How to Save Money in College

Budgeting

You may have secured scholarships and financial aid, perhaps even a part-time job, but one of your first 'real world' challenges as an adult on your own will be establishing a budget and sticking to it. Check out some lessons that take just a few minutes to review but can save you hours of time when planning your budget:

• How to Create a Personal Budget: Tools & Examples
• Importance of Allowance in a Personal Budget

Buy Used

From furniture to books and clothing, buying used items equates to more money in your pocket. Find some tips on thrifty spending and some considerations when making major purchases in the helpful lessons below:

• Spending Money Wisely
• Decision-Making for Major Purchases

Get a Roommate

Whether you live on or off campus, having a roommate or two to share rent and utility costs reduces your own out-of-pocket expenses. Some added savings benefits include carpooling to class and splitting the costs of apartment furnishings. The following lessons can help you determine your budget for household expenses and adjust for how many people you live with:

• Household Budgets & Personal Financial Management
• Preparing & Responding to Changes in Income

Cook Your Own Meals

Create a meal plan for the week and prep snacks and meals ahead of time for a quick and easy grab and go meal. You can refer to the lessons below to identify other money management techniques and learn how to set financial goals:

• Money Management: Liquidity & Credit
• Financial Goal: Definition & Examples

Consider Alternative Ways of Earning College Credit

Earning college credits online can save you thousands of dollars in tuition. Find out how to transfer credits earned on Study.com to your school and explore some of the college credit courses we have to offer below:

• How Study.com Transferable Credit Works
• Online College Credit Courses