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7 easy ways to save your money while you're in college

Published: Thursday, September 4, 2008

Updated: Monday, February 28, 2011 20:02

09/04/08 - If there's one thing most college students have in common, it's likely that they're poor. With tuition bills and textbooks to buy, it's not hard to spend more than you'll make at that part-time job. Here are a few tips to keep your finances in check, and hopefully curb some of those spending habits that break the bank.Make a budget
Making a budget is probably the easiest way to avoid overspending. Allocate money for everything from toothpaste to textbooks. Prioritize your needs, so you'll be sure not to blow all your money on an evening out.

Limit spending money
When going out, only bring enough money for the activities you planned. It seems impulse buys are usually the ones that drain your bank account. Also, swap your plastic for cash. By withdrawing a set amount, you can't overspend.

Buy used textbooks
Before heading to the bookstore, check out Web sites like Half.com or Amazon for deals on used books. If you don't have any luck, be sure to scan the bookstore's shelves for used copies before shelling out the cash for new ones. The price may only be lower by a few bucks, but that's a few bucks to put to something extracurricular.

Sell your stuff
Ever heard the saying one man's trash is another man's treasure? Cash in your old goods by using Web sites like Ebay or Craigslist. Also, check the phone book for local consignment shops and call to see what they accept.

Carpool
With gas prices on the rise and increased air pollution, carpooling is a good idea for your wallet and your environment. Try to find friends with similar class schedules and share a ride to campus. And don't forget about the bus - for $1.50 ride with RIPTA from the Memorial Union to exciting destinations like Providence and Newport.

Learn how to cook
Instead of racking up a tab at a greasy takeout joint, try cooking at home, and brown bag it when possible. For the money you spent on that burger and fries, you could have probably bought the ingredients for a few meals. Plus, ladies love a man who can cook.

Make a list
Making a list and sticking to it is a good way to avoid impulse buys that easily rack up your grocery bill. Also, be sure to check the local Sunday newspaper for money-saving coupons. The ads also allow for comparing prices, so you'll know who has the best deals.

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