Living on a student budget is not easy so some good money saving tips for students can really come in handy. Stretching that dollar to cover everything you need and not having to beg borrow and steal does not have to be difficult. You don’t need to live in a tent and eat one meal a day, but following some simple money saving tips for students can help you save a few $100s a semester.
4 Money saving tips for students
1. Student Discounts: Being a student, you are offered so many perks, like discounted food, transport concessions and even discounts on clothing. Be sure to know where you are eligible for these discounts so if ever you need to open your wallet for something, you’ll know where to go to get a discount for it.
2. Used Textbooks: You’re only using it for 1 semester, so there is no need for it to be brand spanking new. Go to the used book store or contact a senior to save on your semester book fees. This could easily save you more than a $100. And don’t forget to sell your books to the next batch. That’s not just money saving tips for students; it is earning tips too.
3. Accommodation: It might be nice to spread your wings and live alone. But is the privacy worth the extra money? Share a room and spend less. College is also about the social life so why live alone when you can pay less and live with a new friend. And if you still need privacy at certain times, you and your roommate could come to a mutually beneficial agreement.
4. Needs and Wants: All money saving tips for students come down to this. Distinguish between what you need and what you want. More often than not, try not to spend on it unless you NEED it. This will save you the most money. All those extra cans of coke and bags of chips add up to a tidy sum after a semester.
Some good money saving tips for students can go a long way, but what’s better is earning some money too. There are so many ways to do this, whether it is getting a part-time job, to earning money online. Saving and earning will go hand in hand to ease your financial situation.
If you’re on a shoe-string budget these money saving tips for students can go a long way. Be careful with your expenses and always think twice about your NEEDS and WANTS. And to help the situation further, don’t be afraid to go out there and try earning some cash. Part-time jobs, tutoring, affiliate marketing are all great ways to do it.