Most students rely on parent’s allowance in order to have money. Without the parent’s help, students are most likely to become broke. To help you save by maintaining and sticking with your budget, here are some many saving tips every student should know by heart.
Saving Tip No. 1: Make a budget plan
Planning is very important in all aspects of life. By making a budget plan, map out your spending for the week and allocate a certain portion of your allowance accordingly. And make sure you stick to it.
Saving Tip No. 2: Purchase travel cards
Travel cards that can be used in buses or trains are very economical and can help you save a lot. Some public transport operators offer cards which can be used for a particular period and can even give discounts when travel cards are bought in bulk or purchased by a group. Rather than paying for a single journey ticket everyday, travel cards are cheaper.
Saving Tip No. 3: Practice your culinary skills
Making home-cooked meals is much cheaper than dining out. You can find tons of recipes online which are easy to make. Although it may involve some trial and error at first, cooking your own food is more rewarding for both your body and your wallet.
Saving Tip No. 4: Buy in bulk
Grocery shopping can be a challenge. As much as possible, store in those goods especially the non-perishable ones such as toiletries, since it can help save a lot in the long run. Take advantage of discounts and bargain items and buy what you can in bulk. But make sure you’re still on budget.
Saving Tip No. 5: Avail of Discount Cards
Most universities are in partnership with various stores and offer discount cards for its students. Don’t be embarrassed and avail of it. A lot of retail stores and restaurants honor discount cards which can help you save as much as 20% of the original price. So the next time you do your shopping, take out those cards and take advantage of discounts.
Saving Tip No. 6: Cut out bad habits
If you can, eliminate smoking, drinking, drugs and shopping. Also, limit your trip to Starbucks for your early morning coffee. You’ll be surprised with how much you are able to save at the end of the week when these habits are removed, or at least reduced.
Saving Tip No. 7: Get a job on your favorite store
Getting a job while still in school can be financially rewarding. But getting a job at a store where you usually shop is even better. Aside from being paid for the hours spent, you can even avail of discounts every time your purchase any of their products, thanks to your employee benefits.
Saving Tip No. 8: Invest on a printer
Most students wouldn’t realize how expensive printing costs can be. Once you start doing your dissertation, having your own printer can become handy, cheaper and more convenient. You don’t have to pay for expensive printing costs which can help you save a lot.
Saving Tip No. 9: Go for bargains
Charity shops or discount stores are becoming popular these days. Aside from finding vintage items such as books, accessories and clothes at a cheaper price, you even help by supporting the shop’s advocacy.
Saving Tip No. 10: Focus on academic-related activities
Taking advanced courses, joining student clubs or an occasional trip to the library not only helps improve your grades but also enables you to meet new people and at the same time, saves you a lot of cash. Instead of a trip to the pub, focusing on academic-related activities is more beneficial in mind, body and wallet.
Aside from all of these, the important attitude every student should have is discipline. By properly executing these tips, every student will be able to save a lot of money in no time.
Sandra Miller is a freelance writer from Brooklyn. She always uses professional editing services help to make her writing perfect.
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