How Studying Online Can Save You Money


Online learning has become a very popular option because it is so accessible and easy to work into your schedule. There is no need to commute or change your work schedule to take an online class, and you can generally study at your own pace. However, there is one perk of online learning that is often overlooked: substantial financial savings! Compared to traditional brick-and-mortar classes, online courses save you money in several ways:money

  1. Back to School Shopping– If you’re studying at home, there’s really no need to stock up on a back-to-school wardrobe. Other than a new pair of sweatpants, you probably won’t need to add anything to your wardrobe. Also eliminated are backpacks, pencil cases, and other accessories that you don’t need when you’re studying in your living room.
  2. Keeping Your Paycheck– Online courses can easily be scheduled around your work schedule. Instead of quitting your job to attend classes, which might require taking on student debt, keep your job and graduate in a better financial position. Starting your new career with a huge debt load to pay off might seem like taking two steps forward, and one step back!
  3. Rising Gas Prices– If you live within walking distance of your college, lucky you! If you don’t, chances are you’ll have to spend money on your commute to class. Between the ever-increasing cost of gas, parking fees, and the increasing cost of public transportation, getting around isn’t cheap. Studying at home will completely eliminate those extra costs!
  4. There’s No Rush– Studying online generally means learning at your own pace. If you are having a hard time with a topic, you have the option of revisiting it before moving on to the next topic. In a regular class setting, the instructor will have a more firm timeline to follow and more students to divide their attention between. As long as you meet any deadlines you might have, you can learn at your own pace to make sure you pass every class. Nothing would feel like a bigger waste of money than having to take the same class over again!
  5. You Can Start Working Sooner– On the other hand, having more control over the pacing of your studies also means that you could graduate more quickly. Depending on the program, you may be able to take your classes in a shorter period of time than the in-class schedule. This means you could be working in your new career- and earning your new wage!- even sooner.

As you can see, the flexibility of online education has real financial benefits. However, to succeed in an online course it’s important that you are the kind of person who thrives while learning independently. If you do best in a group setting, you might want to consider taking on campus classes. Whatever you decide, do what’s best for you and your career.

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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