4 Money Saving Tips for College Students

Money-saving-tips-for-college-students

Being a student doesn’t come cheap these days. The average student debt after graduation in America is $28,950! So any way you are able to decrease that amount during your time at college will pay big dividends for your long-term financial health. Here are our 4 best money saving tips for college students to help get you on the path to being debt free today!

  1. Ditch the car if you can

This is our favorite of our money saving tips for college students. Gas, insurance, car payments and maintenance all add up fast. If you can find a way to make a car-free lifestyle work, you’ll be on the path to big savings. Consider taking public transit, walking, biking or hitching a ride to school with a friend.

  1. Check out books from your school library instead of buying

If you find your textbook expenses too high, see if they are available at your school’s library instead. Many have textbooks on reserve, meaning students can’t take them out for extended periods of time. Many textbooks are also available online if you don’t mind reading from a screen.

  1. Make your coffee at home

Coffee is a crucial source of energy to power you through long readings and nights at the library. If you find yourself constantly buying coffee on campus, remember those costs can add up quick. Making your coffee at home can lead to big savings over time. Invest in a quality thermos and you can keep your homemade coffee warm all day for whenever you need it.

  1. Get some roommates

Living alone is expensive. Not only does the rent cost more, but expenses like electricity, internet and even groceries cost more when you do it solo. So if you can, find a group of people to live with to split these costs. The savings will amaze you!

Want to learn more about saving? Here are 4 things you should never pay for.

Navigation
Google+ Twitter Facebook

Niiwin, LLC is a commercial enterprise and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians, a federally-recognized sovereign Indian nation (the “Tribe”) and operates within the interior boundaries of the Lac du Flambeau Reservation. Niiwin, LLC is chartered under and operates pursuant to Tribal Law. Loans from Lendgreen are governed by the laws of the Tribe, not the law of your resident state.

This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period. The maximum APR on any Lendgreen loan is 795%. Before borrowing, please consider whether you will be able to repay the amount you borrow. Any instances of late or no-payment may be subject to additional NSF and late fees, and collection activities. Cash advance services through this website are not available in all states and state availability may change from time to time without notice. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI, or to members of the military.

Lendgreen does not perform credit checks through the three main credit bureaus (Experian, Equifax, TransUnion). A credit check or a request for your credit report may be executed in some circumstances to determine loan approval status through an alternative provider including but not limited to, Clarity, DataX and Factor Trust. These alternative providers will typically not affect your credit scores.

OLA Badge