There are a lot of things to enjoy in your college life, some of which can quickly drain your account and leave you in debt. Your parents might be supportive and send you money anytime you ask, but most students survive with tight budgets.
There is a greater challenge when students want to save extra money to take them through an entire semester, but they have no idea how to achieve this goal. There are many ways to help you save money and even have a balance in your pocket by the end of the semester.
Buy your meals from college
Eating out is great because it gives you a new experience with friends, you meet new people and enjoy an environment away from college. You will agree with me that some of these restaurants are pretty expensive and one meal can cost huge.
Experts who teach financial literacy for students advise that one of the best ways for students to save money is to buy their meals from the college. College meals are quality, fresh and their cost is usually highly subsidized. One meal in a casual restaurant will cost you about $15 – $20 but if you eat in college, one meal will cost you about $5- $7 and this will be a big way to save.
Save on discounts
One way businesses help attract customers is by giving discounts on various items. Different items attract varying discounts and you can get discounted on clothing, shoes, electronics, food, books, and so on.
Before you out shopping, search online for stores and supermarkets offering discounts and rush there to buy what you need but not what you want. During high seasons, stores give a lot of discounts and sometimes you can save up to $50 in a single shopping.
College students who practice saving money tricks will rarely be without money for their needs. They can have extra money to pay for an essay writing service when they need someone to help with their essay.
A good way to save money is to work and a student can become a writer for Studyclerk and earn through writing. If you are looking for the most reliable essay writing service, you will find great service Studyclerk, because they offer all kinds of writing services a student might need. This website has proved itself as the best service you can pay for a college paper, writing a dissertation, term paper, etc.
Have a strict budget
Before you leave for college, your parent or guardian will likely give you all the money just enough to sustain you throughout the semester. It is upon you to use the money wisely or else you will start calling home barely one month later.
Once you receive your money, sit down and list everything you need throughout the semester. Have a budget for your electricity bills, telephone, meals, detergents, make-up, clothing, and so on. Be strict and spend within your budget. You will be surprised at the amount of money you will save by the end of the day.
Deposit your money in the bank
This one might look like it’s not a way to save money, but be sure it’s one of the best ways to save. Some students might be tempted to hide their money in their bag or always have it in their pocket but this is a dangerous way of keeping money.
The greater disadvantage is that you know very well the money is with you and the time you see something that is exciting or looks like it’s valuable, you will easily impulse buy. It’s easy to boast out when partying with friends and cover everyone’s bill, only to realize later the mess you put yourself in. To avoid overspending and impulse buying, deposit your money in the bank and only withdraw what you need.
Find time and work
Instead of walking a thin line due to a tight budget and lack of money, go out and take up manual jobs or part-time work. Do not be choosy but if you find some looking for a babysitter, take the job and you will have an extra $30 within two or three hours. Trim someone’s fence, grass, wash a car, clean other student’s clothes, and so on.
Many students find themselves worrying due to budgets that are never enough. Instead of stressing yourself out, use these money-saving tips to help you cut down your budget. You can quit some habits like smoking, alcohol, drugs, eating out, and partying for the sake of saving extra money. Another good way is to find some work to help you earn extra money to supplement your budget and have more cash in your account.
Cory Shilling is employed with a large publishing firm and holds a rich experience of working with top brands in publishing companies. Out of his love for academic writing, he takes up freelance assignments from college students to help them with essays. His free time is for pursuing his hobbies – playing with his pets, reading fiction and gardening.