Money Saving Tips For College Freshmen

Tuesday, April 08, 2014

Adjusting to college life can be an exciting yet eye-opening experience for students, especially in terms of finances. Transitioning from living at home in high school to living on your own on campus requires a careful eye on budgeting, even if you have access to mom and dad's credit card. By following these money management tips for students, you can stay on top of your finances and keep your college focus dedicated to what matters: your education rather than debt.

Invest In A Coffeemaker

Coffee can be student's best friend in college, but it can also be the most expensive. With the average coffee shop cup of Joe costing around $3 and more frilly drinks ranging upwards of $5 each, just one coffee-filled drink a day can cost between $90 and $150 a month. By investing in a coffeemaker, you can save up to $1,000 a year and have the added convenience of having coffee when you need it which can be especially useful during those 2 a.m. study sessions! If you want to make it even more affordable, go in on the cost of a quality coffee maker with roommates—you’ll have a longer lasting model and pay less to have it.

Find Cheap College Textbooks

Full-time students spend an average of $655 on required course materials each school year according to the National Association of College Stores. While this price is accepted by many students as an essential cost, you can cut the amount you spend on required reading by renting books with online companies such as Chegg, exploring the on-campus library for extra copies, or seeing if your professor has extra copies to lend out to students. has some excellent resources for used texts, but buyer beware: comparing prices first is essential to making sure you get the best deal. Look for free shipping too—heavy books should ship for free, and that means savings for you.

Utilize Student Discounts

College student identification cards often come with a variety of perks, so utilize them to your advantage! With many clothing stores offering 10% discounts, grocery stores that can offer 5% back and a variety of others, the savings truly add up over the course of an academic year. There's no need to pay more for items than you have to, so make sure you get all discounts that are offered, especially when traveling on student holidays, as it's very common for airlines or buses to offer discounts for students.

While students and their parents are aware of  the upfront costs of college, by utilizing discounts and cutting back on luxury items you can be cognizant with hidden costs as well. Through keeping a record of all expenditures, students will have more accountability on their spending habits, and have a better understanding of how these money management tips for students can be beneficial to their budgeting during their freshman year of college.

It’s important to remember there are allies to all kinds of on and off-campus groups, including budgeting workshops for students and parents, as well as organized events to raise money for books and more. For students who still feel they need more financial advise, college guidance counselors are a wealth of information on budgeting, saving, grants, and more.

