Finding ways to save money as a student is one of the vital lessons to master as a young person. Many agree it’s the most important one! The ability to manage finances under different circumstances can be invaluable. More importantly, it prepares us to brave the world alone.
This exciting time is an important part of life, offering freedom we didn’t experience before. But it’s not all fun and games. That freedom also comes with responsibility. To help your budget thrive, we’ve gathered seven money-saving tips any student can make use of!
Create a Budget
Step one of any money-saving endeavor is to come up with a budget. Putting everything on paper will help you figure out where your money is going. More importantly, it’ll make it easier to see where you can cut back. Budgeting is not the most fun activity in the world, sure. However, you can keep it simple. Use a budgeting app, create a spreadsheet, or just write it down in a notebook.
Cut Back on Unnecessary Costs
The next important step is to make the distinction between necessary and convenient. Firstly, avoid impulse buying and don’t give in when walking by stores. Wait for sales instead. Secondly, consider walking or using public transportation instead of your car. It’s better for the planet, too!
Eating out is a significant expense for most students. However, it’s also one of the easiest habits to cut back on. Instead of eating out, why not cook at home? You can use affordable groceries and just take your lunch to school. Soon enough, you’ll notice how much of a difference it makes.
Look for Student Discounts
Countless businesses offer student discounts, so make sure to take advantage of them whenever you can. School supplies, tech, Amazon Prime and YouTube subscriptions, tickets – there’s a lot of stuff you can get for less money. Also, if a business doesn’t advertise any special offers for students, it’s still worth asking about it. Just make sure to keep your student ID handy!
Shop Around for Textbooks
Textbooks often cost an arm and a leg. You don’t have to pay full price for them, though. Consider buying used or, better yet, digital textbooks. Even if that doesn’t work, you might be able to rent them from the local library.
Besides, you should always make sure to check if you really need a particular textbook. Notes from older fellow students (or from online sources) might be more than enough. Before you reach for your wallet, don’t forget to check online for free textbooks.
Get a Roommate or Two
Rent and utilities will have the largest impact on your budget. Hence, finding roommates is one of the best ways to save money as a student. Not only will you be able to save a nice chunk of cash, but you’ll also meet new people. Who knows, maybe some of them will turn into lifelong friends! Having a good roommate will make everything easier, from studying to dealing with the bills.
Find a Part-Time Job
If you have enough free time, consider getting a part-time job. Not only will it help you cover your expenses, but it can also do so much more! Paying for tuition, learning new skills, getting your professional career off the ground – you name it!
There are a variety of flexible college-student jobs that pay decently. Even if that’s not the case, you can use your knowledge and try tutoring or online freelancing. Just don’t forget that your studies are a top priority.
Start Using Pawns.app
Let’s say you’re too busy for a job. Don’t worry – there’s a way to make money with minimal effort! Pawns.app offers a steady passive income source through internet sharing. Just run the app, and you’ll be earning in no time. You can also complete surveys during your study breaks to increase your bottom line!
We also have a great referral program. Share your link with people who might be interested – through messages, socials, forums – wherever you think is a good idea. Each person who registers through your link gets a $1 starting bonus. What’s in it for you? Whenever they get paid, you’ll get 10% of it!
A bit of extra cash can make a huge difference, and students know this better than anyone. Using these ways to save money as a student will help you make the most of your budget, though. Finally, a little bit goes a long way, so be patient and focus on your goals. With some effort, you can make a huge difference and be on your way to a bright financial future!