Here’s something you don’t need an undergraduate degree to know; college is expensive. Very expensive. Unfortunately, saving money can be a challenge for college students. But, getting your expenses down to a minimum is a sure way to make your college years more fun as well as more frugal. Here are five good ways to cut down on your housing costs while pursuing your education.
1. Live with Your Parents
Okay, this isn’t going to be the most attractive idea on the list, but it’s a good one. A big part of the appeal of going to college is getting a break from the olds. Most college students will cringe at the idea, but living with your parents is a great way to save money. You may be able to figure out a way to have more privacy than you had as a teenager- and if you can work that out, the one major drawback of living at home can be avoided- for the most part.
2. Share an Apartment
Your college years should be one of the most social times in your life, and sharing an apartment with roommates is a great way to save money while opening up your social circle. Having roommates can enable you to afford nicer accommodations than you would be able to otherwise. Just make sure to vet your potential roommates thoroughly.
3. Avoid Owning a Car
Finding accommodations near to campus is a good way to save money. If you can manage to live within walking distance from everything you need; groceries, job, school, etc… you may be able to forgo the exorbitant expense of owning a car. And if you’re very frugal, this extremely economical tactic can save you hundreds of thousands of dollars over a lifetime.
4. Enroll in Online Courses
Online classes save you money on transportation. They save you money in other areas as well, but the flexibility in the choices of housing that open up when you take as many online courses as possible are tremendous. If you aren’t able to find reasonable accommodations near to school, taking online courses will cut down on your travel expenses considerably. Just make sure you check in with the class regularly- because online courses sometimes require advanced organizational skills.
5. Rent a Room in a House
Renting a room in a house is much cheaper than renting an apartment. It’s an all-in-one-package situation where the owner of the building does the work of vetting the other renters for you. Sometimes it can be awkward living in someone else’s home, but in the right situation, it can be very economical.0