7 easy ways to save money as a student
Life as a student is a costly affair, am I right? Not to mention, the difficulties when it comes to saving money when you’re trying to live your best student life. However, there are various ways in which you can save money without breaking the bank.
Here are 7 easy and basic ways to save your money whilst still making the most out of your budget…
1. Have a budget
This may seem pretty straightforward and easy to understand but the question is – how many students actually have a budget set up for themselves? Having a budget helps you measure and manage your finances effectively and efficiently. In addition, it will also make you focus on the cost of purchases in which you will automatically start saving money and determine if you’re getting value for your money. There are tons of free budget apps for you to download to manage your finances to the best of your ability.
2. Second-hand possessions
As a student, your finances are limited. Purchasing second-hand items like text-books or items of clothing is an option to look at if you want to be thrifty. Second-hand possessions will take you a long way if you’re on a strict budget.
3. Use your student card
There are many stores and memberships that students can score sweet deals with. Always do your research on which clothing outlets, restaurants and night-time activities accept student cards for discounts. Make use of that student card!
4. Cut out unnecessary subscriptions
As students, we are known to have terrible financial management because we either get persuaded into purchasing unnecessary items or get carried away with subscriptions since we feel “it works out cheaper”. If you don’t need it, cancel it and save the money!
5. Prepare your own meals
It’s time to say goodbye to those food delivery apps. Instead of always purchasing meals (which could be unhealthy), consider a trip to the grocery store and pick out the essentials that you need for breakfast, lunch and supper. If you’re not a morning person, prepare your meals the night before. You’ll be saving time and money!
6. Be smart with grocery shopping
Food will be one of your biggest expenses, so keep an eye out for discounts and never shop when you’re hungry. Purchasing supermarket branded products instead of well-known brands and purchasing them when they’re on sale is a quick and easy way to save money.
Make use of public transport! It’s easier on your wallet and better for the environment. Most tertiary institutions have public transport links which make the route to campus easy, safe and reliable. If you’re uncomfortable with public transport, try to carpool with a few of your buddies as it’s also an efficient way to save money.
Always make sure you are saving for a rainy day!
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