Being a student means that sometimes the budget can be pretty tight. There are a lot of obligatory expenses that need to be paid, such as the rent and the other fixed expenses. However, you can save money on other things. Here are 10 useful tips on saving money as a student:
- Choose your bank wisely. Many banks have benefit programs for young people, such as Nordea’s Check-in. You may get a lower interest rate for your student loan, discount on insurance and service fees. Check the websites and go visit the banks to see what they have to offer for you.
- Make a budget. List all your income and outcome. That way it is easier to see how much money you spend on not-so-necessary purchases and you will be able to cut them down. This one can be a real eye-opener and make you realise what you could have gotten if you hadn’t bought all those cups of coffee.
- Check the places with student discounts and use them. You can get discount on movies, clothes, almost everything when you’re in the right place. Remember to keep the card with you at all times; you never know when you might need it.
- Borrow your text books or buy them used. Libraries usually have the newest editions, sometimes you just have to wait for them. If you don’t have the time, ask your friends and around your school if you could borrow or buy it as used. And remember, once you’re done with the book return it to the owner or sell it further!
- Many students live with roommates. If you are one of the lucky, you should try cooking together. It will save all of you a lot of money. You will be able to prepare bigger portions (and don’t need to eat it for the whole week) and save money by splitting the grocery expenses. And you might learn to cook some new dishes!
- If you have a membership to a gym, you should consider cancelling it and start using your school’s gym. Many schools also offer group exercise classes. And the price is much lower compared to a fancy gym!
- Don’t buy your groceries from the small market downstairs. Hit the supermarket and the prices will be much lower. Also check out the advertisements for good bargains. And remember; don’t do the grocery shopping when you’re hungry.
- When travelling, check out the carpooling ads on the Internet. You might get to your destination just by paying your share of the gas. Bus and train tickets can be very expensive, especially during holiday seasons. Just remember to be careful and only respond to ads that seem trustworthy.
- Shop online. Many online stores offer the same products as the regular stores, but the price might be different. So compare the prices before making a purchase! Especially cosmetic products are often more affordable online.
- Stay at home once in a while. When meeting friends, you don’t always have to go to a restaurant or a bar. Staying-in can be just as fun or even more fun. By preparing your own meals and drinks, you will save a lot of money compared to the high prices of restaurants and bars.