Frugal Student Tips
Talk to Your Teen About Financing College
by Suzanne Shafer, Parent Editor If you have a college-bound teen you’re well aware of the cost of college – it’s high. In a 2013 story in Business Week, one graduate confessed she had given up on her student loan debt of $186,000. She is not alone. With the nation struggling under a $1 trillion student debt crisis, stories like hers are nothing uncommon. For the first time ever, the national student loan default rate exceeds the credit card delinquency rate, and so long as student loans remain one...
Frugal Student Tip #15 – Save Money With Less
Did you ever think about the fact that the people who are telling you how much detergent to use are selling you detergent?
Frugal Student Tip #13 – Save Money – Repair or Re-purpose
“Use it up, wear it out, make do, or do without.” This phrase was popular during World War II when resources were scarce. If you’re a frugal student, your resources are worth saving, too.
Frugal Student Tip #12 – 5 Free Holiday Gift Ideas
Feeling stressed about buying holiday gifts for friends, coworkers, or your roommate? Don’t! These 5 free holiday gift ideas will save the day — and the money!
Frugal Student Tip #10 – Buying Quality Saves
Being frugal doesn’t equal being cheap. If you have to spend your money, spend smart.
Frugal Student Tip #9 – Ask For Student Discounts
Your student ID card may be the best discount card you have. Ask for student discounts anywhere you shop, online or out and about.
Frugal Student Tip #7 – Avoid impulse buying
Avoid impulse buying by learning store tricks and your own triggers.
Frugal Student Tip #6 – Thrifting
On a budget? Is saving money a priority? Then thrifting is the way to go. Don’t turn your nose up at the idea of shopping at the thrift store. Here’s why.
Frugal Student Tip #4 – Shop In Your Own Closet
Spending big money on a new costume for Halloween? That’s scary! Boo!!
Frugal Student Tip #3 – Don’t Catch Spending Envy
Splurging on non-essentials is not a race — and you don’t win anything for keeping up. Don’t spend money just because your friends are.
Frugal Student Tip #2 – Don’t Drink Your Dollars
There’s a reason financial counselors developed the term “latte factor.” Sure it’s fun to be out and about and get a delicious beverage, but many people drop more money on coffee these days than they realize. What does $5 per day for nine months come out to? Big money!
Frugal Student Tip #1 – Don’t Pay Twice
If you’re a frugal student you will focus on the cost of tuition, fees, room, and board (as well you should), but don’t overlook living expenses for the nine months you’re away at school. Find out what the mandatory fees you already are paying cover, so you can avoid paying twice! (Flu shots, counseling, bus fare, exercise classes, just to name a few.)