Personal finance

11 Money-Saving Tips For Students

If you think being a student is easy, financially, you have another thing coming. College life has a lot of demands, which need money. Studying means you cannot work full time. So, many learners end up taking jobs on a part-time basis.

School itself is very expensive, and college fees are a pain to pay. In addition, students have to think about buying books. But that’s not all. College life is also demanding because students have to think about life outside campus.

Granted, learners shouldn’t spend too much money on activities outside class. However, there’s always the need to have fun with friends. Also, some need time to see their families, which costs money, too. This is why many students who search for “write an essay for me” prefer to order essays from trustworthy online sites. Remember, it’s vital to keep up with school and have time to connect with your peers and family. Remember, it’s vital to keep up with school and catch up with peers and family.

The good news is that following money-saving tips will save money in areas learners didn’t think they could. The idea is to always spend less and save more. Still, that does not mean living a boring life. Here are eleven great ways to save money.

1. Have a Budget in Place

Keep track of what’s coming into the bank account and what’s leaving. It’s always exciting to go into a store and get the items you want. But the issue is, are they necessary? It’s always best to dedicate a specific amount of money to a specific activity.

Have it in clear writing how much you should spend on shopping, transport costs, and time out with friends. Tracking spending is not easy. It will take time to get used to but it’s worth it.

2. Get Second-Hand Textbooks, Furniture, and Clothes

The number of books needed throughout college life is mind-blowing. However, these books are necessary, so learners will have to get them one way or another. Buying second-hand books is the way to go.

When you finish using the book, resell it. The same goes for clothes and furniture. There are always garage sales and flea markets where you can find great deals. While there are some items that you can’t avoid buying new, consider checking out second-hand stores for the rest.

3. Take on a Side Hustle

Taking on an extra job (or two, if possible) helps boost the money in your bank account. About 15-20 hours every week are enough to earn students good cash. So it’s understandable that some students will need essay writing services to help with the workload.

There’s no need to worry as there are writing services available online. For example, domyessay is a credible service provider. Check this essay pro review online to see what others are saying and ascertain the services are nothing but the best. But, of course, school life should not suffer at the expense of a side hustle.

You can also look for opportunities how to earn some extra money online without having to put a lot of effort into it. One of the options could be money-making apps and specifically the passive income app Honeygain. This app works in the background of your computer or mobile device, and it takes your unused internet bandwidth and pays you real money in exchange. This way, you can continue to earn money even when you are doing research online or studying on your computer.

4. Begin Saving on Utility Bills

Bills like electricity and water can turn out costing quite a lot at the end of the month. If the electricity bill is higher than it should be, consider switching off the thermostat from time to time. Also, leaving devices like computers on when not in use is a great contributor to hiked bills.

Those who share living spaces with friends and colleagues save more if everyone gets on board. Let everyone understand the importance of saving on energy.

5. Become a Minimalist

Most college learners are on the flip side of minimalism. It’s natural to want to buy a lot of things like clothes, gadgets, and shoes. While it’s necessary to look good, it doesn’t mean you should be extravagant just to prove a point.

College life is finite. Therefore, intentional spending should be a mantra for everyone in college. Owning fewer things will get students through school and ready for the workplace. After all, minimalism is an excellent lifestyle to support even after school.

6. Eat Out Less

Learners in college are well-known for ordering take out and spending most of their time in cafeterias. Needless to say, the money spent out eats up huge chunks of money since restaurant food is marked up by a significant amount.

It is better to learn how to make meals at home instead of going to restaurants for all meals. Besides, cooking at home improves your cooking skills. You’ll be a chef by the time you graduate.

7. Don’t Purchase a Car

According to College Parents of America, about 98% of learners on most campuses own cars. However, while cars are convenient because of transportation ease and all that, they are costly to maintain. In addition, upfront costs like insurance and fuel can be hard on your bank account balance.

Using transportation like bicycles and scooters is more economical, especially for those living near campus. Trains and buses are available at much cheaper costs for students living further away. Take advantage of student discounts instead of buying a car.

8. Use Your Discounts

Almost all industries understand that budgets are tight in college. As a result, companies develop incentives and plans to help students afford most things. Students are lucky enough to save on movies, food, travel, and retail.

Software companies also jump in to give discounts on gadgets needed the most. For example, if you present a school identification card in some physical stores, you can get a discount.

9. Reduce and Cut Off Unnecessary Subscriptions

During budgeting, it’s easier to establish what subscriptions are necessary and which are just eating up money. Fortunately, there are free and discounted alternatives. College learners should consider giving up gym memberships.

The high costs of these subscriptions are not worth it, especially if the budget does not allow it. Don’t spend hundreds of dollars on things you can avoid.

Keeping fit is possible through:

  • Cycling
  • Jogging
  • Yoga
  • Taking long walks on campus

10. Re-assess Social Activities

Even in college, maintaining a social life is necessary. Be creative with social activities. For example, instead of going to expensive restaurants, go for a picnic.

Also, going to the movie theater is more costly than watching a movie at home. So make some popcorn and get a good movie. It costs less, and the experience is just as exciting.

11. Don’t Get a Pet

If you love animals, there’s a great temptation to get a pet to keep you company in your dorm room (if pets are allowed) or residence. Pets are cute, no doubt, but they are also expensive. Although it does not seem like a lot for a pet you love, pet owners spend over a thousand dollars annually to care for their favorite animals.

Apart from the costs of food, student pet owners are limited in traveling. It will be nearly impossible to balance school, a side hustle, and a pet. Therefore, save yourself the mental and financial anguish.


Understandably, college students want to live fun and memorable lives. But, that does not mean spending money that’s not there. Unfortunately, many students worldwide are in debt, primarily because of poor money management skills. However, it’s possible to have fun on a budget, so don’t break the bank for that.

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