How Students Can Spend Less and Save More | Ask the Experts
Going to college is exciting. In fact, many people describe their undergraduate years as the best four years of their life. However, for some, it is also a difficult time financially. Even if you are able to hold a full-time or part-time job, you still have to pay for books, tuition, housing, and more. Fortunately, however, there are plenty of strategies students can use to spend less and maybe even save a little too.
Don’t pay for things you don’t need
They say nothing is free in this world, but that’s not necessarily true. In fact, if you’re a student, there’s actually quite a bit you can get for free. And, if you are struggling financially, it is certainly wise to take advantage of these things. Whenever you buy something, always ask if there is a student discount and be prepared to show your student ID. You’ll often get discounted prices on everything from movie tickets to car insurance. Plus, there are plenty of things you could enjoy for free, such as:
Feel free to ask other students about free offers in your area or do a little research on your own. You will probably be surprised at the free and discounted products and services you are missing.
Ignore brand new textbooks
The exorbitant prices of textbooks have long been a major scourge for students. But, thankfully, many colleges are ditching textbooks or at least reducing their reliance on them. If you’re not sure where your school stands, at least wait until you buy your textbook after the first day of class. Your teacher might just tell you that textbooks aren’t strictly necessary. And, if they are, there are still ways to save. You can often buy used textbooks online or at a retail outlet for a fraction of the price. There are also services that offer textbook rental. Also, your college bookstore or other area stores might be willing to buy back your lightly used textbooks. So, if you are forced to shell out the full price, take care of those manuals so you can benefit from them later.
Consider a loan
While these money saving tips can certainly be helpful, they may not be enough for all students. If this applies to you, there are other options available, including a loan. In fact, if you own a car, you may qualify for a car title loan. These loans allow you to use your vehicle as collateral and usually provide quick financing when you need it most. If this sounds good to you, just do a quick search for car title loans near me. You can also research other types of loans, including those specifically for students and tuition.
If you’re struggling to make ends meet as a student, know that you’re not alone. But, at the same time, do your part to improve your financial situation. Also, if you manage to save some money, at least put some aside for a rainy day or just for the future in general. After all, the sooner you start saving, the sooner you can start down the road to financial security.