Starting college as a brand new freshman can be a little overwhelming because of all the new people, new experiences and new living situation. Because everything is so new and different it’s very easy to find yourself spending much more money than you planned on.
I’m here to tell you straight up, having been a freshman myself only a couple years ago, that you can have a great time in college enjoying the gadgets you love, succeeding in school, going out with friends, keeping yourself looking good and doing the things you want all without blowing away your budget.
With a little bit a knowledge under your belt you will find yourself loving your entire college experience without having to worry about going into serious debt or calling your parents every week begging for more money.
Here are the top 5 expenses you’ll encounter as a freshmen and some ways to save yourself a good amount of money. (Even if you’re not a freshman I’m sure you’ll be able to find some useful ways to save money
)
1. Electronics
Some of the biggest expenditures when you first come to college will be on electronics and a good portion of kids entering college will opt to purchase a brand new desktop or laptop computer.
There are a few options to look into to save money when buying a new computer.
Assemble Yourself- If you’re in the market for a desktop then you could always buy your computer in pieces and assemble it yourself. The best, most cost efficient place to purchase computer parts online is NewEgg.com. Doing this will save you many hundreds of dollars and even if you don’t know how to assemble a computer yourself, odds are you have a techie, computer geek friend who could easily do it for you.
Find Deals Online- One of the best things about the internet is the fact that you can gain access to some of the best deals possible anywhere. It is simply a matter of being able to track down and find these deals that are out there. Luckily for you I have scoured the net to find two of the best websites for finding great deals on computers (as well as other items) FatWallet.com and SlickDeals.net under the hot deals section. Simply search ‘Laptop’ or ‘Desktop’ on these sites and you’re bound to find some cheap computers.
Look For Sales- Big outlet stores such as Fry’s and BestBuy usually always have some kind of sale going on but especially during the back to school period. There is a trick to buying at these outlet stores though, some of the sales will price computers right at or lower than what the store paid for them so why would they do this? Well they can make huge commissions by upselling all the extra addons and softwares. So don’t let yourself fall for their high pressure sales pitches to get you to do unnecessary upgrades. I guarantee the laptop will be just fine the way it comes and you’ll end up saving some great money.
In addition to computers many students also buy other electronics like sound systems for their room, new cell phones, TVs, and Ipods.
Buy Used- For most of these types of electronics the best way to save money is simply to buy used. Now buying used isn’t as bad as you may think, you can actually get some very good quality only slightly used products for amazing discounts off what it would cost to buy new. Although you may prefer something brand new just try looking for the same product used and compare to see how much money you will be saving and then decide if that new device is worth it or not.
The best place for finding used products is still the same site we refer to so much here at CollegeBusinessmen.com: Craigslist.com
2. Textbooks
Throughout your college career textbooks will undoubtedly add up to be one of the largest expenses you incur. Nearly every single college class requires some kind of textbook and many students end up spending hundreds of dollars every single quarter.
There are four key methods any student can use to save money on textbooks:
Renting- You can actually rent your textbooks just for the period you require them and then return them after you’re finished with Chegg.com.
Bargain Hunting- The best way to find great deals on textbooks quickly and easily is with BigWords.com which will list every single textbook for sale across the internet for you.
Downloading- Nowadays you don’t even need a physical textbook you can simply just download it onto your computer at iChapters.com.
Local Deals- There’s always great opportunity when it comes to finding local students selling the textbooks you need with Craigslist.com.
To get a more in depth idea of what these four textbook money saving methods have to offer check out my previous post: Best 4 Methods to Save Money on Textbooks
3. Food
When coming to college most students have to learn for the first time in their lives how to fend for themselves for an extended period of time. You have to all of a sudden shop for your own food and prepare it yourself. If you could consistently do this your food expenses could easily remain pretty minimal however the convenience, quality and variety eating out provides can easily take over and start consuming a lot of your money. Whether you eat out because your friends are going or because you are simply too lazy to cook, these expenses can add up really fast.
Here are four great ways to save money when going out to eat:
Online Deals- Restaurants are always looking for ways to attract more business so many of them have setup special deals only available through online printable coupons. Check out Restaurant.com and Valpak.com to find some money saving coupons for restaurants near you. The only downside is many of the coupons have minimum order requirements but as long as you know when the coupon applies and what exactly it applies to you can save a good amount of money.
