The holiday season can create some financial strain for most people, especially college students who are on a budget. During this time of year, the compulsion to spend can outweigh your finances, but there are plenty of ways for college students to control their spending at Christmas and the rest of the year. Check out the tips below to discover some proven ways to save.
Avoid Eating Out
When you live in off-campus housing, cooking meals at home is one of the easiest ways to save money. Remember that the expense of eating out can add up quickly and lead to bad habits, even if it’s only once a week. Buying coffee or snacks from the vending machine can also become expensive and should be avoided. That’s not to say that you should never splurge on a meal out; going out to eat every once in a while is just fine! Try to keep meals out to a maximum of once a month.
Buy Used Textbooks
Textbooks are expensive, so buying used books or renting textbooks is a great option. If your budget is tight, you could also borrow textbooks from the college’s library, your fellow classmates, or friends who are former students. The money you save on books could be put toward more important things or even luxuries, such as holiday shopping. If your books are new, remember to sell them back to the bookstore or online at the end of the semester. This will put a little money back in your bank account – and that’s always a good thing!
Be Smart about Your Housing
Students often think that dorm living is less expensive than off-campus living, but this isn’t always true. For example, sharing your expenses with a roommate (or several roommates) can make an off-campus apartment much more affordable than a dorm. Most student apartments are also inclusive, making them cost-effective for even a single resident. Plus, apartment communities offer amenities that can also help you save money. Amenities like the fitness centre, the cinema, recreation rooms, and laundry facilities at Foundry First can greatly reduce costs for entertainment, fitness, and basic necessities (i.e. having clean laundry). If you’re wondering how to find affordable housing that offers these amenities and more, look no further than Foundry First!
Become a Smart Shopper
The student discount is one of the greatest perks of being in college. These discounts offer lower rates on everything from food to travel accommodations. Flashing your student ID could garner major discounts at restaurants, movie theatres, retail shops, and so much more. Using these discounts can help you save money on essentials, luxuries, and even gifts for the holidays. Clipping coupons is also a smart shopper move; just remember to wait for the sales, stock up, and buy in bulk.
Remember, saving a few dollars here and there can go a long way. Put these tips into action and start saving now!