Waving a child off to college or university is a difficult transition period for many parents. Along with the tears and last minute packing, students need to cover necessary college expenses, which is where parents often come into the picture. College expenses can quickly add up, from textbooks required as part of the syllabus, to furniture needed to kit out their new dorm room. How can you avoid unnecessary college expenses?
Textbooks are outrageously priced, some running into hundreds of dollars for a single textbook. When you add up the cost of multiple textbooks that some courses require, you will quickly see the drain in your wallet. Rather than buy brand new for each course, look for used bookstores in your town, and find out whether your college offers a book rental programme. It is also worth looking into Chegg.com and other sites that allow students to rent textbooks, rather than buy them brand new.
A New Printer
Forking out for a new printer is not necessary. Not only will you be spending around $100 on a printer, you will also need to buy printer cartridges, and printer paper. Rather than spend money on a new printer and printer supplies, invest in a USB flash drive instead for a fraction of the cost, which will allow your child to print out essays, coursework and assignments on the campus.
A car is a necessity for many students, especially those who live out in the sticks with no other available mode of transportation. However, if your child lives in the city with easy access to public transportation, they should leave their car at home and hop on the bus, walk or use their bicycle to get to class each day. It costs thousands of dollars to operate a car, including money needed for parking permits on the campus, repairs, registration and more.
Students with first-time credit cards often view their trusted piece of plastic as instant cash that they can use whenever they want to. However, it is easy for students to run up thousands of dollars in debt if they are not careful. If your child must have a credit card, encourage them to use a pre-paid credit card. A pre-paid credit card means that they will not be able to exceed what is on the card.
John Tesh: Intelligence for Your Life
Five Unnecessary College Expenses