20 Insanely Easy Ways to Save Money in College | Money Saving Tips You Need to Know (2024)

Are you a student searching for some easy ways to save money in college? Being a college student is challenging because this is probably the first time that most of us are learning to budget and purchase essential things for ourselves. In my three years of college, I have learned a few money hacks that will help you save money on shopping, grocery, transportation, travel, and educational expenses. I completely understand the struggle, which is why I am sharing some really smart and easy tips to help you save money.

Related: Cheap Back To School Supplies for 2020-2021 + Free Checklist

Related: Everything You Need to Pack for Your Dorm + Free Checklist

Navigation for this post to make your life easier 🙂 :


Transportation and TravelEducation

1) UniDays

If you’re a student, the first website that you have to check out for is UniDays. UniDays offers students FREE online and in-store discount codes for your favorite stores such as H&M, Kate Spade, Aerie, and so much more. Not only do they offer discounts for clothing stores but also for beauty, food and drink, health and fitness, lifestyle, technology, and athletic stores. They even give students $20 Costco Shop Card and $15 Sams eGift Card! It seems too good to be true, but ya better believe it. I’ve used my Unidays codes countless of times throughout college, and it has saved me tons of money.

Click here to join UniDays for free!

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GET YOUR FREE COLLEGE PACKING LIST FOR 2020

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Trust me. This free college packing list will make packing so much easier for you! Click the button below to receive it directly in your inbox.

2) Rakuten/Ebates

Did you know that there’s a way for you to shop and get cash back?! Rakuten (previously known as Ebates) will literally pay you to shop at your favorite stores through their site. Just like Unidays, it is free to join Rakuten, and it offers cash back for a variety of stores (clothing, beauty, groceries, travel, etc.).

Although Rakuten is not limited to just students, we students are at an advantage! Some of the websites on Rakuten are also offered on Unidays. This means that we can apply Unidays discounts and get cash back from Rakuten while shopping! I recently found out about Rakuten this year and wish that I had joined sooner.

If you join Rakuten through this link and eventually spend $25, you’ll get $10 back immediately!
Click here to join Rakuten for free.

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3) Honey

Just from its name, you can already guess that Honey gives you some really sweet deals with zero effort on your part. Honey is a FREE Google Chrome extension that will instantly generate coupon codes for a website and apply it to your cart while you are shopping. You no longer have to waste time searching for coupon codes because Honey will automatically do it for you! Be sure to check if you can add UniDays codes and Rakuten cash back on top of Honey.

Click here to get Honey for free!

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4) Ibotta

Ibotta is an app that also offers amazing cash back deals to your favorite grocery and retail stores. The difference between Ibotta and Rakuten is that for Rakuten, cash back applies for everything you purchase at a store. For Ibotta, there are cash back deals for specific items at that store. It’s important to note that most Ibotta deals are limited time offers! Once you’ve purchased the item in store, all you have to do is scan the barcode at the end of your receipt and the app will verify that the deals apply. If all goes well, you’ll get cash back! Some of the major stores that are offered are Walmart, Target, Rite Aid, Raley’s, CVS, Walgreens, Safeway, and so much more. Join Ibotta to find out if the products that you buy are redeemable for cash back!

Click here to join Ibotta for free!

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5) Buy Groceries in Bulk

If you’re buying nonperishable food or house supplies, try buying in bulk to save extra money! Costco is the best place for everything you need in bulk. Make sure to claim your $20 Costco gift card from UniDays, and sign up for Ibotta to get cash back in-store!

6) Amazon Prime

Amazon is like the Costco of the internet. Everything you may possibly need can be purchased through Amazon. As a college student, it can be inconvenient to buy last minute essentials off campus because you may not have a car or enough time. Most colleges now have an Amazon store or hubs where you can easily pick up things you bought on Amazon. With an Amazon Prime account, you can have your items shipped in one day and sometimes even the same day. Instead of spending time and money on an Uber, all you have to do is walk to the Amazon store or hub at your school to pick up your items.

When you sign up for Prime Student, you get 6 months of Amazon Prime for free! You’ll gain access to same/one-day delivery, free shipping, exclusive discounts just for students, and Prime Video (Amazon’s version of Netflix).

Click here to get Student Prime for free for 6 months!

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7) Buy a Water Filter

Instead of buying bottled water every week, it’s a good idea to invest in a water filter. You’ll save money and time because you won’t have to continuously go to the store and restock on bottled water. You’ll also be helping the environment by reducing plastic usage. If you’re able to buy something that’s reusable, do it! Below, I’ve linked some really popular water filters that most people in college have. I’ve tried the Brita Filter and Zero Water Filter, and the water that gets filtered tastes great for both!

Related Post: 10 Must Have iPad Apps for College
Related Post: Cheap Back to School Supplies for 2020

TRANSPORTATION AND TRAVEL

8) Airbnb

Are you and your friends planning a getaway trip from campus? You can book some affordable rooms or houses through the website Airbnb. For example, you can find whole apartment studios for less than $40 per night! If you’re splitting the cost with others and planning to cook, you’ll be saving tons of money. Sign up through my link below to get $55 off your first trip!

