Student years are one of the most fun and happy periods of life but also financially unstable. Students want to travel, dress stylishly, engage in self-development, and attend exhibitions and concerts with discounts and lower costs. We have prepared 10 tips on how to save wisely and make your dreams come true.
How to Save Money If You Are a Student?
So, is it possible to save money at all when you study at high school? Yes, it is! We will give you some tips:
1. Analyze your expenses
It is impossible to save money if you don’t know how much you are earning and how much you are spending. Keep an expense diary. It can be a separate notebook or you can make it much easier and enter everything in notes on your phone. Some modern applications count your finances. You can immediately see how much money is spent per month.
2. Ask for students help
Many websites imply the online provision of services, i.e. without having to visit the office. You set a task for them through the website or by phone, they advise you and help you do some work. You can order help with different papers, for example, buy an essay cheap. Payment is made electronically, i.e. remotely. The absence of intermediaries makes cooperation beneficial for both students and helpers.
3. Cook food, don’t eat in restaurants
The first thing to pay attention to in order to save money for a student is food. Many students are too lazy to cook and they eat in cafes or restaurants, which is very expensive. If you start saving, then you have to cook yourself. Finding 30-40 minutes to prepare tasty and healthy food is unlikely to be a big problem.
And you need to choose your products wisely. The best way to shop right is to make a list of the products. Buy cereals and vegetables. They are useful and cheap.
4. Pay attention to different discounts, promotions, and sales
But you need to be very careful not to get on expired goods and, thereby, not harm your health. As for clothes, you can dress in high-quality and stylish clothes but buy them in sales.
With the right approach, you can purchase quality items at off-season sales. For example, buy a winter coat in March with the maximum discount. Also, don’t be skeptical about group purchases. For example, you can purchase the entire size range of shoes together with your friends and pay for them at the wholesale price.
5. Don’t spend a lot of money on entertainment and unnecessary items
Student life is unthinkable without rest — nightclubs, cafes, cinemas, and other entertainment. If you save money every week, you will hardly be able to go somewhere. But you can arrange a “holiday” for yourself once every 2-3 weeks. There are many cheap different types of entertainment where you can have fun and not spend a lot of money.
But, before you spend money on any item, make sure that you really need it. For example, get a guitar from a friend and try playing it regularly for a month. If you realize that you want to continue this activity, then buy this musical instrument. Or get yourself a daily morning run for two weeks. And if this is difficult for you, then don’t spend money on the gym.
6. Learn to properly allocate your finances
Since there are 4 weeks in a month, divide your money equally for each week and try to keep within the amount received. But never carry your entire monthly amount with you. You won’t even notice how all the big bills turn into small ones, and the small ones turn into coins. And there is no money left by the end of the month.
7. Compare the prices of goods and services
Before making an expensive purchase, check the cost of goods in other stores. It is not necessary to waste a lot of time and go around all the shops in the city. You can just look at prices in online stores online. This doesn’t take much time and will help you find the same items much cheaper. The same rule applies to services. There is no need to completely abandon the service of couriers, builders, technicians, and beauty workers. Just look for offers from specialists who will do everything much cheaper.
8. Buy online
If you think that online shopping is not for you, then it’s time to master it. In fact, in online stores, prices are generally several times lower than in stores in malls or markets. Online stores also offer pleasant discounts of up to 80%, and popular brands sell leftover collections at very low prices.
9. Learn to save money
A great way to spend less money is to immediately save 10-20% of each income. Leaving yourself 80% of your salary for monthly expenses, you will spend more economically. In addition, you will accumulate an amount for a really valuable purchase. If you are not sure that you can restrain yourself and not spend money, it is better to open a special deposit account in the bank. This will allow you to receive additional interest, multiplying the savings.
10. Save on transport
If you drive your car, calculate how much it costs to operate it. If you are planning to purchase a car, then choose from small, old cars, or electric vehicles. A bicycle will also be a good purchase. This is an excellent vehicle that will not only take you to high school for free but also strengthen your health.
Still, all enthusiasm can quickly end if you start limiting yourself in all the pleasant little things to spend less money. Save wisely, avoid unnecessary and impulsive spending. But when planning to make a large purchase, consider its expediency and thoroughly approach the choice of the optimal model. But it is better not to deny yourself the long-awaited new thing. Otherwise, a stable negative attitude towards saving will develop.
