Surprising Money Saving Tips Every Student Must Know

Published by Maku Seun on

Are you a student and do you want to know the surprising money saving tips every student must know? If you do, then this post is for you.

Being a student is tough on the purse strings. It’s the first time you’re really completely in charge of your own day-to-day finances.

The last thing you want to be worrying about is money so we have come up with a handy little list to help you stretch your moolah even further.

Budget as soon as your student loan comes in

It’s pretty excruciating resisting the temptation to spend your loan on luxuries – but the best way to ensure you won’t find yourself struggling is to budget as soon as your loan comes in.

Before you do anything else, set aside money for all of your essentials such as rent, utility bills and your food shopping budget.

If you can, try to set some aside for savings too.

At the end of it all, you’ll know exactly how much you have left to spend how you want.

Use your student discount

Use it all the time! You will miss your student card when it is gone so you might as well milk it for all it is worth during your time at college.

Lots of clothes shops, local stores and venues offer students discounts so don’t be afraid to ask around.

Make some extra cash

Once you have completed your budget, if you find that you don’t like the results – either there isn’t enough income to cover your outgoings or you would like more money for your entertainment budget, etc then the next step is to look at ways to make some extra money.

Getting a part time student job is the obvious solution, and you can make some inquiries at your university about such work and check out local job listings.

Recommended Article:  Ways You can Master Your Money this Year

Alternatively you can earn some extra cash online with my top ten ways to make extra money.

Do not use a car

It may sound lifesaving, to have your own car and to be able to go places anytime you want to.

But cost-wise, fuel, maintenance, and everything related to having a car is far more expensive.

Instead, you can choose to walk, ride a bike, or use public transport.

These things add up to a healthier lifestyle, keeping you active through the days.

Make the most of Fresher’s Fair.

You’re a student, so you may as well take advantage of all of the events and opportunities that are there for you to enjoy.

At Fresher’s Fair you can grab everything from free food, to free stationary, to vouchers for restaurants, high-street stores and supermarkets all to name but a few.

Sell what you don’t need

You don’t want to add up more chaos to your room, by keeping things you simply do not use anymore.

And why do that, when you can earn money by selling them!

There are plenty of stores and websites that will allow you to do so, such as Poshmark and Craigslist.

You can sell your used clothing, furniture, dishes, or tech items.

Many students need cheap, used stuff as they are all on the same page as you – looking to save up money.

Learn to cook

A massive expense whilst you are at university is food.

If you can’t cook then you will be relying on more expensive ready meals, take aways and meals out.

Learning to cook a few simple meals will make a hit with your friends and house mates whilst saving you money

The Stu Festival have some great videos on YouTube – most of them are under 10 minutes and will teach you to cook some great basics like spaghetti carbonara, roast vegetable cous cous and chicken stir fry.

Recommended Article:  Shocking Secrets To Save Money From Your Salary

Avoid keeping pets

As tempting as it is, getting a pet, maybe you should wait until after college.

A pet can be very expensive, as it will feel like you will need to provide for two people.

Not to mention the veterinary bills that will follow.

Buy in bulk

No one wants to be caught strolling into halls with a huge multi-pack of 30 toilet rolls but someone has got to do it.

Team up with your flatmates to buy things like toilet roll, kitchen roll, bin bags and washing up liquid from your local euro store.

You’ll save a fortune and will never be caught without.

Look for vouchers & deals

Gone are the days of being embarrassed about using discount vouchers – most retailers and restaurants are now dishing these out weekly.

Either register for newsletters from your favorite places or be sure to check a deals website like Hotukdeals regularly.

Remember that you don’t always need to print the vouchers – many will provide a unique code to use.

Avoid buying famous brands

You can procrastinate your fancy lifestyle when you have a career in place.

But since you’re now focusing on your studies, it is more convenient to buy more generic items whenever possible.

Surely you can get decent things with reasonable prices, that are just as good and healthy but that are not necessarily named by a famous brand.

Conclusion

These are some of the money saving tips a student must know and you should take very good care of your money because if you don’t, you may end up finding that life can be difficult without the relevant skill to save money.

Categories: Money Saving Tips

Maku Seun

Maku Seun is a blogger, an entrepreneur and author of Charge Your Life currently on Amazon. He has started various online businesses and is well experienced in saving and managing his money. Follow to get more money saving tips.

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.