When in college, money is something that doesn’t come easy. Students do not work; they have to rely on their limited financial sources. These financial sources are either their parents’ money, scholarship program or a heavy student loan which is why they cannot really afford to go mental with their expenses because each and every penny is important and if they go outside their schedule their education continuation can get affected.
Hence, the reason why students always struggle to pay out their money is they have to complete so many financial commitments without having the proper cash flow. Shortage of money or lack of cash flow is also one of the biggest reasons why students choose to distribute their attention and decide to work so they can earn some money and have a better result in cash flow. They also look for advice and ways through which they can manage their savings and budget effectively in order to smoothly function their expenses. Today, our academic blog is going to talk about four great tips that can really help students have good savings while they are in college.
Buying Second Hand Textbooks and Materials
Students often end up spending a significant amount of their monthly budget on buying resources and materials for their classes. A smart student would use the power of social media and their university or college center to buy books and material already used by students who have passed out and they do not need it. These students are willing to get anything from those old books and so this way you can buy from them the same thing slightly used at a really good price. It is no surprise that students who do that save more than 50% of their money they would usually end up spending.
Use Car Pool Like Services or Discount Cards
If you are travelling from a far-away to your college and your transportation cost is high, then using car-pool can greatly benefit you. If you use public transport then using discount and student cards for sub-ways, trains and busses can be another great way of saving a considerable amount of money from your monthly expenses.
Cook Yourself and Launder Yourself
If the meal plan or takeaways are eating up a lot of your money, then cooking yourself is the best solution. This might sound like a tiring exercise, but remember it is only for you and not many people that you have to cook, so this is not really a tough call. If you cook yourself, not only you get healthy home food, but also save a lot of your money. Similarly, you can also on weekends plan your own laundry rather than wasting money on giving to other laundry services.
Find a Job
A job does not have to be a full time job, but something like a freelance work or home based part time service, which can provide you with some handsome pocket money. This way students can make a great deal of money for themselves and also keep themselves occupied from spending on leisure they do not really need.
Author Bio: Katherine is the author of this guest post. Katherine works as a student consultant and a counselor at an best custom paper writing She likes to post his views on the website ChiefPapers.com.