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How to Save Money as a Student

Being a student isn’t as easy as people think it is. There are a lot of struggles which include balancing studies, time management, and even financial debts. There are times when you can’t stay within your budget and that just ends up with you panicking. 

However, if you follow a strict routine, you can save yourself a lot of money. Now what are some of the simplest ways for you to save money? Let’s find out! 

Download an Expense Tracker

Usually when spending money, we lose track of how much we have in our bank account and how much we have spent so far. 

Getting an expense tracker app can make it easy for you to manage your expenses. All you have to do is log every transaction that you make so that the app can calculate how much you have spent and how much you have left. This way, you can consciously work on saving money. 

Keep an Eye Out for Good Deals

Whether you are a college or a high school student, there are a lot of initiatives that give student discount. For instance, if you head to the movies, you can get a ticket at a discounted rate at the cinema. Also, students are eligible for a 10% discount on their valid student ID at every McDonald’s outlet in the country! 

Similarly, internet services like Xfinity internet also offer plans that are budget-friendly as well as offer good speeds, specially designed for students. 

Since students have less disposable income compared to those working full-time, these initiatives charge them less – just a good business sense!

Don’t Act on Impulse

Most of us have a common problem we tend to buy things on impulse. Instead of impulsively buying things, you can always make a plan and set a budget instead. 

If that doesn’t work, just add things to your cart and buy them later when you have the money for it. This way you can determine whether the thing you are buying is important for you or not. Always list down your pros and cons before buying something so that you can keep your finances in check. You must also see whether the product you are getting for yourself is useful for you or not If it is, then you should definitely consider getting it! If not, then you can always consider not getting it and saving money instead! 

Cook for Yourself Instead of Ordering Something

If you run an analysis, you’ll see that cooking for yourself costs a lot less than ordering something. When you order something from a restaurant, you not only have to pay for the food itself but also the delivery charges. 

On the contrary, if you cook something yourself, you can just head to the grocery store and grab all the ingredients that you need to make something delicious. This is way cheaper. This way, you can save a lot of money and you won’t have to pay delivery charges either! 

Buy Pre-Loved Products

When it comes to shoes and clothes, it isn’t necessary to only get brand-new things. You can head to your local thrift store or flea market to find some of the best pre-loved items you can get! 

These clothes and shoes will cost you a lot less and you can still make a statement wherever you go! You just have to be smart about what you buy! You can also find pre-loved items online, such as the Facebook Marketplace where people often sell their belongings. 

Try Walking Instead

If you live near or on campus, you can always opt for walking to and from college instead of taking buses. Not only can this help you save money but it is also a great way to keep your health in check. 

Plus, you can protect yourself from heart issues in the long run if you choose to walk instead! You can treat yourself to something good occasionally from all the money that you save! 

An Extra Tip

Instead of getting new textbooks every time, you can get used ones instead. This would help you save a lot of money since textbooks usually cost a lot. Not only that, but you would also be technically saving up on paper and energy if you choose to buy used books from someone!

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