Click here to get $55 off your first Airbnb trip!

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9) Rideshare Pools

A hack that I’ve learned for ridesharing is to use their Pool or Shared option to get cheaper rides. With the Pool option, you will share a ride with someone else that’s going the same direction as you. However, most of the time, you may not even end up sharing a ride with anyone. This means that you can get a solo ride for a way cheaper price! Also, remember that you can get some sweet deals for Lyft with Rakuten! Rakuten is offering $0.20 cash back for every ride you purchase through Lyft, as well as $10 cash back for your first ride.

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Click here to Join Lyft! 

Once you download the app, use my code p31beauty in the Free Rides screen for a free surprise. 🙂

Click here to get $0.20 cash back for every Lyft ride and $10 cash back for your first ride!

10) Use Public Transportation

Besides walking or biking, the cheapest option for getting around is taking public transportation! Most schools have either free or discounted public transportation deals, so make sure to take advantage on them. I take the bus everyday to and from campus because college parking passes are super expensive. I do have a night and weekend parking pass, which is way more affordable. If I need to be back on campus at night, I usually bus home and pick up my car. I highly recommend getting a night and weekend parking pass if you live near campus and want to save money!

11) Carpool

You could also carpool with a buddy and split the parking fees if that works for you!

GET YOUR FREE BACK TO SCHOOL SUPPLIES CHECKLIST FOR 2020

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Trust me. This free back to school supplies list will make shopping so much easier for you! Click the button below to receive it directly in your inbox.

EDUCATION

12) Sell/Rent/Buy Textbooks through Amazon

Textbooks sold on campus are incredibly expensive. We’re already spending so much on tuition! To get the cheapest prices for textbooks, I highly suggest renting them out because what are the chances that you’ll use it again once your class ends? You could also sell your old textbooks to make a few extra dollars! A great place for selling, renting, and buying textbooks is Amazon. For example, a new 11th edition Campbell biology textbook is originally $234.99 from the publisher’s website. Through Amazon, you can rent out the textbook for $19.99 and buy the eTextbook for $59.99. In addition, those who have Prime Student can get free two-day shipping on all textbooks. This is another incentive to get Prime Student! 🙂

Click here to get rent/buy/sell your textbooks on Amazon!

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13) Sell/Rent/Buy Textbooks through Chegg

Chegg also sells, buys, and rents out textbooks. Looking at the same Campbell textbook mentioned above, Chegg is offering it for $24.99 to rent! If you end up renting the textbook, you’ll get free shipping if your order is over $35 and free returns for all orders.

Click here to buy, rent, or sell your textbooks through Chegg!

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14) Adobe Creative Cloud

Do you want access to the best photo and video editing softwares such as Adobe Photoshop, Lightroom, and Premiere Pro? Look into getting Adobe Creative Cloud, which is only $19.99/month for students for all of the Adobe apps. It may be free from your school as well! Regular price is $52.99, so you’re getting over 50% off. Personally, I use Lightroom all the time to edit my photos, and I use Photoshop to create graphics for my blog. I’m sure that Adobe Creative Cloud is not the only expensive product that gives major discounts to students! Always look to see if a company offers student deals.

Click here to get Adobe Creative Cloud!

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Groupon/Spotify

15) Groupon

Groupon is a must-have if you want discounts for local attractions, businesses, restaurants, and products! Local businesses are able to advertise deals through Groupon. If you end up purchasing them through Groupon, all you have to do is show your confirmation email at the location. I’ve used Groupon for restaurants around my campus, as well as eyebrow threading. Girls, you know how eyebrow threading can be expensive! Through Groupon, I purchased a deal where I got 3 threading sessions for only $22!! It’s free to sign up for Groupon, so be sure to check out the deals around your area.

Click here to join Groupon for free!

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16) Spotify, Hulu, Showtime Deal

Spotify has a really awesome deal where students can get Spotify Premium (no ads!), Hulu, and Showtime all for only $4.99/month. This is honestly so worth it for me because I listen to music all the time while I’m walking to class and studying. In addition, my favorite shows are on Hulu such as This is Us and Killing Eve! This is definitely a steal.

Click here to get Spotify Premium Student!

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More Tips!

17) Buy Used Items Locally

Many colleges have Facebook pages set up for students to sell their used but good quality items. For example, UC San Diego has a page titled “UCSD Free and For Sale 3.0” where UCSD students and alumni sell everything from furniture, kitchen appliances, to clothes. Personally, I’ve used this Facebook page to buy my bed frame, which was only $50! Normally beds frames are over $100, so I was really happy that I could save over $50. If you don’t have a car for pickup, some sellers are willing to drop off items or meet up for free or a small fee. You can also search for used items in your surrounding area on Facebook Marketplace or Craigslist!

18) Shop in the Sale Sections Online and In-Store

Whether you’re a student or not, there’s no shame in heading straight to the sale section when entering a store. Believe me, I do it all the time haha! Imagine how much you’ll save when you purchase things from the sale section and apply your Unidays and Honey coupons and Rakuten cash back. That’s a lot of money!