Entertainment/Coupon Book- One of the best ways to save money on all your favorite restaurants is to purchase an entertainment book from Entertainment.com which typically only costs $25-$35 but has tens of thousands of dollars in savings availabe. Just be sure you put it to use and before you know it you will have saved a lot of money.
Many major campuses also have student coupon books which are completely free. Lookout for these at your school and again just remember to put it to use and you could help keep you food budget in check.
Self Savings- By far the easiest way to save money when eating out is simply to pay attention to what you are paying for and learn how to work the system.
The first way to save is to simply not buy a drink which can easily add an additional 20% to the cost of your meal; just get water instead, it’s always free.
The second way is to be sure to get the largest portion possible by adding extra meat. Although it does cost up to a couple bucks more it can increase the amount of food you are getting up to 40% which adds some serious value.
The third way is to plan for leftovers and with the second method implemented you will likely have enough food to split the one meal into two meals, saving you the cost of an entire other meal. Not to mention leftovers can be very convenient those times when you’re too lazy or its too late to go to a restaurant.
Exploitation- This may sound bad but it’s a really great way to save when buying food. All restaurants are different and sell you food in different sized portions and as you eat around at different restaurants you will soon find which ones you can get larger portions of food at. By frequenting these restaurants more often you can save money because you will have more leftovers, cutting out the cost of additional meals.
4. Clothing
Needless to say, style and looking cool are pretty important for most college freshmen. You always want to look and dress your best to make the best possible impression on people. Unfortunately this can get very expensive and put a huge strain on your wallet.
Here are four great ways to moderate your spending while still looking good and having great style.
Be Yourself- Don’t always try to follow the latest fashion trends and switch up styles every season just because everyone else is doing it. Just be yourself and dress the way you feel comfortable even if it isn’t the hot new fad. This alone could help make your clothing budget more manageable.
Discount/Outlet Stores- Although it is not as cool to be shopping at discount or outlet stores, you can find name brand clothes with awesome styles at a fraction of the price of buying the same stuff in the department stores so it is completely worth it. T.J. Maxx and Ross are examples of really good discount stores to get quality clothing.
Don’t Buy Namebrand- Well ok, most students do like to have some namebrand clothing but common, not every single piece of clothing you wear needs to be name brand. All namebrand clothing is overpriced as you are paying a premium just for the name. Try instead taking a look at the clothing selection offered by big retailers such as Wal-Mart, Fred Meyer and Kohl’s. Just because it’s not namebrand doesn’t mean it’s not cool; these stores can offer a selection of really cool, stylish clothes for a much more reasonable price that you may actually end up liking more than the namebrand stuff anyway.
Good Timing- When buying clothes timing can make all the difference. Pay attention to and look out for all the different sales stores will offer and take advantage of them but don’t overdo it; just because it’s on sale doesn’t mean it’s a good deal. Another way timing will help save you money is simply by buying out of season. When clothes are in season they are more expensive because there is more demand for them, buying out of season will usually allow you to get really cheap clearance deals.
5. Entertainment
One of the funnest things about college is having the freedom to go out and do things with friends. There can be all kinds of different entertainment venues around your campus, enough to keep you and your friends busy every weekend year-round.
The major issue however is that all these activities and events do cost money and in some cases a good chunk of cash so here are four ways to help you save some dough when keeping yourself entertained at college.
Entertainment Book- Just as with eating out, the entertainment book found at Entertainment.com can save you huge amounts of money on hundreds of different venues in your local area. Although it does cost a little bit of money, you just need to use a couple coupons from it to completely recoup the cost and get started on your road to saving money.
Student Discounts- Many places, especially around college campuses, will offer discounts to students to try and attract more business. Ask around and always be sure to check when going out to see if being a student can help you save a little cash.
Know People- As a freshman you likely won’t know too many people initially but you will quickly meet many. Lots of students have connections to the entertainment industry whether it be through a job or friends they know and can help get you into events and shows for cheap or even free. The more people you know the better the odds that you’ll be able to get hooked up.
Free Events- Many major colleges will put on free concerts for students or have free movie screenings or any number of other events/shows. Always pay attention to when these events are going down and take advantage of the fact that they are completely free.
If you liked this article and found this information useful please digg it and subscribe to our blog to make sure you don’t miss any of our quality posts.
8 Comments »