Plan For College

Thursday, June 9, 2011

4 Great Ways to Save Money in College

You've heard it before: "I'm just a poor college kid." Well, it's true. Many college students try to make it through the school year on last summer's earnings, or work part-time to generate some minimal income. As a recent college graduate, I have some simple advice for all the college students out there. By using these four suggestions, I promise, you'll save more money than you used to.

The first step to saving money, is understanding where all that money has been going! Mint.com is a free personal finance software that allows you to easily track your budget. Mint securely pulls in your bank accounts and creates an intuitive dashboard for managing your money.

After your budget is in place, you need to take a look at some of your bigger expenses as a college student. Did textbooks come to mind? Half.com is an eBay site dedicated specifically to buying and selling your textbooks online. When it comes time to buy your textbooks this year, try Half.com and see how much you save.

We all know Craigslist. I am recommending to check out Craigslist when buying the essentials for your dorm room or apartment. What you may not know about Craigslist is that it has a "Free" section in the For Sale category. Instead of buying that futon for your triple, check to see if someone wants to get rid of one in your area!

Eat at the dining hall! 
This one is simple, but so many college students eat out these days. The reality is that eating out is expensive. Next time you and your friends are planning to eat out, stop and think about the dining hall. 

What other tips do you have for saving money? Share them on our Facebook wall.

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