5 Tips on How to Save Money this School Year

August 05, 2021
It seems like summer has just started, yet a new academic year is approaching. If you have a student starting college in the fall, you are learning quickly that college is expensive. Here are five tips on how to save money on your student’s personal and academic needs this school year.
  1. Make a List
Create a checklist of school supplies, laundry supplies, toiletries, or anything else your student might need. Stick to the list and check them off as you acquire them. Having a list prevents you from spending money frivolously on things you don’t need.
  1. Textbook Discounts
College textbooks are essential to a student’s education but often they are extremely expensive. Don’t buy your student’s textbooks from their college or university because that’s where the textbook prices tend to be the highest. Instead rent or buy them from Amazon where you can find them for half the price or cheaper. Know someone who took the same courses before your student? Ask if you can have or borrow their old textbooks.
  1. Back to School Deals
Every summer right before school opens for the new academic year, back to school deals flood our TVs and social media news feeds. Take advantage of those deals. Why pay full price for expensive essentials like laptops and tablets or old-fashioned pen and paper when you can catch them on sale. Keep track of what stores are having sales then compare to see who has the best deals.
  1. Split Dorm Expenses with a Roommate
Most college students can anticipate having to share a room with at least one other person so why should you carry the burden of all the expenses. Have your student reach out to their roommate before they move onto campus together to discuss what they need for their room. Split the cost of shared items like mini fridges, rugs, cleaning supplies, etc.
  1. No New Wardrobe
Don’t spend a lot of money buying your student a new wardrobe for school. College students tend to wear a lot of lounge wear since they spend a lot of time in class or in their dorm. Lounge wear can be yoga pants, sweatpants, t-shirts, and hoodies. No need to splurge.
For additional tips on saving and budgeting, visit the Point Breeze blog.