Money Saving Tips For Students

Student’s life is the most amazing phase in one’s lifetime. Obviously, ‘I hate studies’ attitude is not uncommon but majority are quite busy with preparing lessons, planning for future, participating in game or quiz shows and obviously socializing with friends on weekends.

So where is the time to manage finances and plan for money saving? Won’t it be an extra burden on them? May be, but they will soon get used to it. And by planning how to save at an early stage, they will certainly learn the fundamentals of finance management which will benefit them in future. In this article, we have just outlined four major money saving tips for the students. These are easy to follow and do not require the students to make difficult adjustment in their lifestyle.

Set up a Student Bank Account: These accounts are most ordinary type and require less charge. However, the interest aspect will not be as lucrative as it is in regular policies. But as you have to incur fewer expenses on service charges and other fees, student’s bank account is a good idea for decent money saving.

Save on Transport: This is a ‘GO GREEN’ means of money saving. If you own a car and drive it regularly to reach college, just have a look at your monthly fuel bills. In coming days, the amount will be a bigger size as the fuel charge is likely to shoot through the roof. Use public transport to save money on transport cost. Car pooling is also a good idea if you get some college friends with same class schedule.

Avoid Junk Food: Students get addictive to junk food. Most of them keep up at night for studies and easily get into a habit of gorging on junk food. Not only they gain weight but spend a lot for such an unhealthy habit. Those who stay on campus have easier access to junk food. Have home-made food in front of you. It will be healthy as well as cost-saver for you.

Live with Your Family: There is no denying that campus life is full of fun and frolicking. But life-at-home is not dull either. Think about how much you can save by staying at home. Those home-made healthy and yummy dishes! Also, you can avoid hostel charge that won’t be an easy sum on pocket. However, if your college is far away from home, it is wise to put up in hostel to save transportation cost.

Some of these money-saving tips retain their importance even for the service men or self-employed professionals. So, it means that you can continue saving a lot by following those tips. Saving is the next big thing to earning a paycheque. Till date, you depend on your family for money, why not earn it yourself? There are several part-time and online jobs that can earn you a goodly sum. And then, you will be able to bear a part of scholastic expenses on your own and the rest will make a way to your saving account.