Saving Money on Textbooks

It's that time of the year again where college freshmen are getting ready to start what hopes to be a great journey. As most of you know, college isn't cheap so saving money where you can is very important. A major area area where money can be saved is in the cost of textbooks. Based on my experience, buying a new set of textbooks every year is just a complete waste. The content of a new book isn't any better than a used book. "But I don't like reading pages that have been highlighted and written over!". I don't either and not all used books are in that bad of a shape where you can't read the text. I always tried to buy used books when I can and only buying new when I couldn't find a used book at the book store. I regret not taking advantage of online textbook retailers as there are a lot of options out there now.

If you're looking to save some money, I've provided a useful link below I found via Lifehacker.

The Complete Guide to Saving Money on Textbooks [Lifehacker]

Living Frugally - Having Trouble Making Rent?

Yes the economy is bad and for those not having to deal with an over priced mortgage, they may find themselves finding it harder to pay the rent every month.  I found an article at one of my favorite blogs that offered up an interesting way to drum up some extra funds.  Throw a Rent Party!  That's right, get some good music, drinks, food, and sell tickets at the door and you got yourself a rent party.  This was a novel idea back in the 1920's and 1930's but hey that's when we were in our last Great Depression right?

How to Raise Rent One Glass at a Time [via Lifehacker]

Recycle Into Cash

An overlooked commodity by most college students is the cash value of recycling. Over a year of living on your own, parties, and social gatherings, a college student can accumulate hundreds of aluminum cans, plastic bottles, and glass bottles. At a conservative estimation of 5 cents per container you could end up with some extra cash at the end of the year to spend on anything you want. Let's do some simple math.

Assuming that the average college student consumes one caffeine drink every day you've already got 365 aluminum cans. Tack on containers accumulated from parties and get together you could end up with at least 500 containers which equates to about 26 dollars at the end of the year.

Obviously you won't make money back on the purchases of your beverage but 26 dollars can go a long way for a college student. I have provided a link to a recycling calculator below:

http://www.bottlesandcans.com/what_calculator.php

Text Book Price Comparison

As a follow up to the recent guide towards saving money on text books, is a review of three text book price comparison sites. All three act as search engines that help find the best price for specific text book titles. For my review, I have used "Principle of Economics" with a list price of $193.95 and will only be searching for new books.

BigWords

www.bigwords.com

This site showed me the best price compared to the other two websites. It provides a description of the text book and what edition it is. The cheapest book they listed was a new international version at $37.91. When you select the book to purchase it automatically redirects you to the site offering the book making shopping for books online easier.

Cheap College Textbooks

www.cheapesttextbooks.com

This site provides much more detail information compared to that of both BigWords and BooksPrice such as shipping price, any available coupon codes, and any restrictions. What the site couldn't do was produce the best price compared to BigWords. The lowest price for "Principles of Economics" was $120.00. Like BigWords, the site redirects you directly the seller.

BooksPrice

www.booksprice.com

Like Cheap College Textbooks, this site provides plenty of information such as shipping costs in addition to a larger list of book vendors. What makes this site different is that it allows you to filter your searches for only new books or different price ranges. Like BigWords, it found the same book listed at $37.91 and directed you to seller of the book. I liked the layout of this site much better than the other two and would pick this site to at least compare prices of textbooks.

Text Books

Text books are a necessary part of college life and it can become quite expensive very quickly but it doesn't have to be. Saving money on books is an easy process as there is no reason to have to pay full prices for what publisher's think they are worth. Below are some ideas on how to save some money.

Campus Bookstore

Most bookstores always carry used books sold back by students at the end of the year. This is the easiest way to get books at a discounted price without too much effort. The drawbacks of course are that they are a limited quantity and at times the quality of a used book can be questionable at best. What's great about purchasing used books from your college book store is that the book store is responsible for putting out the correct text books you need before the class starts. This allows you to purchase your books well in advance before school starts and save some money as well. Get to the bookstore before school starts as these books will end up flying off the shelves first.

Off Campus Bookstores

Another great source of discounted text books are the local off campus bookstores. Typically these bookstores sell their books at or less than the used book prices of your campus book store. Similar to your campus bookstore, supplies are limited with sometimes questionable quality but allows you an alternative place to find the book you need. The major drawback of going to an off campus bookstore is that they supply many versions of the text book you need so buy beware! Make sure to come prepared with your class's syllabus to ensure you get the right book. Also, certain off campus bookstores may not have a return policy.

Amazon / Online

Online vendors such as Amazon will allow you to save a significant amount of money on text books even when the book is brand new. Major discounts can be found when purchasing used books though you are running the risk of getting a text book that has been completely highlighted. Another option online is to purchase the international version of your text book which is exactly the same but heavily discounted. What makes the international version so cheap is quality of the paper and it being a paper back. If you don't mind a lower quality version of a new book then, by means purchase the international version. Amazon also provides free shipping for certain books as well which makes purchasing a book online a major plus. The only drawback of purchasing a text book online is the time it takes to ship to you. If you are well aware of the textbooks your class requires, you can easily order it well in advance before school starts. To me this is a very preferable way of purchasing books behind student book exchanges.

Student Book Exchanges

Certain schools create a market exchange for students where they are allowed to sell their books at whatever prices they want. Typically students will sell their books well below the used bookstore price to ensure that they are quickly bought up. If you are looking for big discounts without waiting for shipment then look no further. However you must be willing to wait in a long line well before the exchange opens as books tend to go by very quickly.

