Ask most college students what they could use more of and money will likely top the list. Scholarships, private student loans from banks, and other forms of financial aid can offer much-needed relief. The encouraging news is you can save money while enrolled in school. Here are several ways to make it happen and still get the most from your college experience.

4 Tips for Saving Money While in College 

1. Work Part-Time

If your class and study schedules can accommodate it, consider getting a part-time job. The extra cash will cover those unexpected expenses and prevent relying on credit cards. Most colleges offer work-study jobs as part of a student’s financial aid package. You get an on-campus job that comes with consistent paychecks and flexible hours. If you choose to work a standard job, find one that will coordinate with your schedule.

2. Take Advantage of Discounts

Local businesses near the college are constantly offering discounts to students. From groceries and clothes to textbooks and bank checking accounts, you can save a significant amount of money. All that is needed is your current, valid student ID. Check out university social media channels; you can usually find additional deals.

3. Prioritize Spending Habits

You need some additional supplies for a lab course, but that snazzy jacket is calling your name. College is the ideal time to start learning how to prioritize spending habits. Before buying, always ask, “Is this a want or a need?” Let the answer guide you. It’s okay to splurge every now and then. The key is to keep enough funds in your bank account for financial emergencies.

4. Move in With Roommates

Consider sharing a dorm suite or off-campus apartment with several roommates. The dorm fee or rent will likely be cheaper compared to living on your own. Some off-campus housing includes utilities, Wi-Fi, and other expenses in the monthly rent. If you live in the dorm, all costs are typically covered except for college-sponsored meal plans. Compare those costs to buying groceries on your own.

Magnolia Bank in Hodgenville, KY, understands the unique financial needs of college students. That’s why the community bank offers a range of checking accounts with little to no fees and no minimum balance requirements. Busy students can also take advantage of convenient and affordable mobile and online banking. Visit the website for details on products and services or call (270) 358-3183 to speak to a friendly representative.