How to Save Money Even if You’re in College

Money is always tight when you’re in college! But I have a few suggestions that can help you spend less money and save more!

If I’ve learned anything in my early adult life, I’ve learned that money and finances are hard, especially when you’re in college. If you’re anything like me you might struggle with spending money,  saving money, or maybe even both.

Luckily, in this day and age there are a lot of simple and easy to use tools out there that can help us automatically save, and sometimes even invest our money.

Online Savings Accounts:

There are several online saving accounts out there right now! These are great for keeping your money safe, and earning a little interest!

Sites like NerdWallet can help you at the different available options, and then even choose what account works best for you! Earn up to 1.55% APY with some of their suggestions.


Acorns is an app, that takes an amount of money (you decide), from your bank account every month, and invests it so that you can earn money on it. It can also collect pocket change, or “round-ups” as they call it, and invest that as well.

If automatic investments aren’t your thing, they allow one time investments as well!

To be clear, Acorns is not a savings account, it’s an investment portfolio that you have to pay taxes on. But it is a great way to invest money if you’re new to the game. Also, if you sign up right now, you’ll get a $5 credit in your account!

Other Steps You Can Take:

Beyond, using apps, and savings accounts to help save money, here are some other methods to help slow down spending:

Go out to eat less often.

As a college student, I know that this is a tough one. Most of us don’t really know how to cook all that well, or even have the space to cook for that matter. But it is estimated that going out to eat less could save Americans a average of $100 a month.

Literally freeze your credit card in water.

I know it sounds silly! But freezing your credit cards is an effective way of eliminating spending. By simply not using credit cards unless absolutely necessary, (you know, like to buy gas and other necessities), the savings can really add up!

I know it’s hard, but with a little dedication you can be more financially conscious! (At east until the net iPhone drops…) What was your favorite tip from this post? Do you have any tips you swear by that help you save?? Share with me in the comments!


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