With the cost of attending college on the rise, students now more than ever are looking for ways to save money. But if you're a student, you already have a plethora of savings opportunities available to you. (To learn more on how students can save check out Budget Basics For College Students.)

TUTORIAL: Student Loans

Most often, by simply showing your student ID or entering your college email address, you can save 5, 10 or even 20% off a range of purchases. To take full advantage of your student status, always ask for a discount and familiarize yourself with these seven easy ways to save:

In-Town Discounts
The first place to look for deals is the city or town where you attend college. Many stores around campus will offer a standard student discount of 5 or 10% on regular purchases like food, movie passes, books and clothes. If you aren't sure where to find retailers that offer student discounts, ask other students.

Online Purchases
Oftentimes, you can get significant discounts on various computer software products just by having a student-related email address. Also, Amazon offers its Amazon Prime shipping service free for six months to students with a university email address. You can also find discounts on cell phones, cosmetics, shoes and more.

Another way to save some cash is to apply for a free or inexpensive checking account. Check with your local bank or credit union to see what deals they offer. If you choose to bank online, U.S. Bank offers a checking account with no monthly maintenance fee, four free non-U.S. Bank ATM transactions per billing period and a free set of checks. They offer online bill pay and have over 3,000 branches nationwide.

Credit Cards
To take full advantage of credit card perks, you need to pay your bill in full and on time every month. However, the sign-up bonuses and rewards programs can be significant.

In particular, the Discover Student card offers a 5% cash back bonus on specified purchases, 1% cash back on any other purchases when you make your first purchase within three months of opening your account and 0% APR for the first nine months. This card has no annual fee and no fee for additional cards.

Select locations of many fast food chains, such as Burger King, Papa John's and Subway offer discounts of up to 10%. Check with your local restaurants to see what discounts they offer as well.

A variety of websites are dedicated to discounts on student travel. One of the most comprehensive sites is Student Rate. Membership is free, and they offer discounts of up to 10% at many national hotel chains as well as discounted spring break travel packages, airline tickets and more. Before you book your next vacation, search multiple websites for the best deal.

Macy's offers a 20% discount for students, and J.Crew and Banana Republic both offer 15% discounts. Many other retailers offer student discounts, but deals are not advertised prominently. Inquire at your favorite department store to see if you can get a discount for being a student.

The Bottom Line
One of the best ways to manage your finances is to save money on the things you buy the most. Utilize your student status everywhere you can. Some deals are easier to find than others, but with a little legwork, you'll be able to save money and make the daunting task of paying for college that much easier. (For other discounts, check out 9 Student Discounts You Shouldn't Miss.)

Related Articles
  1. Retirement

    Suddenly Pushed into Retirement, How to Handle the Transition

    Adjusting to retirement can be challenging, but when it happens unexpectedly it can be downright difficult. Thankfully there are ways to successfully transition.
  2. Savings

    How Parents Can Help Adult Children Buy a Home

    Owning a home isn't easy thanks to stringent lending standards. Thankfully, there's ways parents can help their kids buy a home.
  3. Personal Finance

    How Tech Can Help with 3 Behavioral Finance Biases

    Even if you’re a finance or statistics expert, you’re not immune to common decision-making mistakes that can negatively impact your finances.
  4. Savings

    Should You Look at 529 Plans Outside Your State?

    529 savings plans are not restricted by geography. So if your in-state offering has high fees or poor investment choices, look elsewhere.
  5. Retirement

    4 Ways to Boost the Amount You Save for Retirement

    Retirement can easily last more than twenty years, which means you have to save a lot. Thankfully, there are ways to enhance the amount you put away.
  6. Investing

    4 Billionaires Who Dropped Out of Harvard

    People who became successful despite dropping out of Harvard University.
  7. Credit & Loans

    Adjustable Rate Mortgage: What Happens When Interest Rates Go Up

    Adjustable rate mortgages can save borrowers money, but they can't go into it blind. In order to benefit from an ARM, you have to understand how it works.
  8. Credit & Loans

    Walmart MoneyCard Vs. Walmart Credit Card

    Discover how the Walmart MoneyCard and the Walmart credit card have different benefits that may influence your decision on which one to choose.
  9. Retirement

    How to Stretch Your Retirement Savings

    What does "nest egg" mean for your personal situation? Will you deplete it, or will you nurture it to generate income that lasts throughout retirement?
  10. Savings

    These 10 Habits Will Help You Reach Financial Freedom

    Learn 10 key habits for achieving financial freedom, including smart budgeting, staying abreast of new tax deductions and the importance of proper maintenance.
  1. Is Apple Pay safe and free?

    Apple Pay is a mobile payment system created by Apple to reducing the number of times shoppers and buyers have to pay for ... Read Full Answer >>
  2. Can you use your Walmart credit card at Sam's Club?

    Consumers can use their Walmart credit cards to shop at Sam's Club. However, they cannot use their Walmart credit cards when ... Read Full Answer >>
  3. How can you cancel your Walmart credit card?

    Walmart offers two types of credit cards: the Walmart MasterCard and the Walmart credit card. How to Close Your Walmart Credit ... Read Full Answer >>
  4. Does the Walmart credit card have an annual fee?

    The Walmart credit card does not charge annual fees to its cardholders. It does, however, have other fees associated with ... Read Full Answer >>
  5. How do NetSpend cards work?

    NetSpend prepaid MasterCard and Visa cards are popular prepaid debit cards requiring no minimum balance and no credit check. ... Read Full Answer >>
  6. Can the Best Buy credit card be used anywhere?

    The Best Buy credit card can only be used in Best Buy stores and when making purchases online through the Best Buy website. ... Read Full Answer >>

You May Also Like

Trading Center