How to Save a Small Fortune in College, Part 2

Written on June 9, 2010 – 8:28 pm | by Katie Perry

Earlier this year, I wrote a post on saving large amounts of cash while in college. Believe it or not, it is possible to make it through four years or college without living entirely off Ramen noodles. Here are some more tips that could lead to big savings:

Let your bank help you. Almost every bank and credit union nowadays is coming up with ways to help customers save money. The mentality is, the more you save, the more likely you are to remain as a customer. So take advantage! If your debit card offers cash back rewards, use it! If your bank deposits a certain amount from checking to savings every month, sign up for it. These promotions are there for a reason, and can save you a solid chunk of change every month.

Adjust your tax withholding. A lot of people claim 0 or 1 on their taxes. Truth be told, most people can claim more exemptions than that. By doing so, you will earn more in your weekly paycheck. Now keep in mind, this means you will have a substantially lower tax return, and you can only claim legal exemptions. But if you have found your self living paycheck-to-paycheck, earning more in the short-term won’t hurt.

Eat healthy. Oh, the freshman 15. Not good times. Bad times. You’re away from home for the first time, and finally – finally!- you can live out your dream of eating pizza every night of the week. It’s a noble goal, but one that won’t do much for your health or your wallet. Want to save money? Adapt to a diet. Get acquainted with your dining hall salad bar. Many campuses offer vegetarian options that are healthy and can save you from running up a huge fast food tab.

Get a scholarship! Just because you’re in college doesn’t mean you couldn’t use a little extra money. Sign up for www.ScholarshipPoints.com today for your chance to win a monthly $1,000 scholarship! Here’s a bonus code to get started: SAVINGS2

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