When you’re a student, money can be tight. Between tuition fees, textbooks, accommodation costs and living expenses, it can feel like you’re constantly spending cash with no end in sight. However, there are ways to cut costs and increase your bank balance. With these student saving hacks, you can save money without compromising on your education or overall lifestyle.
1. Use your student status to your advantage.
Many retailers offer exclusive discounts to students. From clothing stores to restaurants, plenty of businesses set aside special deals for those enrolled in higher education. Keep an eye out for student deals both online and in stores, and always have your student ID on hand.
2. Cook at home instead of dining out.
Eating out can add up quickly, so try to cook meals at home instead. Meal prep can save you both time and money, and eating leftovers for lunch can help you avoid purchasing overpriced meals on campus. You could also try hosting potluck dinners with your friends, splitting the cost of ingredients and enjoying each other’s company.
3. Use public transportation or carpool.
Transportation can be pricey, so consider taking advantage of public transit options like buses or trains instead of driving. If you do need to drive, try carpooling with classmates, coworkers, or friends living in the same area. Splitting gas and parking costs can add up to significant savings over time.
4. Share textbooks or buy used.
Textbooks can be shockingly expensive, but there are ways to reduce the cost. Try renting textbooks or purchasing used copies online. Alternatively, you could split the cost of textbooks with classmates and share the book throughout the semester.
5. Find free events and entertainment.
Taking a break from studying is important, but entertainment can quickly drain your bank account. Instead of spending money on movie tickets or concert passes, look for free events around your campus or in your local community. From volunteer opportunities to art shows, there are plenty of ways to have fun without spending a dime.
By implementing these student saving hacks, you can cut costs and build your bank balance without sacrificing your education or social life. With a little bit of planning and effort, you can have a successful academic career without breaking the bank.