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5 Easy Ways to Save Money When You Go Back to School


Summer’s over.

It’s time to go back to school.

Well, if you are still in school that is. After many years of sitting in class I don’t have to worry about homework and exams anymore.

School´s out forever (perhaps).

This Friday I thought I’d share 5 very simple tips that can save you quite a bit of money when/if you go back to school.

  • Buy books online to save money. To save even more, buy used books online. To really save money borrow the books from the library. Going with the third option and going down to the library to get most of the books for my classes saved me a small boatload of money during my years at the University. Be sure to get down there reasonably early during a course though since they often have just a few copies of each book.
  • Bring your own home-cooked lunch and drink water. If you eat lunch at the school cafeteria or at a restaurant costs will rack up quickly. Make an extra serving when you cook the previous night or just make a delicious sandwich and bring it to school. Enjoy you meal with a glass of cold water. And when you can, make your own coffee instead of buying a cup at the local coffeehouse.
  • Bring a bottle of water to the classes. Then you’ll not have such a craving for sodas during the recesses/lectures/classes. Bonus-benefits of this habit: You’ll stay well-hydrated and consume less sugar. Just don’t forget to change or wash the bottle once in while to get rid of bacteria etc.
  • Ride the bicycle to school. If you have a bike than ride it to school, at least during the months with reasonably nice weather. If everything is within walking distance and you don’t have a bike then use your legs. These two options are a lot cheaper than riding the bus or driving a car. Plus, you get a good amount of cardiovascular exercise. If nothing is within walking or bicycling distance buy a monthly pass for the bus to at least save some money.
  • Get free software. Check download.com or do some quick googling to find free and good alternatives to expensive software.

Elsewhere, at some of my favourite blogs various school-related lists have been popping up during the week. Here are three of them:

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Comments on this entry are closed.

  • susan hanshaw August 31, 2007, 10:21 pm

    Good tips. The bring your own lunch idea is one that can make such an impact, yet is so overlooked. I first started brown-bagging to work when I was buying my first house. When I saw that it enabled me to go for days without opening my wallet, I made it a life-long habit.

  • Henrik Edberg September 1, 2007, 8:20 am

    Thanks for the comment, Susan. Yeah, bringing your own lunch can really save a lot of money (plus it´s often healthier than eating in a restaurant). And as you pointed out, you can do it long beyond having finished school. Now when I think about it, you can do that with most of these tips.

  • John W. McKenna September 5, 2007, 10:23 am

    Henrik

    You’ve been tagged for the “Does Most Leadership Suck Challenge”. Check the link for details.

    Take care…

    JWM

  • Ellen S. June 9, 2010, 11:48 am

    I think most people would agree that saving money is something “easier said than done”. Personally, I believe it’s a mind-set that needs to be developed by creating good money-saving habits.

    Here are some things I’ve done to help change my spending habits:

    – Cook more at home ( Eating out is very expensive especially
    if you do it a couple times a week
    – Try shopping online ( You can find better deals than in the
    store and you save on gas (I recommend  HYPERLINK
    “http://www.shoptivity.com” http://www.shoptivity.com)
    – Pay the full balance on credit cards each month ( Interest
    charge is like giving away free money
    – Don’t forget to pay yourself ( Set up an online savings
    account (they pay higher interest than a normal savings
    account)
    – Set a budget and goals ( It’s good to have your goals
    written down so you see them everyday and don’t lose focus
    on your ultimate objectives

    Again, saving money requires a lot of patience and hard work. However, you’ll thank yourself later on in life. Good luck everyone!! =)