How to save money in university or college when you’re a student

Even with an education savings plan in place, most young people still have to budget their money wisely during their post-secondary education years. Here are some great tips that you can share with your young scholar manage their money effectively while still enjoying the experience of higher learning.

SAVINGS TIP FOR STUDENTS

HOW IT HELPS YOU

BUY USED TEXT BOOKS

Used books are cheaper than brand new books. You get the same information for a fraction of the cost.

Recycling books is good for the environment ... you help save trees!

LIVE AT HOME OR OFF-CAMPUS

Living it home means not having to pay rent.

If you are attending a university or college in another city, try moving off-campus after first year if possible. Residence and dormitory costs can be higher than regular rental rates, which you can also split with roommates.

TAKE PUBLIC TRANSIT

Not only can taking public transportation save you money, it also creates far less pollution and is great for the environment.

MAKE USE OF STUDENT DISCOUNTS

Many business, stores and restaurants offer a discounted student rate with proof of enrolment (student card, student discount cards/apps, etc.), which can turn into a big savings for you.

TAKE YOUR LUNCH TO CLASS

With its assortment of fast food options and trendy coffee spots, campus food can be tempting. But it’s a lot cheaper, and healthier, if you make your own lunch and snacks and take them to class with you.

SWAP STUFF

Many university and college websites have a swap section where students can engage in money-less exchanges for things they need. Need a mountain bike? Maybe someone will trade you one for your old iPad!

PART-TIME JOB ON CAMPUS

Studying and getting good grades are your priority. However, if you do have some extra time and can manage balancing both, try getting a job on campus—it’s convenient to where your classes are, and you’ll probably meet a lot of cool people too!