1 Open Up an Online Brokerage Account
For as little as $8 per trade, you can invest online and make your own investment decisions. Many online brokers such as Ameritrade and Suretrade require only $500 to get started. Sure, others don’t even require a minimum account balance. Be sure to take an online tour first, so you make sure you click the right buttons (hey, clicks = cash!), and understand market terminology. Most cyber stock sites even offer great company research to help you make wise investment choices.</p>
<p>2 Get Free Internet Access
Why pay for AOL when most colleges provide free Internet access as well as a free dial-up account? If you want to keep in touch with your buddies that have AOL Instant Messenger, no problem – just download the AOL Instant Messenger for free! Choose your screen name and chat away! However, if you are commuting, don’t have free Internet access in your dorm, or live off-campus, then you might want to check out NetZero. </p>
<p>3 Invest in Microwave Munchies
You’d be surprised at how fast you can ‘eat’ your money when you’re buying fast food all the time. Stock up instead on microwaveable treats like mozzarella sticks, pizza bagels, instant soups, etc. Let the 'rents take you out when they come to visit!</p>
<p>4 Remember the Three Rs: Ride a Bike, Rollerblade, or Run
Face it, the days of filling up your car’s gas tank for $10 are over! If you can, leave your wheels behind when you leave for college. Not only will you save money on gas and prevent wear and tear on your car, but you’ll get a wild workout and lose some of that Freshman 15 if you blade or bike around campus. Find a motivated buddy to travel with and make the journey more enjoyable. </p>
<p>5 Sell Those Used Books, Quick
Make sure you sell your books as soon as a class is finished. I don’t mean your first class… I mean when the quarter/semester is over, if not a little before. Don’t want to wait in those long lines? Some of the major on-line book sites, such as efollett.com, offer buyback deals, too. (Get a list of online book sites). Click away and get set to unload those pages for pennies (lots of pennies, hopefully!). </p>
<p>6 “You Betta’ Work!”
Stop wasting time in chat rooms and at nonsense sites. Sure, school is tough and you need an escape every now and again, but believe it or not, a part-time job can help. So, it’s not Aruba, but clocking in some hours at a nearby fitness or medical facility, administrative office, Web design firm, or even college cafeteria, can earn you experience, entertainment (think, new friends), and an earmarked-for-savings stash. </p>
<p>7 “One Person’s Junk…” Can Be Cash For You!
It may be hard to part with your Ken Griffey Jr. rookie card, but if you’re way over your childhood attachment, why not put it on eBay and make some quick cash? A lot of us probably have closets full of valuable baseball cards and other memorabilia that are just collecting dust. It’s about time to grow up, cash in, and venture into the real world! </p>
<p>8 Burn Away!
Every college kid needs music, so why not get it for free rather than spending $12-$20 every time your favorite artist comes out with a new song? Although there’s lots of controversy with using Napster lately, there are some sites that offer free, no-threat-of-legal-action MP3s.</p>
<p>9 Don’t Call Your Parents (Long Distance, That Is!)
Why waste your money on long distance calls when you can take advantage of the penny-pinching power of the Internet? Free online phone services, such as DialPad.com and net2phone.com let you dial anywhere in the U.S. for free just by logging onto their site. Another great service I came across is HearMe.com which I liked so much I added this voice-enabled chat to CollegeInvestors.com. My roommate talks for free to his parents in Saudi Arabia; before using it, it cost him $150 a month to phone home. And remember, there’s always 1-800-COLLECT! </p>
<p>10 Talk Stocks With Friends
The best way to get interested in investing is talking it up among students and friends. Get schooled daily on money matters through newspapers and Web sites for breaking market news. Then, why not form an investment club – a stock-lovin’ clique – to share ideas and insights. Pick a spot to hang out and chat up what’s going down (and up) on Wall Street. Everyone can pick a different stock to present – what it does, its fundamentals (financial data), and recent news on the company. Listening to different strategies and opinions can be quite a valuable skill to hone.