Learn How to Save Cash as a Broke College Student!
Anyone who’s been an independent college student knows the struggle of surviving a semester. Besides tuition and textbooks, you will have to cover other expenses, such as rent, food, clothing, and other expenses. Living independently as a college student has never been easy, but things are even more difficult now with inflation and rising school costs. If you see yourself spending a lot of cash each semester, you may wonder how to save money as a broke college student.
Fortunately, there are many things you can do to save money and survive your college years! You would simply need to find some spending strategies you can apply to your life and be frugal with your money. However, you might be curious about which tips and tricks can work well for your situation. Take a look at examples of different ways to save money and find a strategy that works best for you:
Make Use of Student Discounts
One of the best ways to save money as a broke college student is by taking advantage of student discounts. Ask any student out there, and they can tell you how different deals have helped them save money throughout school! For example, student discounts like low prices on textbook rentals or laptops can help you obtain the necessary tools for your classes. If you’re looking for ways to wring funding for food, you can find different discounts, like Groupon, for local deals. Additionally, if you want some entertainment, you can use Spotify’s student discount to obtain an affordable subscription with Hulu included.
No matter what you intend to purchase, it’s always good to find a discount to help you out. That way, you can buy the different things you need without reaching or exceeding your budget!
Be as Frugal As Possible
Let’s face it, one of the best ways to save money is to live within your means. As a college student, it is important to look for ways to earn a living on campus. You could get a desk job at the library or even work at a coffee shop on campus! Make sure to save your money each paycheck and budget wisely in order to save as much as you can as a broke college student.
Take Advantage of Meal Plans
When you’re asking how to save money as a broke college student, you should consider using the college meal plans on your campus. Instead of eating outside and spending plenty of cash on those expenses, you can take advantage of the meal plan and eat everything you paid for in advance.
If you’re not on the college meal plan, you could probably find affordable food options on your campus than at a restaurant. Additionally, you can take different snacks from the dining hall to keep you fed throughout the day. Since food can be costly, it’s best to make use of what you have to save money in the long run.
Create a Smart Spending Habit
Walking out of your dorm can seem challenging when everything requires you to spend money. However, going outside is a great way to test your spending habits and learn to be frugal. Consider what items are essential for you and what you really need to spend money on. If you want to spend money on miscellaneous items, divide your money into the 50/30/20 rule to see how much you should spend on things you want. You can save thousands of dollars in the long run once you become more economical with your spending.
Conclusion – There are More Ways to Save Money as a Broke College Student
Although you may have read some strategies on how to save money as a broke college student, you should know there are other ways to get help. Talk to a lot of people for guidance or go online and look around for ideas. Consider which techniques sound good to you and apply them to your everyday life. It’s always good to assess every solution before you decide what to do. If you need money to take care of an unexpected expense, consider applying for a personal loan or a title loan from LoanMart!
