The Best Ways To Save Money For Students
Being a student costs much more money than it should. Since you have to study, it's impossible for you to work full time, but they cost thousands of dollars a year - how funny is that! You have to spend money on textbooks, tuition, and more. That makes it hard to control your budget, let alone save money as a student.
Don't worry because there are some simple tips you can follow to spend less, save more, while still enjoying your college life. In this article, we will provide you with a list of some great things you can do to save money as a student.
Set A Budget And Stick To It
This is a simple yet the most important thing you have to do when it comes to saving money. Set a budget for every necessary thing you need to purchase in one month and commit to it. This way you can avoid shopping when you are hungry, thus manage your loans and cut out unnecessary costs. If you keep track of what you are spending, you will focus on the cost of everything you purchase, and you will automatically start saving money.
Fortunately, there are now many tools that can help you control your budget. You don't have to spend hours over the kitchen table filling out spreadsheets anymore. Modern budgeting apps link up to your bank account and automatically track your spending. All you have to do is check the numbers and adjust the categories sometimes. Check out the best budgeting tools to manage your money here to choose the one that suits you most. You can also visit Couponxoo since they offer many great deals and coupons from thousands of stores to help you buy what you need at a lower cost.
Buy, Swap & Sell – Including Your School Supplies
You can use this strategy on everything including clothes, furniture, and school supplies. Despite the development of digital, many students still need to purchase mountains of textbooks, costing hundreds of dollars each.
Instead of purchasing new textbooks, you can get the used ones on Student VIP (formerly Text book Exchange), Sell Back Books, and even eBay. This way you can easily save up to 50 to 80% and many second-hand textbooks are hardly used. After you are done with them, sell them on the same site. Sometimes you can even sell them for the exact same price you bought them.
Choose Public Transportation Instead Of Owning A Car
Owning a car is so expensive since you have to pay for many things including rego, insurance, parking, maintenance, and fuel - which adds up quickly. Studies show that you may have to spend about over $7000 per year. That's why you should take advantage of public transportation instead of driving a car.
If you don't feel like going on public transportation, there are still many cheaper options for you to choose such as cycling, skateboarding, or riding a scooter. If you want to go for a long distance, you can try something motorized, like an e-bike.
Prepare Meals In Advance
Of course, having lunch at the uni cafe or canteen is easy and convenient. But it's going to cost you a lot of money and probably not good for your health. Instead, find recipes that still taste good after being put in the freezer and make many servings every Sunday (or whatever day is convenient for you). Your university will offer a kitchenette with a microwave you can use for free.
When you shop in bulk, the cost will be much lower and when you make your own meals, you can save at least $20 a day on food. Moreover, you will also get built-in portion controls and will more likely to eat healthier. Besides, it is believed that weight loss is 80% diet and 20% exercise, so you can also save on a gym membership by eating healthier.
Look For Discounts And Coupons
One of the most effective ways to save money is to look for discounts you are eligible for which are many. If you verify your student ID, you can save a lot of money on travel, movies, food, software, and retail if you know where to look. Check out Couponupto for thousands of discount codes and coupons from many big retailers and many great saving tips to help you control your budget. You can easily look for student discount codes here.
Don’t Get A Pet
This is sad but true because having pets is expensive. You may have to spend a thousand dollars a year. Besides the money you have to spend on pet care, food, toys... you have to spend time looking after them instead of studying or working, that's opportunity cost. Living without a pet will help you save ongoing costs as well as surprise costs you might not think of.
Besides that, living without a pet gives you more freedom. Students enjoy traveling, going out, and moving house more regularly than the general public. If you have a pet, it will be harder for you to be flexible because pets really need a stable environment.
If you still want to adopt a pet, then you should check out the best online stores for pets here to buy stuff for your pets at affordable prices.
Try Activities That Don’t Cost Much
Entertainment is one of the largest non-essential costs for students. Most social activities cost money but actually there are many cheaper ways to have fun. Instead of going out to a restaurant, you can have a picnic in the park or in the botanical gardens which is totally free. You can also watch a few movies on Netflix at your place to save money on going to the theater.