Money Saving Tips to Make a Student's Life Easier
Being a student is expensive nowadays, you have to pay college loans and rent, buy different books and materials for classes. How can you plan your budget to have some money left over for a social life as well? Is it possible to draw up a realistic and workable budget? Here are some tricks that may help:
The first thing you have to do is to plan your monthly income and expenses. You have to have at least a basic idea of how much you are spending each month and where you can reduce your expenses.
Being a student surely has its benefits. Special coupons are among them. So do some research and find places that will offer you a good discount when you show your student I.D.
Use the used
There is no need to buy expensive textbooks when you can simply check them out at the library or buy already used ones. There is also a plenty of websites where you can rent the books needed for the semester. Try it!
Sell the unneeded things
The same way you can sell the books after the end of the semester. There are a lot of websites where you can sell the used items you no longer need.
College is all about achieving new skills, cooking can definitely be one of them. You may prepare a dinner with friends and then split the cost of groceries.
Try to use public transportation, a bike or simply walk instead of driving a car. It will reduce your gas expenses and, most importantly, help to save your money as a result.
The main reason of unnecessary expenses is the habit of buying things on impulse. Try to wait a couple of days, if you still want to buy the thing, think of the ways where you can cut your spending off in order to purchase it.
Find a more basic phone package or plan. Consider the ones that offer unlimited texting and free incoming calls.
Breaking the habits
Do you smoke? Do you like to eat out? Do you always buy coffee at random coffee shops? If you want to save money, you need to quit these habits. Smoking is very harmful to your heath, as well as eating fast food. And coffee shops are, no doubt, convenient, but usually have unreasonably high prices.
Don't skip your classes. You pay money for them, and not attending is the same as throwing your cash out of the window. Besides, think about all the money you will have to spend to hire tutors in order to prepare for the exams.
As long as you can handle you studying, a part-time job will be a great help to cover a part of your monthly expenses.
Take the most of it
A lot of campuses offer different activities already included in the price. That could be some social events, movie nights, even museums. Try attending these places instead of spending money on a going out.
Whatever you do, it's important to remember that you are just a student. Don't spend the money you don't earn yet. Of course, it may be difficult to say no when things are really tempting. But getting multiple loans is not an option, better concentrate on your future and spend the money you have in a rational way.