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5 Tips For Saving Money in College

Aug 31, 2016


College is known for being expensive. In fact, according to The College Board, a "moderate" budget for a student who attended an in-state public college in the 2015-2016 school year was approximately $24,061.

If you are on a tight budget or want to avoid going into unnecessary debt while attending something like a MPA program consider these five helpful tips for saving money in college.

Learn to Prepare Your Own Food


First of all, you should consider skipping all of the dinners out by preparing your own food. Not only can be it be cheaper, but it can be healthier and tastier, too. 


There are lots of simple meals that you can prepare in your apartment or even that you can prepare in a dorm room that can save you money, help prevent the weight gain that can be so common for college students and provide you with better nutrition, too.


Have Roommates


If you are planning on living off-campus, it is a good idea to live with roommates. Even though you might have to worry about the occasional arguments about the dishes, having someone -- or several people -- to split the bills with can help you save a lot of money. 

Plus, it can be safer and more fun to have people to share your apartment with, too.

Consider Ditching the Car


Unless you really need it, consider leaving your car at home with your parents and cancelling your car insurance temporarily, if you can. Many colleges offer free transportation for students, or you can carpool with others students. 

A lot of campuses make it easy to walk from place to place, too, which can be good for your health and can save you a lot of cash.


Skip the Spring Break and Summer Vacations


Even though you might like the idea of going to Mexico or some other exciting destination for spring break or over the summer, it can be best to skip these pricey trips. 


Instead, consider a day trip to a local beach or lake or to another fun nearby place to save money and still have a good time. That way you can make sure that you have enough money to pay tuition.


Take Online Classes


In some cases, taking online classes and living at home or in a more affordable area can save you money. Plus, it can allow you to have a more flexible schedule, which can make it easier for you to work more hours at your job, too. It is definitely worth looking into.

As you can see, there are a few ways that you can save money in college. Give these tips a try to stick to your college budget or to avoid doing in unnecessary debt. Believe it or not, it is actually possible to save money in college.

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