Today we’re going over my top 6 tips for budgeting and saving money in college. Here are practical and realistic money savings tips and ideas for college students to help decrease student loan debt and help you budget while in college.
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Today we are talking about how to budget and save money in college!
1. Take advantage of deals for college students
You can get deals on Spotify, Amazon Prime, Macs, movie theaters, car insurance and SO much more with just a college ID and/or a .edu email. Make sure to google before purchasing anything to see if they have a college discount or free options for college students! Take advantage of those college freebies and college discounts while you can.
2. Learn to cook a few yummy meals
You don’t need to be a chef, but knowing 2-3 good and easy recipes that you can meal prep for when you get home from work and are exhausted and just want something yummy but easy to eat can save you SO much money on eating out. That way you can use your eating out money for moments you really enjoy it, not just because you’re paying for ease and convenience every time.
3. Schedule classes on the same day
This is a big tip for commuters, but it also really important for non-commuters as well! You tend to spend more money when you’re out and about. So if you can schedule all of your classes on 3-4 days, rather than 5 days a week, you can save tons of money on last minute iced coffee runs and gas!
4. Invite friends over instead of going out
Some of my favorite memories from college were nights in with my roommates, rather than going out. Have people over and split the cost of a few drinks and play some games for a more cost effective hangout!
5. Split expenses with friends/roommates
This goes far beyond splitting rent and utilities. Get on family plans, split streaming subscriptions, and buy in bulk to take advantage of discounts!
6. Cut back on alcohol when going out
Pay all in cash and limit the amount of cash you bring for drinks. We all know it’s easy to justify more drinks when you already have a few in your system, and those $6-$15 drinks add up REAL quick. So bring a credit card for emergencies and limit yourself beforehand to how many drinks you can pay for that night.
7. Automate your finances and budget
Digit partnered with Metabank to bring a newer version of the app, Direct! This automates EVERYTHING! And even gives you daily updates on how much you have to spend after it sets money aside of bills and savings. This is a GREAT budgeting app for college students because it’s automatic and helps keep you on track without spending tons of time or energy on your budget.
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Views expressed in this video are my opinion and should not be interpreted as professional financial advice. I am not a certified financial advisor.
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