Posts Tagged ‘ Saving ’

10 TIPS FOR SAVING $$ AT COLLEGE


CollegeStudent-Pig1. Create a budget before heading off to school.

Sit down and evaluate how much money you have to spend and what you will need to be spending it on. Will you have a job at school? How much spending money will you allow yourself a week? Do you need to go grocery shopping or do you have a meal plan? Are there bills that you will need to pay monthly? What forms of transportation will you be using? Prepare yourself for your regular expenses and put aside money for the fun things that you want to do!

2. Saving money on text books – shop around.
The biggest mistake many college students make is buying textbooks from their school bookstores. Often times many online distributors such as Amazon, Chegg and eBay offer textbooks at a fraction of the original price. Used books are significantly less expensive than new books. Renting a book is a great option. Whether you rent or buy your books, if you don’t need them for reference for subsequent classes, sell them at the end of the semester. Many online distributors buy back used books and their websites will direct you through the sell-back process (sometimes with free postage). Check with your campus bookstore for their book buy-back process, too.

3. Limit the amount of times you eat out.
Once you reach that limit, cut yourself off. Also, check your meal plan – does it offer “swipes” at partnering restaurants near campus?

4. Cut out excessive habits.
There is always that one weakness that ends up costing you an enormous amount of money. $4 a day for coffee before class is $20 a week! That would be $300 a semester on coffee! What could you do with $300 in your pocket?

5. Always pay your bills on time.
Skipping a bill here and there doesn’t seem like a big deal, besides you’ll pay them eventually, right? This can actually end up costing you hundreds of dollars in late fees and even ruin your credit score. If you need a reminder, make a calendar of when all the bills are due, that way you will never miss one. You can also use an online bill pay service to schedule your payments.

6. If you don’t need it, don’t buy it.
Let’s be honest, you don’t really need 200 channels of football. Use that money for something more useful or on something you can’t go without.

7. Do you really need a car at school?
Many colleges offer free student bus services around campus/town or rides to the airport, bus terminal or the train station. Check with your school for options. Many offer day-long bike or car rentals for a nominal fee.

8. Take advantage of free on-campus activities.
Many colleges and universities offer a variety of free social events on campus. Remember, you pay a student activity fee, so take advantage of these events.

9. Do not use loan money for anything that does not go toward your education.
Your student loans are for your tuition, room and board, and educational expenses. Borrow only what you need and don’t use this money on anything else. Remember, you have to pay them back once you are no longer in school.

10. Flash your student ID for discounts.
Many businesses  including movie theaters and restaurants offer student discounts. Always ask and show your ID.

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Guest Blogger: Megan Lopez, Marketing Intern (student at St. John’s University, New York)

How you can save money and make money on college textbooks!


TextbooksNo one likes spending their hard-earned money on textbooks. Unfortunately this is something every college student goes through each semester. Don’t worry though, because there are steps that you can take to save money and even make money each time you go through this process!

First, do not wait until the last-minute to buy your textbooks. Give yourself time to shop around and find the best deals out there.

The next thing you must do is make a list of each book you will need. Look over the books and decide which books you will rent and which books you will buy to keep for long-term use. Often times if the textbook contains information you may be able to utilize for your major, it is a good idea to hang on to the book as you may need it again.

Now you can begin shopping around! Avoid your school book store if at all possible. Amazon, a major online retail store, carries hundreds of textbooks that you may find easily by simply entering your textbook’s ISBN. If the book is in stock it will appear with price options for renting, buying used and buying new textbooks. Other websites that offer the same services include Chegg.com, BookRenter.com and Textbooks.com. These are just a few examples of companies that offer these services, as there are dozens available online.

Another option to save money is by sharing textbooks with friends. If you and a friend are taking a class at the same time it may be a good idea to split the cost of the book and share. Keep in mind that everyone in the same major takes primarily the same classes, so ask around and see if anyone has some old text books lying around that may be of use to you. EBooks are also becoming popular with college students, as they can also be significantly cheaper and are available instantly upon purchase.

Finally, when the end of the semester rolls around (which will be quicker than you think) look into selling back textbooks that you will not be using again. Just like buying textbooks, it is a good idea to avoid selling back to the bookstore, unless you’re okay with only getting a few bucks back. I don’t know about you, but I want to make as much money back on the book as I can!

Many online textbook retailers offer services to buy back books as well. After all, that is where all those cheap used textbooks you bought came from anyway. Selling back is simple and painless. On Chegg.com you simply click the “more” button on the upper right hand corner of the website and hit “sell back” to get a quote on the textbook you wish to sell by entering the ISBN number. Then, you simply agree to sell the book, enter your information and ship the book!

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Guest Blogger: Megan Lopez, Marketing Intern (student at St. John’s University, New York)

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