If you’re heading to college this fall, either as a new or returning student, chances are you’ll need some extra dough on hand.
And really, wherever you are in life, getting ahead financially is always a good idea.
Getting a summer job is a common option, and many businesses hire seasonal employees. But we also love these other money saving tips for fattening your wallet stat.
Sell Your Stuff
Especially if you’re moving into a dorm, now’s a great time to prioritize the possessions that mean most to you—as well as those you’re ready to let go of. (Plus, we’ve heard amazing things about the KonMari method of simplifying your life…)
There are all kinds of ways to sell your stuff, and you might be really surprised at how eager people are to buy it.
Try a good, old-fashioned yard sale or garage sale if you have the space (and want to make selling your stuff a collaborative effort with friends). Or, sell your stuff online on one or more of the MANY marketplaces out there (like Letgo, eBay, Etsy, Vinted, Tradesy, Craigslist, NextDoor…).
Use a Change Jar
It may sound old school, but don’t underestimate the power of a change jar (or piggy bank)! If you’re diligent about tossing your spare change into it every day, you’ll be thrilled at how quickly your small contributions add up. At the end of the summer, you can cash it out for something you need or want.
Get Gigs
If you need the spending cash but don’t want the commitment of a regular summer job, there are hundreds and hundreds of “gigs” available out there. And what is gig work, exactly? Temporary, flexible work that usually pretty specialized. For example, mowing lawns, driving for a ride share company (like Uber or Lyft), walking dogs, and baby-sitting could all be considered gig jobs.
One of the best ways to find a gig is to ask around in your neighborhood. You can also use sites like NextDoor, Takl, and Thumbtack to advertise your unique services and see who bites.
Find Free Things to do For Fun
Going to the movies, out to eat, and to concerts is an amazing way to spend the summer, but it can be super draining on your bank account.
You can save a lot of money by opting for activities that are free or low-cost. For example, visit local museums on their free days, and keep your eyes open for free outdoor street/park festivals (which are very common come summer). Spending time in the great outdoors is usually free too. Instead of meeting with your friends out and about, consider rotating hangouts at each others’ houses.
Make Your Own Coffee
A cup of coffee, when purchased at a restaurant or cafe, can easily cost $3. And more elaborate drinks like lattes and frappuccinos can cost way more than that. If you’re a regular coffee drinker or enjoy meeting friends for coffee dates, this can add up quickly!
Making your own coffee at home is much more cost effective, so consider taking coffee from home to go, instead of shelling out regularly for a fancy cup of joe.
And Of Course, Search for Scholarship Money!
This is perhaps our favorite money saving tip…because it can save you tons. And summer is actually the perfect time to look for scholarships! If you’re a current student or are considering returning to school, use Scholly Search to find all kinds of personalized scholarships to help you pay for college. We also offer student loan payoff programs for college students and graduates, so keep a lookout for all of our amazing opportunities as they’re announced!
Happy saving!