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The Daily Utah Chronicle

The University of Utah's Independent Student Voice

The Daily Utah Chronicle

The University of Utah's Independent Student Voice

The Daily Utah Chronicle

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Easy Ways for College Students to Save Money

(Photo by Dane Goodwin)


(Photo by Dane Goodwin)
(Photo by Dane Goodwin)

The phrase “poor college student” is often used to describe those at the U and other universities. But with some clear budgeting guidelines, it’s easy to defy that label and save some money.


The U’s Personal Money Management Center recommends that before setting out to save money, you find out how much you actually have. Take into account any bills or loan payments. If you find that your funds are too low, then you have three options: increase your income by working more hours or finding another job, decrease your expenses by cutting unnecessary spending or a combination of both.

Part of being a college student means having a social life. From food to movies, there are plenty of ways to have fun on a budget. Taylor Wright, a junior in psychology, takes advantage of discounted Tuesdays at the theater to see movies for less.

“The movies at the Gateway cost only $5 all day on Tuesdays,” Wright said. “I love saving money this way because with what my boyfriend and I would normally spend on movie tickets regularly, we can instead grab dinner and a movie with the same amount. It’s a really cheap date night idea.”

Cutting down on fast food and drinks can make a major difference in budget as well. Paul Johnson, an undeclared sophomore, is the self-proclaimed “King of Starbucks.” On average, a cup of coffee costs $3. Drinking one every day adds up to $21 a week or $84 a month.

“I’m trying to curb my Starbucks addiction by only going three to four times a week instead of every morning,” he said.

Those who drink alcohol can save money by looking for drink specials at bars and avoiding booze at restaurants. Many sit down eateries increase drinks’ prices up to 75 percent.

The “ramen noodle diet” is a staple among college students, but after a while it can become unappealing. Instead of boiling water with noodles every night, mix in some veggies and cook at home. By avoiding fast food, you save money and learn to cook.

Overall, the Money Management Center suggests that students be conscious of how they spend money and live within their means.

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