Don’t Enroll in Courses That You May Not Finish
It may seem like a no-brainer, but don’t enroll in courses that you don’t think you’ll complete. I did this a few times during my time in college. At the time, it didn’t seem like any big deal. Since I was completely financing my education, I didn’t even feel the pain at all – at least immediately.Heck, I didn’t even feel like I was paying for school at all.
Now, I realize that I still had to pay for those courses. Not only did I pay for the course itself, I also paid interest on the money spent on those courses that I dropped late in the semester. It may seem counter-intuitive to prioritize anything above your studies, but the fact is that without an income, most graduate students wouldn’t last beyond the end of the semester before they’re forced to drop out and find a job.
All graduate schools understand that their students may face financial difficulties, and while only a few may be able to help out directly they’ll all do their best to support you when times are tough. If you’re struggling to earn enough to put food on the table it may be possible to defer your studies for a year, giving you enough breathing room to set aside savings. Do your finances a favor and make sure that you complete all of the courses in which you enroll.
3) Buy Your Textbooks Online
I went to college during the stone-age of the internet. Back then, Netscape was the top web browser and AOL was the dominant place to get an email account. I never had the Writingassignment chance to shop for my textbooks online. Instead, I had to spend a fortune at the university bookstore which had a virtual monopoly on textbook sales. Worse yet, I had to re-sell my books to them as well. So, for my $600 in books, I would generally receive about $50 back at the end of the semester.
Nowadays, you have the opportunity to shop for your textbooks online. You can buy them everywhere from Barnes and Noble to Ebay! I highly recommend that you take advantage of this option if you are not doing so already. Over the course of several years, you are bound to save thousands of dollars on books alone. Now that is a sweet deal!
Take it from an old geezer who did some things wrong while he was in school; saving your money now will give you more flexibility after you graduate. Although you may not realize it now, flexibility is one of the most precious assets you’ll ever be able to accumulate. Good luck in your future endeavors!
About the Author: Greg Johnson brings the awesome sauce to personal finance at his blog Club Thrifty, where he encourages people to “Stop spending. Start living.” He is also a proud husband, father, and debt crusader who is in the process of becoming debt free. You can also follow his blog on Twitter.
More Resources 3 Quick Tips for Saving Money While in College