How to Save Money in College

Saving money while in school can be a serious challenge. However, it’s important to cut costs wherever possible – especially if you are a full-time student with limited funds. Thankfully, there are some easy ways to save money in college without sacrificing the fun and excitement of school. Here are some great ways you can reduce your spending as a student:

Check the Library for Textbooks

According to the Department of Education, most students are spending anywhere between $700 and $1,000 per year on textbooks alone. Checking your library for textbooks or finding used copies can save you a significant amount of money throughout your college career. If you do have to purchase a new copy, see if you can sell it back to your school at the end of the term for some extra cash.

Use Your Meal Plan or Learn to Cook

Food costs can really add up, especially if you are eating out several times per week. To save money, try using your campus meal plan as much as possible. Or, if you don’t have a meal plan, now’s a great time to learn how to cook. Buying and preparing your own ingredients can cut your food bill by ⅔, and with a little bit of practice you can learn to make your favorite meals. College cooking doesn’t have to be top ramen!

Ask for Student Discounts

From concerts to coffee shops, many companies offer student discounts that can reduce costs anywhere from 5% to 40% or more. Carrying around your student ID and asking if places offer discounts is a great way to save money while still enjoying the excitement of college life.

Use Your Campus Gym

Gym memberships can range anywhere from $20 to $50 or more per month. So, if you like working out or are a part of your college’s sports team, try using your campus gym membership instead of paying for a membership elsewhere. You may also be able to take advantage of free fitness classes, clubs, or events.

Get the Right Bank Account

Some bank accounts have minimum balance requirements or monthly fees. To save money, it’s important to find a great account that won’t charge you money. With the Carefree Checking account at People’s, you can enjoy easy and reliable banking services – including online – without having to worry about hidden fees.