How to spend less and save more at college

Saving money when you are young is key to financial security and comfort later in life, but for many studying for a college degree saving money can seem impossible. With tuition rates at an all-time high and student loan repayments gathering interest every month, students also need to worry about making ends meet at home with their rent and bills. But, even if you're not getting any financial aid or help from your parents, there are some savvy tricks that can help even the most broke of students scrape together some savings.

Study Online

If you're hoping to save money on your tuition fees or simply want to minimize your student debt, then studying online is a good option. Today, online tuition has become wildly popular, with many well-known and reputable schools, such as The University of Arizona, offering online programs in a variety of subject topics, from engineering and architecture to nursing or a masters in public health online. In general, online tuition tends to be cheaper, since the program costs less for the school to deliver to students. So, by switching all or part of your college degree program to online learning, you can save up to a third or even more on tuition fees.

Plan Ahead

The student lifestyle can be very spontaneous and sometimes this is good fun. But, when it comes to your finances, not having a plan in place can land you with no money to last you for days or even weeks at a time. Budgeting wisely really pays off for students, who often don't realize just how much money they're spending on things such as take-out, nights and meals out, or even coffee from the Starbucks on campus. Set some time aside to prepare each week, for example making packed lunches or preparing your own coffee to take; this will help you avoid the temptation to spend!

Use Your Discount Card

For most students, their university or college identification card also doubles up as a discount card in many stores, both online or offline. So, before you buy anything new, whether it's a new outfit for a party or a new MacBook, don't forget to check whether you can save any money thanks to your student status. Whenever you save money with your student ID card, put the difference into a savings account and watch the money grow.

Go Green

If you're studying for your bachelor's degree, this may well be your first time managing your own utility bills and living away from your parents' home. Whether you're studying on-campus or taking your public health degree online, taking steps to be kinder to the environment can also be kinder on your bank account. For example, taking steps to reduce the amount of electricity, gas, and water that you use at home will not only reduce your carbon footprint, but also the size of your utility bills.

Saving money as a student can be tough! But, these strategies can make it easier for you to put money aside.

The post How to Spend Less and Save More at College appeared first on Kayla Sloan.

RELATED: 6 rules to follow when shopping online

6 rules to follow when shopping online
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6 rules to follow when shopping online
1. Make sure that the website you are ordering from is secure
"Many websites will have a seal at the bottom stating that the website is indeed secure and will not make your information public under any circumstances. A site that has 'https://' at the beginning of their web address as well as a padlock symbol is typically a site to trust." -My Broken Coin
2. Search for product reviews beforehand
"Returning items to online stores can be a major hassle. So why not find out what others think of the product before you purchase it online? For example, before buying a new laptop, search for comments and complaints associated with the brand. If there are more negative reviews than positive, and the same problem is reoccurring, then it may not be a brand worth investing in. This will save yourself from buying something that would have to be returned to the store soon after receipt." -My Broken Coin
3. Look for promo codes before checking out
"Who doesn't like saving money, especially on necessities? Almost every retailer will have some sort of promotion available, so ensure you look for one before purchasing. You may not find every code useful or relevant to your purchase, but there are plenty out there that could save you money. So, before you check out ensure you search your retailer for voucher codes and see how much you could save." -My Broken Coin
5. Check and double check your shopping cart
"When shopping online, it's incredibly easy to get side-tracked and accidentally add things into your shopping cart. For example, you may double click on an item and not notice that you've order two of it until it's too late. As well as this, if you've visited a site before but abandoned your cart before purchasing, the site will sometimes have saved your items when you visit again. Thus, it's incredibly important that you double check what you're buying." -My Broken Coin
6. Track your order
"Many sites give you the option to track you orders. This is especially handy when you need your order by a specific date (before Christmas, in time for a birthday party, etc.). Stay on-top of your order's location at all times, including the cities that it is arriving in and departing from every day. A lot of online trackers go through FedEx or UPS and are typically very accurate." -My Broken Coin
4. Price-match whenever possible
"Price-matching and price-comparison is the one of the best strategies for saving money while shopping online, as you will be able to purchase items that you otherwise would not have been able to afford. Retailers are in constant competition with each other to offer the best price and product to customers, so find the one that's offering the best deal." -My Broken Coin
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