7 Effective Ways to Save Money as a College Student
College days make up the most exciting and interesting phase of any one’s life. Around this time, you have grown mature and beginning to understand life, people and yourself better than in the past. On one side you will find too many things coming up demanding you to spend on them. Of course, most such expenses on studies, utilities, entertainment and others are necessary by all means. However, a good number of students might not enjoy the required financial freedom. A few might have to support their education by earning part time.
Either way, it is important to save money in college so that you do not land in a crisis situation. After all, the money saving training develop at the college is going to be your life-long companion to let you spend wisely and purposefully having something extra for emergencies and another useful spending. Here are how to save money as a college student.
Avoid unnecessary costs
Most of us will be surprised to see how much we can save while cutting down some habits. Do not make impulsive buys. Do not get carried away by fanciful dresses as you walk down the street only to land on unplanned purchases. When it is appropriate, travel by public transport and thereby avoid wasting fuel. Buy your clothes during peak festival seasons with attractive discounts. These are small things but can help you save money effectively.
Save on books
Most professors and lecturers teach the students at the college from the data collected in their research and so in most cases, textbooks might not be a dire requirement. Acquire the reading materials from diverse sources. Develop some contacts with past students and collect their notes and reading materials. Use some online sources to gather the material you need. Visit libraries during free time and take some notes. If there are only a little sections required from textbooks, photocopy those few pages and avoid buying whole books. In this way, you can cut down the costs on books.
Save on basic amenities
Since you might be living away from your home, there might be a few requirements on a daily basis like furniture, utensils, furniture and crockery. Check if some unused things are left behind by your seniors. Make use of the offers to avail them free of cost in the campus. Check the storage space where old things are piled up to see if there are something useful to you. Get the required permission from the right departments and collect them either for free or at nominal charges.
Save on shopping
Today there is a stiff competition among the online and offline stores to attract customers. Coupons are some ways businesses use to allure customers. Sometimes wholesale purchases can also save you money. Identify the nearby local markets that sell wire for cheap prices. If you are conscious about these avenues to save money, you can certainly land on a good saving.
Do not overspend
Most students have the habit of overspending on phone bills, internet costs, and other electronic gadgets. It is important to restrict the spending on these items by planning the monthly budget properly and sticking to it. Those serious about saving money need to work on each of these aspects and see that a considerable amount is saved. Some of the ways of doing this can be like using prepaid cards instead of using cash. This kind of practice will let you spend within the card limits and thereby avoid overspending.
Save on accommodation
Find brokerage free accommodation to save money. If possible, share your facility with a good roommate. Cultivate a good bonding with your roommate by doing the daily chores in cooperation. Never ever fall for brokers since they charge exorbitantly, do independent research online and offline and also take referrals from your contacts to find good accommodation options.
Make some earning
These days’ students have a variety of options to earn while studying at the college. There are also some on-campus jobs that pay well. For example, you can help your seniors to write their notes and also sketch up their practical books. In your areas of expertise, you can teach your juniors. Sometimes helping professors with their research can pay you as well. Helping at the laboratory or library could fetch you some money. You may also try some off-campus part-time jobs.
College is an altogether new atmosphere for anyone. The heart will ache for freedom and will like to experiment and try anything fanciful in life. At the same time, restraint on spending is a kind of good training every student must cultivate consciously to pave the road for success and happiness for the rest of life. Never hesitate to implement good practices in life like saving habit. It will certainly come to your rescue at some crucial time and also give you the discipline to run your life successfully knowing where to spend and where to curtail.