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Get Your College Textbooks Cheap This Semester

Get Your College Textbooks Cheap This Semester
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This is the time when every business in the entire USA advertises their back-to-school promotions. The Fall semester is about to start and students and their parents have started making purchases to be all set on the first day of school. If we forget about tuition for a minute (as it is something we can’t save money on), textbooks would be the most painful recurring expense. Here are the pro-tips to save a lot of money when you buy or sell your books.

Find out which books you need

If you want to get your books without any surprises, then you need to do your homework even before your real homework starts. The information on which books are needed is usually on your department’s website or professor’s course web page. You need to find the book title, author, edition and year. It’s best if you can find the ISBN, which is easy to find by typing the name into one of the many websites available, such as Bookup. You can also do some searching on Google to find exactly what you need.

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See if a friend has those books

Check with your friends to see if they have that book. If they do, just borrow it from them or even buy it. Usually online textbook sellers make about 40% buying back a book from one student and selling it to next. For instance, if a bubble wrap version of a book costs $100, you can buy a used copy of this book for about $75 online or at the university bookstore. However, if you want to sell this book back to them after the semester you will only get about $30 to $35 back at best. If you buy the same book from your friend and pay him or her $55, you will save $20 and your friend will also make $20. It is a win-win situation for both of you! If none of your friends have a copy of the book, read my last point here on peer-to-peer book trading.

Buy a used textbook

If you can’t acquire the book from a friend, see if you can find a used textbook. Be very careful when you buy a used textbook though. Read this article that debunks the myth of cheap used textbooks and proceed with caution, doing the math to figure out what is actually cheaper. Sometimes what seems to be cheap is not necessarily so. See if you are getting free shipping and check if the price includes taxes and fees.

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Don’t rent a book

You will hear some experts to advise renting a book. These experts are mostly paid by big guys such as Amazon and Chegg, either directly or through marketing. I would totally oppose it, unless of course you really don’t have enough money to buy the book and you have to rent it. If you can buy a used book for $60, or rent the same book for $35, go for the buying process. In the end you might be able to sell the used book for $45, but renting is a 100% loss.

Consider an international edition

If you can find an international edition, just buy it right then and there. It is mostly the same stuff at three to four times cheaper. If you are worried about the legality of buying international editions of the books, trust me, you are fine. There was a recent legal decision that makes it legal to buy or sell used college textbooks even though it is publicized as the other way around.

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Get an eBook and an eBook Reader

If you don’t need to touch the book you are reading, you could also go for the electronic version of that book. Electronic versions are usually cheaper and it is easier to search through them. You might also be able to get them online in pdf form. If you find a pdf file then you don’t even need an e-book reader.

Check out the previous editions

The previous editions of a book are usually much cheaper. If the difference is not significant, you could continue with the previous edition. Your professor is not going to change his notes every year just because the publisher changed stuff inside the book, meaning there is no need to buy a new edition of a book. If you are assigned reading, just compare notes with your friends and read accordingly – it’s usually only a one or two page difference.

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Look for peer-to-peer trading

This is my best advice to you. The online retailers including Amazon and Chegg have to spend a lot of money on their warehouses and people to manage those warehouses. This expense is reflected in their prices. If you want to get cheaper rates, use a company that doesn’t maintain warehouses. Bookup is one such company: they let students interact with each other and this way they save students 30-45% on used college textbooks.

The way it works is pretty impressive as well. You sign up with them and list the books you have or you need. Everything else will take place by text message. You might find a match right away and you can continue the sales process with Bookup. If there isn’t a match, then you will get a text message whenever someone has a book you need or someone needs a book you have. You can reply to that text and complete the transaction. You can even get a book you want by trading it for a book you have, which means you pay nothing. I would highly recommend this “by students for students” startup to all students looking to save some money on used textbooks.

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Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

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Reference

[1] Hartford Gold Group: IRA Retirement Accounts

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