How to Save Money in College: 15 Ways to Save

If you're headed to college this fall, or you're already there, you may find money incredibly tight and wonder how to save money in college. Between books, tuition, and all the stuff that makes campus life worthwhile, it's easy to get off your financial track. We have some ideas for you.

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college university graduate diploma piggy bank money — Image source: Getty Images.

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Savings Account

A savings account is an account that earns interest with a financial institution.

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Small amounts can add up

It may not feel like you're making much progress saving money as a student, but with every dollar you put back, you're getting closer to your goals. Those small amounts add up over time. Imagine if you saved even $25 a week throughout your four years of university, an easy enough goal to achieve. After four solid years (including summers), you'd have $5,200 in savings! And that's not even counting money you may have saved in other ways, like by minimizing your student loan debt and, therefore, the amount you pay in interest.

Find every way you can to save money by creating a financial plan and sticking to it. By the time you're done with school, you'll have a nice little nest egg to invest in stocks and set up a life all your own.

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About the Author

Kristi Waterworth has been a contributing real estate and financial expert at The Motley Fool, covering real estate, investing, and personal finance topics, since 2020. Kristi has been interviewed by various TV media outlets and podcasts for her real estate investing expertise – from residential real estate to digital real estate and everything in between. Kristi’s journalist career spans over 25 years, and she has written about real estate investing, homeownership, and home construction specifically for the last decade. She was also previously a licensed Realtor and general building contractor before the Great Recession and housing market collapse. She holds a bachelor’s degree in American history from Columbia College in Missouri.

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