Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

#051 | 10 ways for College Students to Save Money

#051 | 10 ways for College Students to Save Money

Fromfriends on FIRE


#051 | 10 ways for College Students to Save Money

Fromfriends on FIRE

ratings:
Length:
37 minutes
Released:
Jul 20, 2020
Format:
Podcast episode

Description

Our top 10 tips for saving money while in college:  Control your housing expensesGet roommates!It’s fun to meet new people, or live with your friendsCan decrease costs for shared expensesChoose housing wiselyBuy used textbooksA lot of school bookstores have the option to buy used books instead of new.Amazon also has options to buy books usedBuy an older version of the bookSaving money on foodThink/plan ahead – make a list before you go to the storeThink about where you shop - e.g. explore lower-priced stores like Aldi or LidlTake advantage of free food on campusLearn how to cook, even just easy stuff.  PETA college cookbook.  Use pinterest for recipe ideas.Purchase your own coffeemakerSave money by not having to purchase coffee every morningBuy a reusable coffee mugStudent discounts!Tons of places have student discounts, from restaurants to technology productsFind them and use them!Stay on your parents’ insuranceTake care of yourself - minimize health expensesBrush + floss your teeth.Go to student university facilitiesMake money where you can - e.g. Sell items you don’t needSell old clothes (Poshmark, eBay, Facebook Marketplace, Plato’s closet)Side HustlesTutor for subjects or standardized testsLimit spending on alcoholDrink and eat before you go outOrder the drink specialsTake advantage of campus amenities!Your fees include gym access. Use the school gym, don’t buy a membership to another.If you have to pay for “swipes” to a dining hall, use those to get food instead of going out to eat.Learn about other campus amenities and leverage them to avoid other expenses as much as possible.  Free coffee in the library?  Drink it!Finish in 4 years or lessAll of these savings opportunities above are pennies compared to the cost of tuition, expenses, etc. but also the opportunity cost of not-yet-working.  Once you start working, you will quickly be able to get into a better financial position.All that being said, if you can take some time off before you start working to travel do it now!---Show ReferencesPETA College CookbookPoshmarkCreative ways to save money in collegeStudent Guide to BudgetingStudent discounts---Follow friends on FIRETwitterInstagramFacebookLinkedInLeave us a voicemail or text us: 404-981-3370eMail us at:  friendsonfiremm@gmail.comVisit our website: www.friendsonfire.org---Other LinksMaggie’s Blog: Mostly Minimal LifeMike’s Book: Your New Relationship with Money
Released:
Jul 20, 2020
Format:
Podcast episode

Titles in the series (100)

?On a mission to get friends to talk about money ?Sharing our FIRE journeys, personal finance advice, and frugal tips Hosted by 2 Friends on FIRE - Mike + Maggie **Leave a voicemail or text us at: 404-981-3370**