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12 Money-Saving Tricks For Students

Date: Friday, April 24, 2020 11:49 AM EDT

By Adrian Lomezzo

You need to save money to survive in college. If your first academic year was challenging because you spent money on things you didn't need or you would love to get a linguistics help online as a student who wanted to pass exams for studying in the international university, then you need to develop a strategy on how to minimize your spending during your remaining time in college.

You avoid expenses on what you cannot afford, and also avoid friends who spend lavishly. Their expensive lifestyle may tempt you. So It's easier to save when you associate with friends who live frugally because they understand the value of saving and spending prudently.

Learning how to save money is a habit that helps you to survive on rainy days. You should also learn how to draw up a budget so you can keep proper records of what your money is spent on. Furthermore, do not be shy about getting a student discount with your school ID.

Image source: Pexels

1. Prioritize your needs

One of the ways to save money as a student is to draw up your priority list. And make sure your basic needs are at the top of the list. This way, you learn to spend money first on what is more important.

For example, you can't survive a semester without buying food. But you easily do away without attending music concerts or buying a gold plated wristwatch. To cut a long story short, take care of your basic needs before you indulge in luxuries. 

2. Hire Essay Writing Services that are affordable 

If you want to hire a writing service for your essay assignment, don't hesitate to go for an affordable one. There are so many writing companies out there that render going services at reasonable prices. However, you must not sacrifice quality services on the altar of seeking cheaper alternatives. And, also avoid companies whose services are too good to be true. They're probably a scam.

3. Leave your Car at Home

Going to college with your car does more harm than good to your finance. Besides the money spent on fuel, you would have to pay quite a lot to repair and maintain your vehicle. Nowadays, most universities provide a reliable and sufficient public transport system. As a student, it's better to make use of the public transport system to save money.

4. Buy second-hand Textbooks

A brand new textbook or a second-hand one offers the same information to the readers. Why purchase an expensive textbook when a second textbook would satisfy the same need as sufficiently as the new one. Therefore buying secondhand textbooks at a lower price will reduce your expenses.

5. Make use of your School ID 

Carrying and making use of your school ID allows having discounts in terms of specific services like transportation. This will help you save some cash during the semester. 

6. Avoid eating junk 

Eating junk food at fast food joints regularly can be expensive and even unhealthy. As a student, one of the best ways to save money, is to buy groceries and prepare your meal yourself. It's not only cheaper but also healthier. 

7. Avoid shopping on impulse

The best way to burn a hole through your wallet is to go shopping with a budget. Each time you want to go shopping, always take time to draw up a budget, so you can buy what you need. This way, you avoid spending your money on things you don't need. 

8. Utilize your school facilities

Another way to save costs is to make use of certain free services offered by your institution. These services include; free health care service, free transport service, free internet service, etc. 

9. Share expenses with other students 

As a student, you must learn to share expenses. For instance, you can look for someone to share the cost of renting a room. 

10. Choose a mobile package wisely

Since you need your phone to communicate, choose a cheap package. This will save you a few bucks. 

11. Apply for scholarships

When you are granted a full scholarship, your tuition fees will be taken care of. This can help you save a reasonable sum of money. 

12. Avoid loans services 

Taking loans is the fastest way to incur debt. Most times, the interest you pay far outweighs the convenience you think you earn by borrowing. 

Conclusion

Lastly, employing these tips above will help you to save money as a student. Besides making you more financially prudent, it will improve your general lifestyle as a person.
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About the author
Adrian  Lomezzo Adrian Lomezzo is an experienced freelance writer. At first, he has been developing in a field related to content marketing. After a while, he had a passion to share his knowledge and experience with others. He has been helping students as a teacher to try their best to get any information in this field and use it in the future. As a lover of traveling he could not stay in one place and became a writer to share necessary and useful information from the various corners of the world.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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Flat Broke 5 years ago Member's comment

Thanks @[Adrian Lomezzo](user:130729), some good basic tips here.