Get ready for college on a budget

Students heading off to college or university are often hit with a good dose of reality once they get there – for the first time in their lives, they’ve moved away from the comforts of home. In Canada, students can also expect to spend close to $20K per year on tuition, books, meals, and basic living expenses!*

Canadians often turn to the second-hand economy during big life changes, and students should be no different. Here are a few clever tips student can use to make going to school a little easier:

Source second-hand supplies: During August and September, there is actually a spike in listings for second-hand student-related items like backpacks, mini fridges, and more. One of the biggest categories this time of year is textbooks. Last semester’s textbook is just as good as a brand new one, and you can find them for much less on Kijiji!

Deck out your dorm: Whether you choose to live in residence or off campus, all students can save by decorating their spaces with the second-hand economy. Canadians are actually buying and selling second-hand furniture more than ever before so it’s easier than ever to make your new place your own. On top of that, you can expect to pay 4x less for second-hand home goods vs. new.

Pass on the transit pass: If you’re living off campus, you’ll need to find some way to get to school – when you’re not skipping classes, that is. We recommend doing a bit of research on the cycling community in your school town, because a second-hand bike can spare students the high costs of owning their own cars or school bus passes. Plus, it’s a great way to get exercise in and avoid the freshmen 15!

Pay it forward: Buying and selling second-hand can put almost $2000 back in your pockets annually, so at the end of your first year in residence, or after the completion of your 4-year degree, pass the savings onto someone else by selling what you no longer need.

Instead of moving all your furniture, books and gear with you to wherever you’re heading next, keep it within your school community and offer it up to someone else looking to save. Plus, you can use that $2000 on something you really need or want, or even towards that hefty loan.

Students can feel eager and more confident getting back to school with just a few choice tweaks to their spending behavior, and with a little help from the second-hand economy.

 

 

 

* https://www.macleans.ca/education/the-cost-of-a-canadian-university-education-in-six-charts/

Learn How to Get Involved in the Second-Hand Economy!

Learn How to Get Involved in the Second-Hand Economy!

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