How to save money while being a student?

Being a student can be more expensive than it should be. Your studies mean you cannot work full time, but you have to spend a lot of money, be it on textbooks, tuition, or more. That makes it very hard for the students to manage money, let alone save money. The good news is there are some amazing ways the students can easily spend less, and save more, while still enjoying an amazing time. This post lists how to save money in different ways.

Buy clothes at thrift stores

When you are trying to save some money in college, then you can go to the thrift store. There are different online thrift stores from where you can purchase some high-quality and designer clothes. If you prefer shopping offline, there you will find some thrift stores located in the vicinity which you can explore easily.

Try a ‘no-spend’ day

Having a no-spend day can be a simple but surprisingly difficult way of saving some money. When you stop to contemplate about it, you perhaps spend money on at least one thing or the other. It can be as small as a bus fare or one small snack. Restraining yourself from spending even a single penny one day every week can be difficult. However, trying to do so can help you save a good amount of money. It will need some planning and scheduling. Like buying food from a grocery store beforehand or being mindful about not spending money on that particular day every week.

Students Look for free events

When you are a student, your major goal is not only saving money but also enjoying life to the fullest. So, it is ideal to look for free events. Most of the communities generally have free events, be it a concert, nature walk, or some stargazing event. Some of the libraries organize guest talks or other events. You can also look for some local art shows, parades, sports events and much more which excite you but are not expensive. When you are bored at student accommodation Coventry, just go out and explore the city. Walk around and save some money.

Save money by saving energy

If you are paying your utility bills separately, then thick hack is a life savior. Your gadgets, bulbs, fan, etc. can be racking up your electricity bill without you even knowing. Devices like irons, ovens, and hairdryers take up more electricity. You can consider buying energy-efficient lightbulbs or LED lights, which use 75% less energy than incandescent lighting and also last for a longer time. Another best way to cut down on your electricity or gas bill is to ensure that you turn off all your lights, AC, heater, etc. when you are not using them. This will not only help you in leading a sustainable life but also save you money.

Make meals ahead of time

Buying lunch at the uni café is easy but it can be expensive and probably not that good for student. Instead, you can find a recipe that you can easily make in a few minutes and eat at your convenience. By shopping for your groceries in bulk and making your meals, you can save a lot of money. Moreover, if you are planning to lose weight, then cooking all your meals can help you stay fit.

Get a cheap gym membership for student

You can opt for any of the big fancy fitness chains and you will end up paying huge money. While that may incentivize you to go, there is a wide range of ways to lose a few pounds for fewer pounds. Your university will offer you most of the same amenities for a fraction of the cost without any kind of lengthy contract. You can check out some home workout videos and products so that you can exercise at home only.

Make a budget and stick to it

This one covers all kinds of conventional wisdom. Do not shop when you’re hungry, manage all your loans efficiently and cut out on any kind of unnecessary costs. Instead of listing tips, you can figure out yourself, it is recommended to start your budget. What gets messages get managed. If you keep a track of what is coming in and going out of your bank account, it will help you focus on the cost of your purchases. This way you can automatically start saving money.

Luckily, technology has made planning less of a task. No longer do we spend hours over the kitchen table filling out spreadsheets, modern budgeting apps link up to your bank account and track spending. You just have to occasionally review the numbers and adjust the categories.

Wrapping Up

When you are managing your finances as a student, it is important to keep a look at many pointers. However, it is important that you enjoy your life to the fullest. This time of your life is never going to come back. So, plan, schedule, organize and enjoy. You will do mistakes and will learn from them too. It is important to enjoy your freedom, but enjoy adulting at the same time. 

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