Easy Money-Saving Tips for Students
Life is hard when you are a student. I know this from experience and I can well remember how hard things were money-wise when I studied in Amsterdam. I had to rent a room, pay for all my food and stuff, study, and work part-time. What I wanted was to live well and do that cheaply. So, I had to compromise some things, so that I could stretch my money to get me more. Here are some money-saving tips that helped me back then. I hope they will help you start the new term in the savvy way.
1. Save on Food
Apart from the room I had to rent (the university I went to didn’t provide any student accommodation), food was my most noticeable monthly expense. Even though I didn’t really eat out, the monthly bill was a bit too high after my first month of living alone. So, I decided to figure out how I could save. It turned out to be easier than I thought. For a start, I found a cheaper supermarket that had affordable own brand products. I started buying lots of supermarket brand products. I always checked the ingredients, though, because I didn’t want to buy crap just because it was cheap.
I then revised my diet. I ditched all the microwave foods, pizzas, dips and all that stuff. And I started buying more fruit and veg. Take zucchini for example – the are tasty, there are so many ways of cooking zucchini, and they are very affordable. Some pasta, zucchini and tomatoes and you have a really tasty Italian dish! Another thing I did was ditch sausages and cut down on red meat. Plus I learned to love stir-fry style cooking because it was healthy, cheap and quick. You can probably guess that I started eating a very healthy diet, which made me feel great and helped me get fit.
2. Save on Transport
This depends on where your university is located, but you can save a lot of money by not using public transport. If you can, invest in a bicycle and a good raincoat. If you don’t feel like cycling, walk to uni. There was a time when it took me 30 minutes to walk to uni and I loved it. As a student, you probably spend a lot of time sitting, so an hour’s walk every day will only do you good. Remember that it’s a lot cheaper to walk everywhere you can and get some exercise this way than pay for a gym membership.
3. Forget Your Have a Bank Card
When you go out or go shopping with your friends, it’s best to forget that you have a debit or a credit card. Figure out how much cash you may need, withdraw it and then leave your card at home. This will guarantee that you don’t start spending recklessly after a couple of drinks or buying things just because you fancy them at that particular moment.
4. Keep a List of Your Spending
Tracking down each and every of your purchases may seem very dull. But trust me, it’s very refreshing when you check your records at the end of the month. My records helped me pin-point where I was overspending, so I did a better job budgeting the following month.
5. Use Your Student Card
Your student card is a very powerful money-saving tool because it can help you get discounts. Lots of discounts. Countless shops provide discounts for students, not to mention bars and cafes. So my advice is to always have your student card on you, just in case there’s a discount waiting for you.
6. Save on Insurance
There are a lot of insurance companies that offer great discounts for students. So make sure you shop around before you purchase a policy.
I hope these money-saving tips for students will help you save money and having a better lifestyle.