’t graduate in just four years. Avoid the costs of extra semesters by staying focused on your classes and taking advantage of tutors and academic advising.

Shop smart when it comes to textbooks.

Try to find a friend in each of your classes who you can share a textbook with. And never buy the textbook new. Find used copies online or an ebook version that’s cheaper.

Get small appliances for your dorm or apartment.

Think about how much money you could save on your morning java if you had a coffee pot to make it yourself? Investing in that and other small appliances like a microwave or George Foreman grill can save you money on food.

Limit how often you eat out.

We know it’s tempting to go to the diner with your friends or for Wednesday night wings, but all those food trips add up and can leave you strapped for cash. Limit yourself to two or three meals out a month.

Cut the Cable.

Netflix, Hulu, and HBOGo exist for a reason, so use them. They offer a ton of shows to stream and are a lot cheaper than cable.

Use campus amenities.

Skip the expensive membership at the gym in town, and use your campus gym for free. Also check if your campus offers movie nights or other activities free-of-charge.

Take advantage of students discounts.

Hundreds of stores and restaurants offer student discounts, so flash your college ID card every chance you get to save money.

Paying for college doesn’t have to cost you an arm and a leg if you prepare the right way. At American Investment Planners LLC, we make it a priority to help you prepare for the best financial future possible. From 529 plans to estate planning, we’re here to help with anything you may need. To schedule an appointment with one of our advisors, please call (516) 932-5130 or email info@americaninvestmentplanners.com.