Between tuition, room and board, and extra expenses, college can be very expensive. College students are often on a tight budget and should take steps to save money whenever possible. Here are some ways to pinch pennies while in college.
Step 1: Eliminate impulse buying. Though it may be fun to buy something unneeded while out shopping, avoid the temptation. Stop to determine whether the item is truly necessary before forking over the cash.
Step 2: Stop bad habits that cost money. Smoking, drinking alcohol, and even the daily coffee from Starbucks cost money. Cut out these habits and you will be amazed at the amount of money you save. Put the money into a jar each day rather than spending it and then deposit it into a high-yield savings account.
Step 3: Avoid Peer Pressure. Just because other students have the latest gadget does not mean that you need to purchase it. Stay within a budget and purchase only those items that are required for classes.
Step 4: Bargain shop. Whether it is purchasing only those food items that are on sale or clothes on clearance, engage in bargain shopping practices. Purchase used books or rent textbooks rather than buying new ones. When dining out, order one of the daily specials. It often comes with a drink and dessert, things the items on the regular menu do not include.
Step 5: Visit the library. Libraries allow patrons to take out not only books but also DVDs and CDs at no charge. Save money by getting these items through the library rather than buying them or enrolling in a movie subscription plan.
Step 6: Look for entertainment discounts. Museums offer free visitor passes during several months of the year. Matinee movies can cost almost half the price of a nighttime showing. Stores often provide coupons for discounted admission to attractions.