You Might Also Like

0 kommentarer


4-Slice Toaster AC Accessories Air Air Conditioners Air Purifiers Air Quality Animals Animals - Horses Apartments Apartments - College Appliances Architecture Attic Auction - Home Australia Away from Home Babies Baby Furniture Baby Shower Backyard Activities Backyard Revamp Baking Baptismal Basements Bathroom Bathroom Pampering Tips Bathtubs Beat the Heat Bedroom Bedroom - Luxury Bedroom Ideas Bedroom Mistakes Beds Bidets Bills Blinds and Curtains Blogs Boilers Budget Style Buying a Home Cakes Canine Canopies Car Maintenance Care Homes Carpets Carpets and Rugs Cars Cars - Uses Cats Ceiling Fans Celebrations Children Chores Christening Ideas Christmas Christmas lighting ideas City Life Claims Cleaning Cleaning Services Coffee Tables Comfortable Living Commercial Lease Common Problems Community Spaces Concrete Condo Condominium Conservatories Cool Stuff Cooling Ideas Cost of Living Costumes Couch Credit Scores Curbs Curtains Curtains - Scalloped DA Dates Decking Dining Room Dining Table Dishwashers Display Racks DIY DIY - Carpet Cleaning DIY - Cleaning Products DIY - Soundproofing DIY Addiction DIY Schools Dog Breeds Dogs Dogs - Diet Dogs - Health Dogs - Hygiene Doors Dream Home Dreams and Hopes Earning Tips Eco Friendly Ideas Eco-Friendly Eco-Houses Electric Bills Energy Saving Tips Energy System Entertainment Room Entertainment Space Ethical Living European Inspired Expo Extra Rooms Family Family Room Fans Few Things in Between Filters Fireplace - Outdoor Fireproofing First Time Homeowners Flags Flooding Flooring Flooring - Bamboo Flooring - Tiles Florida France Furnace Furnished Properties Furniture Furniture - Dining Sets Furniture - Shopping Guide Gadgets Garage Garden Gardening Gardening - Allotments Germ-free Home Gift Ideas Gift Ideas - Babies Gift Ideas - Christmas Gift Ideas - Him Gift Ideas - Home Gift Ideas - House Warming Gift Ideas - Kids Gift Ideas - Parents Gift Ideas - Personalized Gift Ideas - Valentine's Day Gifts for collectors Gifts for her Go Green Living Grass Green Living Halloween Health and Home Health and Lifestyle Heater - Heat Pumps Heaters Heaters - Parts Heating Hen Parties Holiday Homes hom home Home - Building Home - Gadgets Home - Luxury Home - Technology Home Accessories Home Appliances Home Builders Home Buying Home Cooking Home Decorating Home Decorating - Christmas Home Designs Home Disasters Home Essentials Home Extensions Home Flooring Home Heating Home Hunting home imp Home Improvement Ideas Home Insurance Home Investing Home Maintenance Home Office Home Organizing Home Projects Home Reconstruction Home Redesigning Home Remodeling Home Renovation Home Repair Home Repair - Foundation Home Repair - Professional Home Restoration Home Safety Home Security Home Spas Home Tech Ideas Home Theater Home Upgrades House Problems House Warming Household Chores Housewarming Gifts Housewarming Party HVAC Hygiene IKEA Indonesia Indoor Designs Insulation Insurance Insurance - Car Insurance - House Insurance - Pets Interesting Architecture Interior Additions Interior Design Interior Design - Modern Interior Ideas Jewelry Jewelry Organizer Keeping Warm Kitchen Kitchen - Cabinets Kitchen - Spanish Inspired Kitchen Designs Kitchen Flooring Knives Landscaping Lawn Mowers LED Lights Lifestyle Lighting Lighting - Chandeliers Lighting - Garden Lighting - Lamps Lighting Options Lights Living Room Living Room - Designs Loans Loans - Home Loft London Luxury Home Luxury Houses Maintenance Malls Minimalist Mirrors Mitigation Mobile Apps Modern Home Designs Money Saving Tips Morphy Richards Mortgage Moving Moving Tips New Home Nursery Online Shopping Orangeries Organizer Organizing tips Outdoor Designs Outdoor Living Outdoor Living - Furniture Outdoor Living - Patio Outdoor Room Outdoor Spas Ovens and Cooktops Painting Paintings Parenting Parties Passion Patio Pest Control Pets Pets - Ailments Pets - Cats Pets - Dogs Pets - Health Pets - Sitters Pets - Toys Phones Pillows Plans and Visions Planting Ideas Plastering Plumbing Plumbing Issues Pool Accessories Pools Power Cut Quilts Quotes Rabbits Real Estate Recycling Relationships rent Renting a Home Retirement Reviews Rodent Problems Romantic Dates Roofing Roofing Contractors Safety tips Saving - for a Home Saving Tips Saving Tips - Water Security Self Improvement Selling Your Home Septic Tanks Shaving System Shaving System - for Men Shopping Shutters Sinks and Countertops Skincare Sleep Small Spaces Sofa Soft Furnishings Solar Energy Solar Panels Soundproofing Space Saving Ideas Spring Ideas SR Stains Steel Storage Ideas Student Life Study Room Summer Survival Tips Taps the UK the USA Toaster Toilet Toolbox Tools Travel Treehouses Trends Trimmer Trimmer - Cordless Trimmer Tubing TV Bench Urban Living Vacation Preparation Valentine's Day Ventilation Video Surveillance Vine Covered Homes Vineyard Vintage-Inspired Walk in Wardrobes Wall Decorations Wallpaper Wardrobes Washing - Clothes Water Water Damage Water Heaters Water Softeners Water Usage Weather Welding Windows Wine Racks Winter Tips Wish List Wood Work Area