College can get quite expensive, and not just because of the books and the tuition cost. When you go away to college, all of your normal habituals will be disrupted and you will spend a lot of time learning about the new area your in, and getting comfortable to your new surroundings.
In life, there is the time where you are fully supported by your parents, there is the “real world” where you have to take care of yourself, and then there’s college – the in-between state. And being social in college can end up costing you a lot of money.
It’s been estimated that a college student can spend more than $23,000 a year on things unrelated to tuition. That’s a mighty bill, and many college students that do not have jobs usually use credit cards to get most of their spending done.
Clothes, food, entertainment, your cell phone, your coffee, and your social life all add up. There are basically four different types of expenses besides the actual tuition:
- Room and Board
- Books and Supplies
- Personal Expenses
Out of these four, room and board is usually the most expensive. A student can spend close to $8,000 in room and board fees alone – and this is something that usually mandatory, so there’s no way around it. If you want to start saving money at college you have to start planning and spending wisely in the other three areas. Here are some ways that you can save monster amounts of money during your four years at college:
- Buy a coffee maker
- Invest in a Bike
- Use a family plan for cell phone
- Buy store brand foods
- Memorize food deals in your local area
- Use price comparison sites like We Compare Books to buy cheap textbooks and resell books
Another great way to save money is to trick yourself into saving money. There are many ways to trick yourself into saving money, but one of the main ways you can do this is by purchasing gift cards right when you get your money. This may seem odd at first, but once you figure out your daily routines you will usually know where you will end up on certain days of the week, and setting a balance for those days and nights at those certain places can really help avoid any extra spending. The best part about this is that you can usually find gift cards to places on different auction sites on the Internet where you can pick up gift cards for half the price.
The best way to save money can be summarized with one word: Studying. There are a lot of distractions in college, and not only does studying help you save money, but it helps you make more money in the future as well!
This guest post was written by Philip Russell.
Philip helps to run and maintain CreditDonkey.com, which is a web site that helps people find the best small business credit cards.