Everybody knows that college is tough. Between studying for tests and worrying about finding parking on campus, you also have to be careful you don’t overdraft your account. The good news is that there are plenty of ways you and your roommate can team up and save money on the things you both use.
Here are four ways to save money with your roommate:
1. Buy It in Bulk
Buying common household items in bulk is way cheaper than buying smaller packages every few weeks. Purchasing mass quantities of items like toilet paper, paper towels, sponges, cleaning supplies, etc. can save a lot of money in the long run, and it’s easier to keep track of who pays what if you just split the cost down the middle, rather than arguing about who bought the napkins last time. Plus, you’ll save on gas since you won’t be running to the store every two weeks to restock.
2. Split Certain Grocery Items
Cooking for one is cheaper than eating out, but still a little pricey. You and your roommate probably won’t want to split all of your groceries, but panning a few meals together can save you both money if you split the cost between the two of you. Other items like fruit and fresh bread can also be shared because they go bad quickly. Just be sure to talk with each other and decide which items you want to share before making a trip to the store.
3. Take Turns Driving
Gas is expensive so taking turns driving is a great way to cut back on that expense. Instead of taking two separate cars everywhere you go, take turns driving to campus or to the store. If you go on a road trip for the weekend, be sure to ask for some gas money so you aren’t footing the bill just because it’s your car.
4. Divide the Bills
Utility bills often fluctuate from month to month. Rather than putting one person in charge of electric and the other in charge of water and gas, consider splitting the total cost evenly between the two of you. This will ensure you are both paying a fair amount and one of you isn’t footing the entire bill every month.
These four easy tips will help both you and your roommate save money on common household expenses. So rather than buying your own dish soap and driving separate cars everywhere you go, the two of you can split these costs and have more money to spend on the fun stuff.
Looking for more ways to save money? Check out our tips and tricks on How to Budget in College.