Tips for Saving Money in College

Even students who are working a part-time job find college life expensive. If you have no source of income, it can be extra difficult. Whatever your situation, you need to find as many ways to save money as possible without cutting out all the pleasures in life.

1. Buy Used Textbooks

New textbooks have a high sticker price. The good news is it’s often unnecessary to purchase them new. Students who are graduating or finishing a class no longer have any need for their textbooks and are often looking to sell. In fact, you may be able to save all your money by borrowing books from another student or from the college library.

2. Pay in Cash

Paying in cash makes it easier spend less. If you do need a credit card, never spend more than what you have in the moment and make sure you always pay off the balance in full each month.

3. Find Cheaper Housing

One of your biggest expenses is student housing in Peterborough. Students looking to save money should move off campus into rented rooms and apartments. This is almost always cheaper, even when the rental is right by campus.

4. Work Hard to Graduate on Time

Spending an extra semester in college will add to your expenses. You will not only need to continue paying for tuition, you will be missing out on the opportunity to work full time and start paying off your student debt. Do whatever it takes to pass classes now, even if it means more expenses in the short term, like tutoring.

5. Make Full Use of Campus

There are plenty of free resources and activities on campus. Check these out before seeking paid options. For instance, your college may hold free movie nights, social events, and fitness classes.

6. Buy a Coffee Maker

If you can’t manage without your morning coffee, purchase a coffee maker for your room or apartment. You could share with friends to split the cost and make it even cheaper. Even if you need to pay for the whole machine yourself, this is much cheaper than buying coffee on a daily basis.

The place to save the most money is likely accommodation. This means seeking out better student rentals in Peterborough and students can find off-campus residence in Severn Court. The housing is just for students, includes everything you need, and offers flexible lease options to help you save even more money.