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Money Saving Tips for First-Time College Students and Parents

As we near the end of another school year, many of our readers and their graduating seniors are experiencing the transition from K-12 education to college life.

A big change everyone in this transition will experience is the cost of living increase. Here are a few tips for your family to keep expenses under control:

Textbooks Are Expensive
One of the biggest sticker shocks of anyone’s life is when they discover the price of college textbooks. One tactic to save money on needed class materials is to buy them as early as possible to avoid the higher prices some procrastinators pay. Another is to look online for used or rental copies of needed books. In cases like this, sites like Amazon and Big Words can become a student’s best friend.

Busses Aren’t Just For School
Public transit is generally available in most university and college towns. Using these affordable and available resources can help to save money which would otherwise go to payments, insurance, and upkeep of a personal car. For those trips home on the weekend there are options such as Greyhound, Megabus, and ride share programs available.

Cover Yourselves
From unruly roommates to untrustworthy acquaintances, student property can be at risk when away at school. A good renter’s insurance policy can end up saving you thousands of dollars in replacement costs for broken or stolen electronics or equipment.

Enjoy these days in your new education journey with your graduating student and if you have any additional ideas for first-time college parents to save money, feel free to share them in the comments below or on our Facebook and Twitter profiles.

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