When your status says that you are a student, it usually means that you don’t have so much money to spend. You have just enough money to pay the rent every month and buy the necessary groceries. Nothing more, nothing less. How ever, there are always things that you can develop in order you can improve your financial situation.
First of all, many experts suggest that students should take out the student loan. In that way, you can focus on your studies and you don’t have to stress so much about money issues. By taking the loan, your life can be a little bit more stress free and the money problems don’t disturb your everyday life. For instance, if you face unexpected expenses, you have some extra money which you are able to consume. The student loan interest is also low and and the repayment period is flexible. Every student is also entitled to student loan refund which the government will pay. The refund is 40 percent in the cases where the amount of loan is over 2500 euros. Of course, there is a condition that student graduates in time. Sounds quite a great deal to me, right?
In addition, little good deeds which you can do to help your financial situation is to pay attention for example to your consumption habits. We know that food is really expensive in Finland and the manner in which you are accustomed to do your groceries make a big deal. A great tip is to also plan in advance what are you going to buy and don’t make any impulse buys. Cheap brands are often as good as the expensive ones and really good and healthy ingredients are surprisingly cheap. You should also make large amount of food at once so you don’t have to go to grocery stores so often. Little things matters, as they say.
Many students also have part time jobs besides school and that is a reasonable thing to do. It is great that you can earn a little money and that brings stability to your economic situation. After all, it is good to remember that student years are just a little period of time and you have time to earn money later when you are graduated and in the business life. So, try not to stress too much about money and enjoy life to the fullest.
Taloussuomi. Opintolaina- säädökset selkokielellä.
Bankrate. How to save money: 8 ways to save money on a budget
Kilroy. Säästövinkit opiskelijalle.