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  • 55 Ways To Save

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    Yue Liu
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    This document provides 55 tips for saving money in areas like recreation, food, clothing, transportation, and conserving resources. Some key tips include cooking meals at home instead of eating out, buying generic medications, taking public transportation or carpooling to save on gas, and turning off electronics and lights when not in use to reduce energy costs. The tips aim to help college students better manage their finances through small savings in various everyday expenses.

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    This document provides 55 tips for saving money in areas like recreation, food, clothing, transportation, and conserving resources. Some key tips include cooking meals at home instead of eating out, buying generic medications, taking public transportation or carpooling to save on gas, and turning off electronics and lights when not in use to reduce energy costs. The tips aim to help college students better manage their finances through small savings in various everyday expenses.

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    © All Rights Reserved
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    Download as pdf or txt
    72 views2 pages

    55 Ways To Save

    Uploaded by

    Yue Liu
    This document provides 55 tips for saving money in areas like recreation, food, clothing, transportation, and conserving resources. Some key tips include cooking meals at home instead of eating out, buying generic medications, taking public transportation or carpooling to save on gas, and turning off electronics and lights when not in use to reduce energy costs. The tips aim to help college students better manage their finances through small savings in various everyday expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Money Management Tips: 55 Ways to Save Money

    Recreation and Entertainment: Food and Basic Needs:


    1. Instead of paying for a fitness club 13. Be a savvy consumer. Before making a
    membership fee, buy some weights or go to major purchase, do some researches on the
    the ARC. product quality through Consumer Reports
    2. Don’t smoke. Cigarettes are expensive and magazine.
    the money adds up quickly. Also you’ll be 14. Sometimes the cheaper product works just
    fined if you smoke near school facilities. as well as the expensive one.
    3. Wait until after half-time at sport events 15. Ask for generic medications at the
    and get in for free! pharmacy.
    4. When eating out, look for coupons or 16. Ladies, ditch the salon and get your hair
    special deals- many restaurants offer them! done at a cosmetology school.
    Also, order water. Drinks are highly 17. Buying in bulk is usually a good option, but
    overpriced. try to shop for items by the per unit price.
    5. At the beginning of the semester, many Often times, the biggest options is not the
    local businesses give out coupon books. best way to get the most of your money.
    Grab one! 18. Scout out garage/yard sales for
    6. There are hundreds of free activities on housewares, furniture, and stuff to
    campus. Join clubs, attend student decorate your college dorm or apartment.
    concerts, or go to church-sponsored events At the beginning of each semester, the
    for cheap fun. There is usually food YMCA has a dump and run where they sell
    involved, too! items collected from various dorms and
    7. Illinites, student activities, happen at the apartment on campus.
    Illini Union every Friday night for free. 19. Make things for gifts- it’s cheaper and the
    8. Experience some more cultures while in time you invest shows you care.
    college and attend a show at Krannert. 20. Take advantage of sales by buying holiday
    Student tickets are $10 or less. It’s FREE and birthday gifts throughout the year.
    sometimes! 21. Get a job at a place where you already
    9. If you’re throwing a party, have your guests spend a lot of money, so you can get
    pay a little money or bring things to offset employee discounts.
    your cost. 22. Use mail-in rebates or coupons for groceries
    10. Don’t purchase a book unless you think you or health and beauty items.
    really want to keep it. You can check out 23. Don’t buy bottled water. Buy a water
    books for free at libraries. filtration pitcher.
    11. Rent movies with a group of friends or go to 24. Don’t buy something just because it is one
    second-run theaters for $1 or $2 a ticket. sale. Consider it’s a need for you before
    12. Bring your student ID when you go out for a buying.
    movie. Most theaters will give discount for 25. If you shop at a favorite store, apply for
    students. their discount card if they have one.

    Modified by Joe Pleshar, Yuanhang Fan, and Maggie Benson, Peer Educators of Spring 2015.
    University of Illinois Extension Financial Wellness for College Students Program.
    Source: National Student Loan Program’s Budget Handout #6: “Money Management
    Options: 75 Ways to Save Money”, 2002.
    Money Management Tips: 55 Ways to Save Money
    26. Make home cooked meals. A home cooked 40. Get good grades. Insurance companies offer
    stead dinner is often cheaper than a fast low rates to student with 3.0+ GPA.
    food binge. Eating at home will save you a 41. Carpool with friend!
    lot of money! 42. Search for dependable cards that offer good
    27. Pack a lunch instead of eating out. gas mileage.
    43. Drive an older car- the insurance payments
    Clothing: and taxes will be less.
    28. Buy clothes at the end of the season when 44. Walk, bike, or ride to school- it’s good for
    they’re on sales. you to saves on gas.
    29. If you don’t wear certain clothes anymore, 45. Look around for cheapest gas price before
    take them to a consignment shop or sell filling up. There are apps for that!
    them online. You can get part of the profit
    and free up room in your closet. Savings:
    30. Share dresses and tuxes with friends for 46. Only use ATM’s of your bank. Other bank’s
    special occasions. ATM fees add up!
    31. If you buy more than one of something, like 47. Always put part of our paycheck into a
    2 or 3 shirts, always ask for a discount. savings account.
    32. Invest in durable clothes, shoes, etc. rather 48. Spare change adds up! Get a piggy bank or
    than buying many cheap pairs. change jar and don’t underestimate the
    value of your spare changes.
    Budgeting/ Spending Plan: 49. Volunteer! If you’re busy, you can’t spend
    33. Set goals for your spending and saving. month and it’s a resume booster, too! It’s
    34. Keep track of your spending to avoid always make you feel good to help and give
    overspent. There are apps for that! back to the community.
    35. Don’t use a credit card if it will lead you to 50. Use plastic grocery bags for trash can liners.
    make more purchases! On average, people
    have credit cards spend 34% more. Conserving Resources:
    36. Before going out to spend, set a limit for 51. Turn off the water while brushing your
    yourself and stick to it! teeth.
    37. Wait at least two hours before making a big 52. Unplug electronics when you aren’t using
    purchase to be sure it’s something you them. Even while turned off, they still use
    really need. up costly energy.
    53. Use items like shampoo, toothpaste, and
    Transportation: paper towels sparingly- enough to do the
    38. Obey traffic laws. Speeding tickets will cost job without waste.
    more than just the ticket. It will raise your 54. Pay your bills online. Save paper and money
    insurance premiums. on stamps.
    39. Keep your tires inflated properly- you’ll get 55. Ask your landlord to seal gaps between
    better gas mileage. door and windows to prevent heat leaks
    over the winter.

    Modified by Joe Pleshar, Yuanhang Fan, and Maggie Benson, Peer Educators of Spring 2015.
    University of Illinois Extension Financial Wellness for College Students Program.
    Source: National Student Loan Program’s Budget Handout #6: “Money Management
    Options: 75 Ways to Save Money”, 2002.

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