There’s no way around it, university is expensive. Tuition alone costs a lot of money, but you’re also going to have to add on the price of food, textbooks, and a place to live. There are a number of ways to save money without cheaping out so we have compiled some tips to help you save money as a student.
Search for Discounts
If you’re living in a student town, many local places will offer discounts whether it’s a coffee shop or the grocery store. Amazon also offers a free 6-month Prime membership to students who sign up with their school email, which gives you access to free shipping and great deals on textbooks. Textbooks from the school bookstore are usually really overpriced but thankfully there are a few ways to get them cheaper. Kijiji or Craigslist are possible alternatives as well as facebook pages where people buy and sell their textbooks.
The More the Merrier
Living with roommates is a great way to save money on rent and utilities. Choosing to live with other people also allows you to search for a larger place and can open up your search range to allow you to afford places in neighborhoods you might not be able to afford on your own. Instead of you being responsible for water, electricity or wifi, you have someone to split the costs with. Check out our article on finding a roommate for more tips.
Have a Budget
Budgets are a good way to track your costs and to actually visualize the money you are spending. Setting a budget is easy, but sticking to it is the hard part. Setting a weekly budget allows you to save money while also ensuring that you’re not spending money on things you don’t need. You can also create an incidental fund within your budget so in the of an emergency you have some spare cash. Mint is a great app that easily lets you create a budget and implement it.
Many banks offer student rewards credit cards, and these are a great way to earn travel rewards points or get cash back on the purchases you make regularly. Putting regular purchases on your credit card also allows you to build credit, which will really benefit you in the future if you’re looking to take out a loan or buy a house, or event rent another apartment. Paying your rent with your credit card is an easy way to earn rewards fast. For more information on how you can pay your rent online using a credit card, head to RentMoola.