It can be really hard saving money when you’re working, going to college and trying to have
a life. Charter College shares these 7 money saving tips for students to help make them
more aware of how they spend and how to save.
1. Make a budget. Before you can cut down on expenses, you need to know what they are.
You also need to have a clear picture of how much money you make. Compile a list of all
you spend. Include items like rent, utilities, food, transportation, and medical expenses. Also,
add that night out to the movies or dinner and that quick trip to Starbucks. Then, add all your
sources of income. Do you work full time or part time? Do you receive a scholarship or some
kind of sponsorship? The more accurate you make your budget, the better.Once you have a realistic budget, take a look at spending you could trim. Here are six.
2. Make your own meals. Instead of buying breakfast and lunch outside, make them both
at home. Set a timer to have coffee brewing when you get up and eat breakfast before you
leave for the day. Use leftovers from dinner or buy lunch ingredients and make one every
day. If you’re not an early riser, prepare everything the night before. You’ll save time and
3. Use your local or university library. You can get books, movies or even some of the
textbooks you need for class at your local or university library. And they’re all free! They also
may stock some of the textbooks you need for class. They might even host free events or
gatherings – check with your library and find out all the fun you might be having without
spending any money at all.
4. Dine out with care and coupons. It’s okay to go out to dinner occasionally. Just do so
with care. Take advantage of early diner specials, buy one-get-one free deals, and
discounted days. Use online coupons and consider splitting your main dishes. And instead of
a pricey soft drink or juice, drink water with your meal. It’s better for you and it’s free.
5. Seek out free entertainment. Live outdoor music or busking often happens at malls, train
and bus stations. Sometimes communities and colleges put on plays, concerts and lots of
other events free-of-charge. Check the websites of area colleges and community pages and
look at their calendar of events. What’s happening in your area?
6. Use your student id. Your student id is more than just a ticket to your courses. It’s a
great discounter. From restaurants and retailers to concerts and plays, your student
identification can save you money. Trains and busses also give big student discounts.
Wherever you shop or go, look for signs offering student discounts, and ALWAYS ask,
whether there’s a sign or not.
7. Use coupons or wait for sales promotions. Don’t shop without checking for grocery
store flyers, online bargain coupons, special promotions and so on. Especially for big ticket
items, don’t ever pay full price! Wait for a sale or find a coupon.