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Money-Saving Tips for College Students

How to Save Money in College

Updated: 9/22/2006 3:18:20 PM
 
 
 
 
(ARA) - College is expensive, and we're not just talking about tuition. That may be the biggest chunk, but when you think about it, college kids are basically setting up a second household, and incurring all the expenses that go along with that, from rent if they're living off campus, to long-distance phone service.

Students heading off to college need to furnish their dorm rooms or apartments, which means buying everything from sheets to coffeemakers to futons. And state-of-the-art electronics are a given, such as laptop computers, MP3 players, stereo systems, even flat screen televisions. But despite having all the comforts of home, college students also need money to spend on socializing - movies, pizza and concerts, for example.

All of this adds up, for both parents and students. But there are ways to cut costs without sacrificing the college experience. Here are a few tips.

* Shop wisely -Big box retailers are great sources of basics like bedding and kitchen supplies. Keep your eye on the weekly ads to get an even better deal.

* Take advantage of student discounts - Some computer manufacturers offer discounts to students on hardware and software. Your school may also have a discount program with manufacturers.

* Use your student I.D. - Many businesses offer student discounts or special student nights. Check local restaurants and movie theaters to find these deals.

* Put technology to work - Students can save on their long-distance phone bills by using a voice over IP (VoIP) network like voip.com that provides telephone service via a broadband computer connection. The company's $19.95 premium calling plan provides unlimited local and long distance calling anywhere in the United States, Canada and Puerto Rico.  The plan includes voicemail, call waiting, caller I.D. and call forwarding. You can try the service free for 31 days. Just visit voip.com to take advantage of this offer.

* Shop and save - Buying a coffee on the way to class everyday or heading to the local pizza joint for a late-night snack can add up. Set your alarm so you can make a pot of coffee and grab a cup as you head to class. And keep a stash of snacks on hand as well.

It is possible to save money, do well in school and have fun all at the same time.

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