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How to Save Money Living Like a College Student
Do you ever read those articles that say, “how I paid off $50,000 in debt in 6 months,” or “how I paid off $200,000 of school loans in 2 years?” They sound pretty fantastic, like unbelievable but there is truth to that.
A lot of articles like that kind of tell you surface details of how they accomplished their goal. One thing not often revealed are the huge sacrifices made to save money, save THAT MUCH money in THAT LITTLE time. How? Living like a college student. Find out how…
Save on Groceries
There’s a ton of ways you can trim your grocery budget. Start with these money-saving apps:
- Checkout 51
- Grocery IQ
These apps work in a few different ways.
First, they can identify sales and deals so you know what days to do your shopping to get the best savings. Next, they offer coupons and ways to get cashback. Lastly, many of them have refer a friend programs where you earn a nice bonus if you refer friends and family.
Find Discounts and Deals on Events
We all gotta live right? So what do you do when you want to have a night out? Check out a deal night, like:
- Senior Day
- College Kids Eat Free
- Buy One Get One Free
- $5 Tuesdays
These are just a handful of examples. Head to a discount night like this to save big on bowling, movies, shooting pool, theme parks, and more!
There are many ways you can live a more nontraditional lifestyle to save money:
- Van Living
- Living with roommates
- Renting a room
- Living a zero waste lifestyle
- Take on a second job or find ways to make extra money like this
Use Public Transportation
Save on pricey car payments and fuel costs by using public transit. You can really get away with this in big cities where subways and buses are abundant and cheap.
Learn to Cook
Often overlooked, cooking for yourself can be both nutritious and very cost effective. The price of eating out 4 times a week can be translated to a month of groceries for one, no joke! Then, if you use apps like Ibotta, you can get even more savings!
Save On Your Cell Phone Bill
No more hundred dollar cell phone bills when you go prepaid! I’m making the switch! My cell phone bill is over $350 for me and hubby. Transitioning to a company like FreedomPop will help lower my bill to around $30 or so. And, you can actually get it lower than that. They offer 100% free plans. Check it out.
Make Extra Money With Surveys
Nothing helps you save like increasing your incoming earnings. So, survey taking can help with this a ton. I’ve earned a few hundred in the last few weeks from a handful of surveys. It’s really easy and I feel great providing my opinion and feedback to a company looking to improve and provide quality products and service to customers.
My top survey picks:
Cut Out Extravagances
There are little extras in life that may not be expensive but if you cut out, can help contribute to your savings. If you do this, keep the big picture in mind. It can be a small sacrifice for a big reward in the future. Here are some examples:
- Stop all your monthly paid apps (like monthly music apps, premium cable upgrades, etc.)
- Stop paying for lawn maintenance and do it yourself
- Take shorter showers to save on your water bill
- Set your TV on a timer (sleep mode) at night so it turns off rather than staying on all night
Get Off Cable
Oh no, cable? Yes, cable is a big expense. My monthly cable expense is around $150 month and that’s just for cable, not including internet, phone or anything else. Turning off your cable doesn’t mean you have to go without cable. There are monthly TV streaming services that you can get at a fraction of the cost. Netflix can be around $15/month or Hulu or Sling TV at around $30/month. Come on, going from $150/mo to $30/mo? What a deal, right?
Here are some other cable alternatives:
- Playstation Vue $40/mo
- Hulu Live $40/mo
- PlayOn TV $1.99/mo starting
- Amazon Prime Video FREE with your Amazon Prime membership ($99/year)
So you see, there are tons of ways to save money living like a college student. It helps to have that mentality sometimes to get the best savings. My little sister has graduated years ago and still asks for student discounts or other discounts available, everywhere she goes! And she gets em’ too!
Do you have savings ideas to share? Comment below so we can continue building on the list!