If you’re a student looking for some saving tips and hacks, then this guide has got you covered.
Life as a student can be challenging – especially when it comes to money. Each year, most students have to be responsible and spend carefully. If not, they end up using overdrafts which can lead to all kinds of financial problems.
So, if you’re currently a student who needs some help with this, the money tips and hacks below will help to make your life much easier. Finally, you’ll be able to focus on what matters the most: studying hard and having a fun time with your friends and roommates!
1. Use Discount Codes
Discount codes are a student’s best friend. Nowadays, there are millions of coupon codes and special deals spread throughout the internet. All you have to do is copy and paste them when you’re at the checkout – it’s that simple.
For example, you can use a Koi Footwear discount code to save money on a nice pair of vegan-friendly shoes. Everyone knows that shoes can be expensive, so purchasing hacks like this is a real life-saver for students.
Also, many big brands and retailers offer exclusive student discounts both in-store and on their websites. If you aren’t sure, ask one of the employees to see if there are any active student discount offers that you can use.
2. Work Part-Time
No matter which type of degree you’re studying – be it the arts or the sciences – you’re going to need to dedicate countless hours to studying.
However, during evenings and weekends, you might find that you have some spare time that you can use for work. This is a handy little way to make some cash on the side and lift any financial burdens from your shoulders.
Typically, students will work as:
- Student ambassadors
- Checkout operators (at stores or supermarkets, for example)
- Private tutors
There are lots of work opportunities out there for students who need the extra income, so make sure to use platforms like Indeed and LinkedIn to see what’s around.
If you can find a job that’s related to your degree, even better. This is because it’s relevant work experience and will help you in your post-graduation job hunt when you put it on your resume.
3. Download a Budgeting App
A budgeting app is a great tool to use as a student. In your day-to-day life, it will help you to budget your money more efficiently and ultimately save more.
Most budgeting apps are free to download, so there’s nothing to lose in giving one a try!
4. Cut Back on Alcohol (If You’re a Mature Student)
This tip is for students above the legal drinking age! For college students above age 21 (or whatever the legal drinking age is in your country or region), alcohol can be a huge financial drain. Of course, plenty of more senior students enjoy going out and partying – it’s often part of the university experience. However, it can be very expensive, especially if you’re a student that likes to go out every weekend.
This is why it’s recommended that you cut back on alcohol so that you can save some much-needed money (not to mention reducing alcohol consumption is healthy for the body and mind). If you go out socializing times a week, try going out twice a week or every other week instead – you get the idea. Or, even better, you can still go out but not drink alcohol and stick to water instead!
Money is tight for most students. Luckily, the tips and hacks discussed above will get you on the right track and ensure that you handle your money more efficiently.