Brilliant Ways To Save Money As A Student

Published by Maku Seun on

If you are a student then you must know what it feels like being broke. This post will show you how you can save money as a student.

Learning how to save money as a student is going to be a useful skill.

Even after budgeting there’s always a way money gets out of your pocket without you thinking about it and soon you will learn how to save money well while being a student.

Below are some brilliant ways you can save money as a student;

This is mostly for college students and if you are in high school, you can use it to learn how to save money now so you can be more experienced at it when you get to college.

Live at home instead of staying in the hostels

Living at home while studying isn’t typically considered the norm, and many people feel they’re missing out on new-found independence and the student social-life.

However, living at home and instead choosing to commute during your time at university may just prove to be a significant money saver, especially when you consider the rising cost of rent.

Budget as soon as money comes in

This is very important and cannot be over-emphasized.

Budgeting as soon as the money comes in is absolutely crucial for saving your pennies at university.

Before you do anything else, set aside money for your essential expenses such as your rent, utility bills, food shop and any savings.

As a result, you can be sure that all of your expenses will be paid and you’ll know exactly how much you have left to spend how you want to.

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Luckily, technology has made budgeting less of a chore.

No longer do we spend hours over the kitchen table filling out spreadsheets.

Modern budgeting apps link up to your bank account and automatically track spending.

You just need to occasionally review the numbers and adjust the categories.

Leave your card at home on nights out

Taking your card out with you on a big night out is a dangerous game.

Instead, take out some cash and leave your card at home.

That way, you can be sure that you won’t drunkenly spend way over your budget.

Don’t shop for food when you are hungry

Plan your meals in advance. That way, you’ll know exactly what you need to buy, and how much you’ll need to spend – and you’ll be way less likely to waste anything.

Plan your weekly meals and that way you’ll be less inclined to order an expensive takeaway.

Buying lunch at the uni cafe is easy and convenient. But it’s expensive, and probably not that good for you.

Instead, find recipes that freeze well and make multiple servings every Sunday (or whatever day is convenient).

Your university will have a kitchenette with a microwave you can use.

Earn some extra income

If your course allows enough free time for you to take on a part-time job, grab one to earn a bit of extra income.

University towns often have regular openings for retail staff, waiting staff and bar staff.

If for whatever reason taking on a part-time job isn’t an option for you, there are plenty of money making opportunities to be found online.

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Find something that will bring in some extra cash for you.

Cut out unnecessary subscriptions

By doing regular checks of your subscriptions, you’ll cut out regular payments you don’t use before they cost too much.

You could also consider whether there are free or cheaper alternatives.

This should be an important focus when you make your budget.

The only thing more expensive than a one-off purchase is a subscription! Or a bigger one-off purchase, obviously.

You also need to identify the subscriptions that help save you money. If $10 a month on Netflix stops you from going to the movies every week, keep using it!

Take advantage of student discounts

Many shops and food outlets offer student discounts. Even where they aren’t advertised, it’s worth asking as they are sometimes still available.

If you have a favorite shop, you could try to get a part-time job there to take advantage of the staff discount.

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.

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