It’s back to school time! Many college students are on a budget. Becoming smarter about the way you spend your money is the key to financial success. Here are some smart tips to help you save money:
Limit the number of times you eat out weekly
Eating out can add up quickly. Meal planning is a great way to save. Set a goal of how many times a week you allow yourself to eat out.
Buy or rent used textbooks
Textbooks can be super expensive, and you may not need to keep them. Try renting textbooks from Amazon. Also did you know there’s a student discount available on Amazon Prime?
Always pay bills on time to avoid late fees
Late fees are not cheap, adding an extra $30 or so to your bill adds up. Sign up for auto pay or text reminders if possible. If neither are available, set a recurring reminder on your phone.
Build credit while renting
Ask your leasing office about RentPlus. With RentPlus, you can build credit while renting. Simply pay your rent on time, and RentPlus will do the rest.
Shop where they offer student discounts
There are so many places that offer discounts to students. Be sure to take your student ID with you. Also, it doesn’t hurt to ask if they offer student discounts.
Look into a campus gym versus the local gym
Many colleges offer memberships for a free or reduced rate for students. This could save you quite a bit of money each month.
Take advantage of discounted/free activities your campus has to offer
Many campuses have an array of museums, movie nights, sporting events, and more for free or discounted rates.
Water is free and better for you. Fill up a reusable water bottle and take it with you. You will feel more energy if you are hydrated.
Use RentPlus Money
RentPlus Money is a financial management tool that allows you to organize all your accounts in one place, view your income and spending by category, create budgets, as well as set attainable financial goals.
Skipping class is like throwing money out the window. Be sure to attend class since college is costing money.
Never go grocery shopping when you’re hungry
Be sure to eat before you go shopping. This will help eliminate impulse buys, and help you stick to your meal plan shopping list.
How much money could you save by being smarter about the way you spend money? Put these goals to practice, and have a financially successful year.