One of the most important things that college students should learn is how to save money effectively. It may seem impossible to save while in college but it’s a wise financial move that will pay off in the long run.
Saving money never gets out of style so whether you have to, need to, or want to save money, start with these tips if you plan to do something that will require money.
Checking out free activities in your campus can save you a lot of money all while having the benefits of experiencing new things. This is usually hosted by student organizations within your campus. This could be a way for you to socialize while not having to spend anything in the process. Take the chance of participating in their events if it’s for free, especially when there’s food.
In switching from classes to classes, walking from room to room, spending hours listening to a lecture, participating in extracurricular activities for your organization, you will eventually feel thirsty. Buying bottled water might not seem much, but add them up to your expenses in the week, and see how much it took away from your monthly budget. It’s much better to use a tumblr to quench your thirst.
Most campuses actually have refilling stations within the institution to give students free water. Just use your tumblr and *poof* you’ve saved a ton while staying hydrated.
An amazing and surprising fact about student discounts in the U.S. is that it has no fixed percentages. You can avail a 15 percent discount from one store then 20 percent from another. Most countries have a fixed rate of discounts, for example in the Philippines, it’s a solid 20 percent and that’s just for public transportation.
You can also look up online or got to different clothing, grocery, and school supplies stores to check out student discounts. Be meticulous in buying some necessities while taking advantage of these discounts, you’re not going to be a student forever. Remember, you don’t need to shop often, just shop smart.
More often than not, college textbooks aren’t that much of a necessity in the classroom anymore. You can access readings online, or borrow some from the campus library. You won’t finish an entire book for 5 months, not unless it’s a short one. There are some alternatives in which you can save money in books rather than have a huge chunk of your budget cut down because of it.
You can buy or even rent textbooks that you would need from upperclassmen or students who have used them in their previous semesters. How to gain it back? You can also sell last semester’s textbooks to those who will be taking the same classes. Check out websites, social media announcements, or bulletin boards in your campus to know the used textbook scheme they have to offer to you.
A car isn’t all that thrifty and worth it if you consider the maintenance, parking, and gas fees that you have to pay. Why use a car in going to your classes if you can walk instead? After all, it’s not like you have to use your car everyday to get to the same place. You can also consider using public transportation, if you’re not up to walking everyday.
In comparison to driving your car to public transportation, you’d save a lot more money in the latter. However, it depends on the budget you have allotted for transportation. If public transport is inaccessible, and walking is almost merely impossible, when in doubt, have a friend split the bill for your gas and maintenance fees.
Saving money in general is not only to avoid debt but to safeguard your welfare in emergency situations or if you feel like it, have extra cash to celebrate for an occasion or spend on activities. After all, college is the time where you can embrace independence, and in line with that is to manage not only physical, emotional responsibilities but including financial ones as well.