Money saving tips for students

6 Money-saving tips for students during college | Codiens

6 Money-saving tips for students during college | Codiens

6 Money-saving tips for students during college | Codiens

 

Are you a college student? We know that as a student, one of the concerns is how to save money during college study years. College studies mean that you can’t work full-time. That makes it difficult for a student to keep the pace between champagne taste and a beer budget.

But fear not: Here are some easy tips and tricks to save money during college as a student.

 

1. Buy or rent second-hand textbooks and sell last semester’s books back

 

Buying second-hand stuff is a great way to save money during college study. Old stuff prices are usually much lower than for brand new items. You can easily save 50%-60%, and the exciting thing is second-hand textbooks are rarely used. 

Or you can check your university campus bookstore and see if you can use old stuff. Moreover, you can also check sites like Amazon, Flipkart to find potential discounts on textbooks. And take advantage of student discounts in your college.

 

2. Cook for yourself

 

We know that eating out is easy and convenient. But it’s one of the most expensive things that you can do. Restaurants and cafes are pricy, especially near colleges and universities. Instead, find recipes that freeze well and make multiple servings every Sunday. Cooking for yourself is much cheaper, healthier and better for your body. Studies say that weight loss is 80% diet and 20% exercise. So if that’s one of your goals, you can also save on a gym membership by eating healthier.

 

3. Cut out unnecessary subscriptions

 

Cut out expensive packages that you don't need. This should be an especially important focus when you make your budget. You could choose cheaper alternatives by doing regular checks of your subscriptions. Instead of going out for movies every week, opt for a subscription on platforms like Netflix and keep using it.

 

4.  Avoid buying name brand items during college

 

Try to opt for generic items whenever possible. Don’t spend too much on expensive clothes, shoes, accessories etc. You can use coupons on items that you buy a lot. Don't go for status instead try to spend on your skills that are going to add value to your career.

 

5. Be creative with your activities

 

Consider going for free entertainment. We know that most social activities cost money, but there are always cheaper ways to have fun.

Instead of going out to a cafe, why not have a picnic in the botanical gardens? Rather than going out for the movies with friends, why not watch on Netflix at your place? Instead of hitting the streets on Saturday and Sunday night, why not go camping nearby?

It is really a win on your counts without comprising your entertainment.

 

6.  Create a monthly budget

 

Consider creating a monthly budget spreadsheet so that you can keep a check on your expenses. Cut your spending on kind of stuff that does not add any value to your skills or growth. 

And try to stay away from credit cards! Using credit cards may lead to overspending or huge bank debts by the end of the month. Refrain yourself from this method of paying.