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7 tips on how students can save money

7th December 2020 Print

Many young people suffer from the same problem – they want various things but cannot afford them due to the lack of money. How can you fix it?

Being a student means being young, bold, and full of various desires. You want to impress others, attract attention, and maybe even show off, but you face a stumbling block. Your financial situation leaves much to be desired, so you should either find a part-time job or learn financial management. If you are overwhelmed with assignments, it can be hard to combine work with studying, especially if you ignore papers owl reviews. Thus, it is time to find out how you can save a pretty penny to avoid financial troubles. Here are seven effective tips that can help you improve your financial situation.

1. Grab second-hand textbooks

It is not news that students get a list of required or “recommended” books they should purchase for their studies. Sometimes, such a list can be impressively long, so they have to spend all their savings on multiple classes. However, you don’t need precisely “new” books, and you can do well with second-hand ones if they are in good condition. The simplest way is to ask seniors about their used textbooks, search for them on the Internet, or pop in a bookshop. You can ask about such an option on campus, and someone may tell you where to get books at an affordable price tag. 

2. Don’t ignore student discounts

Many students ignore the advantages they can get from their “status” for some reason, but student discounts are a great thing that can simplify your life. If you keep your eyes open, you will notice that many cafes and shops have special offers for young people, so you can get up to a 15% discount. Such a bonus can help save some money or make a difference when buying something pretty expensive. For example, you may need to buy a laptop to study edubirdie reviews and work on your homework. Just search for special offers on the web or ask a manager about such an opportunity. 

3. Watch your food expenses

You may think, “Oh, I don’t buy anything superfluous,” but it might not be the case. You should be a money management guru to do everything perfectly, but young people are unlikely to seriously treat this expense category. They like to have lunch in a café, take coffee to go, and grab various snacks at the nearest coffee shop, not to mention their love for buying unnecessary and unhealthy things in a supermarket. However, every time you grab food outside, you waste money. If you start eating at home and reject making impulsive purchases, you will cut down costs and meet your budget. 

4. Earn some money

If cutting costs doesn’t help handle the situation, you may try to find a part-time job. The chances are high that your campus has a special office that helps students with such a thing. It will be double great if you find a job connected with your specialty since you will kill two birds with one stone – improve your financial situation and get the required experience in the field. If you are afraid that you will not reconcile studying and work, examine reviews always to have a backup plan.

5. Give up your car

If you have a choice – it is worth opting for some other transportation means. It would be cool to start riding a bicycle since you will get a double benefit from physical load and spending time in the fresh air. If you consider all the costs you spend on a car, you will understand that it is a pretty expensive vehicle. Besides, you can find out whether someone may give you a lift.

6. Attend free events

Free events don’t mean an awful pastime, so you should give it a try, especially if your college arranges some gatherings and concerts. Sometimes, such events can provide you with free entertainment, snacks, drinks, or even gifts. So, it is worth staying open-minded. 

7. Budgeting

Successful financial management is one of the most important things you can hardly do without. Make sure your incomes match your expenses. Start planning everything and create a budget for a week, month, or even a day. Stick to it no matter what, and you will see how your financial situation improves.