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We all know things are expensive right now -- even the essentials. And if you're a student or young adult, you probably feel the economic climate's stress even more. While Amazon Prime is certainly not a necessity, it can be quite useful thanks to fast, free shipping, discounts on groceries, access to Amazon Prime Video, and, of course, a way to shop Amazon Prime Day deals.

Since Prime Day is happening in just a week, now is the time to sign up for Prime for Young Adults if you want to save. Here's everything you need to know about Prime for Young Adults and whether you qualify for a membership or not.

Prime for Young Adults replaced Prime for Students last year as the main way for those in higher education to score deals and discounts on Amazon. While a regular Amazon Prime membership costs $15 per month or $139 per year, the Prime for Young Adults program cuts that to $7.49 per month or $69 per year. Perhaps most enticingly, your membership starts with a free 6-month trial -- after that, you'll be charged the monthly price. You can cancel any time.