19) Sign up for Rewards Cards at Your Go-To Grocery Store

If you get groceries every week, you might as well sign up for your go-to store’s rewards program to save extra money! Most stores offer free rewards programs and will give you a rewards card for signing up. This is absolutely not a credit card! With a swipe of the rewards card, you’ll get the lowest prices that they offer.

20) Split Groceries and/or Supplies with your Housemates

The title pretty much sums it up! If you know you won’t be able to finish a grocery item before the expiration date, then you should see if your housemates would be willing to share with you. Together you can save money and prevent wasting food!

Thank you so much for reading! Let us know in the comments if you used any of these tips. If you have any other suggestions, let us know down below as well!

love,
blaze ann

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20 Insanely Easy Ways to Save Money in College | Money Saving Tips You Need to Know (2024)

FAQs

What is the 50 30 20 rule? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What are the 4 steps to saving money? ›

Let's start with your monthly budget.
  • Step 1: Make a budget. A written budget maps out your income and expenses by showing where your money goes, month-to-month. ...
  • Step 2: Plan your savings. That extra money can build for the future. ...
  • Step 3: Manage your debt. ...
  • Step 4: Invest.

What saves you the most money in college? ›

How to Save Money as a College Student
  • Buy Used Textbooks. ...
  • Cook Your Own Meals. ...
  • Take Advantage of Student Discounts. ...
  • Use Public Transportation. ...
  • Avoid Credit Card Debt. ...
  • Find a Part-Time Job. ...
  • Save on Entertainment. ...
  • Take Online Courses. Lastly, consider taking affordable online classes when you can.
May 15, 2023

How to aggressively save money? ›

How to Save Money
  1. Set a savings goal.
  2. Set up direct deposits to go into savings.
  3. Buy generic.
  4. Stay out of “that store.”
  5. Cancel some subscriptions and memberships.
  6. Join gas rewards programs.
  7. Meal plan.
  8. Use cash-back apps and coupons.

How to budget $4000 a month? ›

making $4,000 a month using the 75 10 15 method. 75% goes towards your needs, so use $3,000 towards housing bills, transport, and groceries. 10% goes towards want. So $400 to spend on dining out, entertainment, and hobbies.

What is the 20 savings rule? ›

Budget 20% for savings

In the 50/30/20 rule, the remaining 20% of your after-tax income should go toward your savings, which is used for heftier long-term goals. You can save for things you want or need, and you might use more than one savings account. Examples of savings goals include: Vacation.

What is the golden rule of saving money? ›

The basic principle of the golden rule of saving money is to save at least 20% of your income. This includes any form of income, such as salary, bonuses, or freelance earnings. By consistently saving a significant portion of your income, you can build a strong financial foundation and achieve your financial goals.

What is the 7 rule for savings? ›

The seven percent savings rule provides a simple yet powerful guideline—save seven percent of your gross income before any taxes or other deductions come out of your paycheck. Saving at this level can help you make continuous progress towards your financial goals through the inevitable ups and downs of life.

What is the 5 rule in money? ›

The 5% rule says as an investor, you should not invest more than 5% of your total portfolio in any one option alone. This simple technique will ensure you have a balanced portfolio.

What should I save for college? ›

Ideally, you should save at least $250 per month if you anticipate your child attending an in-state college (four years, public), $450 per month for an out-of-state public four-year college, and $550 per month for a private non-profit four-year college, from birth to college enrollment.

How do college students survive financially? ›

Create a budget.

Then you have to estimate your expenses: books, bills, toiletries, entertainment, etc. Put all of the categories and numbers into a spreadsheet, and try to make everything balance, with a little left over for emergencies, and if possible, savings. There are online tools to help you with this step.

What is the trick to saving money? ›

Set Savings Goals

One of the best ways to save money is by visualizing what you are saving for. If you need motivation, set saving targets along with a timeline to make it easier to save.

How to save $1,000 fast? ›

Financial expert Dave Ramsey has a lot of ideas on the subject, and here are some of the most practical ways to save your first $1,000 quickly.
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool.
Dec 28, 2023

How to save $10,000 easily? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

Is the 50 30 20 rule outdated? ›

However, the key difference is it moves 10% from the "savings" bucket to the "needs" bucket. "People may be unable to use the 50/30/20 budget right now because their needs are more than 50% of their income," Kendall Meade, a certified financial planner at SoFi, said in an email.

What is the disadvantage of the 50 30 20 rule? ›

It may not work for everyone. Depending on your income and expenses, the 50/30/20 rule may not be realistic for your individual financial situation. You may need to allocate a higher percentage to necessities or a lower percentage to wants in order to make ends meet. It doesn't account for irregular expenses.

What is the 50 30 20 rule for 401k? ›

Key Takeaways

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How would the 50 20 30 rule break down your take-home pay? ›

The 50/30/20 rule is a budgeting technique that involves dividing your money into three primary categories based on your after-tax income (i.e., your take-home pay): 50% to needs, 30% to wants and 20% to savings and debt payments.

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