Library

What's better than discounted books? How about free books? Libraries will typically have your textbook on reference and you can check it out for several hours during the day. Unfortunately that only allows you only a couple hours a day while being stuck at the library. But at least think of all the money you'll save!

If you have another ways you save money through text books please comment below.

Resources - Online Tools

I ran into a great post that had a number of online tools I would recommend to any college student to use as a resource. Some of the tools such as MynoteIT and Tadalist are a great way to keep track of your everyday tasks and keep your college life organized. Google docs and spreadsheets are a wonderful tool to use, especially when doing group work. When it comes to saving a bit of money, Book Finder helps by comparing book prices from different websites and stores. Lastly Meebo.com is a great way to connect online without having to install AIM or Yahoo Messenger on any computers on campus.

Top Web Tools For College Students [Next Path]

Finance 101 - Saving Some Extra Dough

College students always have a need for extra money. Its not easy to save money when your friends call you up Thursday night for a party or invite you to a birthday bash. Food, alcohol, gas, cover fees, etc. – they all add up in cost. Nevertheless there’s always a way to get the best bang for your buck. While you might not think about it, little things can add up quite quickly to huge savings.

Getting a good rewards credit card can help you out. Most credit card rewards programs don’t charge a dime to join like Chase Freedom, it offers 1% cash back on all purchases and 3% on gasoline, groceries, and fast foods. While 1% might not seem like a lot, big ticket items and cumulative purchases can bring in a nifty chunk of change. If you travel considerably, you might consider a rewards card for frequent flier miles, since flying with a certain airline can add up to free tickets or cash back. If you are having trouble looking for a good type of rewards card, checkout the forums on Fatwallet.com for in-depth deal discussions.

Another way to save some extra cash is to setup a savings or checking account online. While most local banks offer a few percent yearly interest on your money, online banking such as with Charles Schwab, HSBC, and INGDIRECT can offer higher rates of interest since they don’t have all the capital fees that a walk-in bank might have. At HSBCdirect.com you can have a savings account for 5% yearly interest (one of the highest around) just by having your money sit in the account. Other banks might require you to put your money into a CD account to get that kind of interest, but with HSBC you can have your money liquid and available at the nearest ATM without any penalties that a CD account might entail. Also, online checking with CharlesSchwab.com or FirstRepublic.com can offer no surcharge withdrawls from any ATM around the world. Particularly in tourist destinations like Las Vegas, ATM fees can head up to $5 or $6 just to use their machine. With those accounts, you can use any ATM in sight for free.

Finally, shopping at warehouses selling items at bulk prices such as Costco can add up to some significant savings. Places like Costco may require membership to purchase, but if your parents or friends have cards, you can easily tag along as long as one person has a card. Ground beef, frozen foods, snacks, and party supplies can easily be purchased in bulk – particularly if you’re looking to split between roommates. Savings can range from 10%– 30% off local supermarket prices, so shopping in bulk can add up quickly. Additionally, party supplies such as plastic cups, disposable plates and utensils, beer, wine, and hard alcohol can be purchased for a discount.

Living Frugally – Your Home Away from Home

Though some students are lucky enough to stay in their dorm during their entire stay in college, some of them, including me, must venture out and go and find a new dwelling off campus. Living off campus can get quite expensive, but with some money saving tips it can be manageable.

Apartment searching itself can be a major task and incorporates a number of different variables such as distance from campus, local neighborhood, and the age of the apartment. Once you figure out your budget you can go and find the right apartment for you. One way to keep your costs down is sharing an apartment with a number of roommates. The more roommates you have may lower the price you pay per month, but it increases the likelihood of creating an unstable living situation as people feel the need to have more space.

Now that you found the perfect apartment it’s time to fill it up with furniture. Many stores such as Target and Walmart come out with back to school ads with the perfectly furnished room. I personally have never seen any college apartment room look the way they do in catalogs and unless you are independently wealthy, it’s not worth it to spend that much money on your room. One good cost saving way to furnish your apartment is just taking hand me downs from family and friends. What can be better than free furniture! While we’re still on the topic of free furniture, one of the best ways to add to your apartment is staking out the dumpster areas around the summer time. Many students who move out and don’t want to take furniture with them will leave them out at the dumpsters and are basically up for grabs. Not all of the furniture is old and dingy and you can sometimes score some pretty nice furniture at no cost to you.

Depending on your distance from school, biking or walking to school is the most economical form of transportation. Though I did live within biking distance of campus I chose to drive instead, which added to my costs and didn’t provide me a good form of exercise. If biking isn’t your cup of tea, public transportation might just be the key. Many universities provide “free” public buses to and from campus. I say “free” since the costs of maintaining a bus fleet and paying drivers is incorporated in the cost of your tuition. Don’t let your tuition money go to waste and help reduce your carbon footprint.

Another great way to save money is controlling the way you use your utilities in your apartment. My college was located in an area that is similar to many parts of the US; hot summers and cold winters. By restricting the amount of heat or A/C you use during different seasons will greatly lower your bills at the end of the month. I personally can not stand the summer heat, especially when I’m trying to sleep, so I always need to use the A/C during the summer. In order to offset the cost, I decided not to use the heater at all during the winter months. Though it never got cold enough to snow, it was still cold enough to require extra layers, but it did the trick. If you’re the opposite from me and can handle the heat then flip my strategy and you’ll be saving money too.