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9 Ways To Save Money As A Student – Tips To Manage Money In School by AdvisorOpe: 11:04am On Apr 01, 2021 |
1. Know your income streams Document all your current income streams and how much you usually get from them. 2. Create a budget and document your expenses daily A budget is your estimated revenue (from your income streams) and your future expenses over a period of time – say for one week or one month. Once you’ve created a clear budget, you also need to measure and document your expenses daily and then evaluate how well you're sticking to your budget. 3. Cook if you can or buy in bulk If these still do not work, then find cheaper alternatives for fast-foods. This doesn’t mean you should buy from places where you can get food poisoning. Just don’t buy expensive meals at “popular” outlets due to peer pressure. 4. Do not go into debt Speaking about peer pressure, do not live above your means if you want to save money as a student! Also, do not be tempted to borrow money to fund “assets” that are basically just ponzi schemes. If it is too good to be true, it probably is. 5. Look out for discounts to save money as a student Some software offer their services free for students so you should definitely enjoy it while it lasts. 6. Get a per-time job or internship These days, if you have a skill, you can easily get a per-time job or internship. Here are some skills you can hone that can easily ensure you earn more: Social Media Management Content Creation Hairdressing Make-up Artistry Virtual Assistance Software Development Design Thrifting 7. Use cash and leave your card at home when shopping Have you ever planned to spend only a certain amount of money to shop somewhere, but spent way above your budget? Having your card with you while shopping can be a bad idea, especially if you are an impulsive shopper. 8. Stay home if you can This might not be an option for people who school out of state or far from home, however, it is an option to consider if you stay close to home – especially if you are Gs with your parents. 9. Borrow textbooks or buy used ones The most important thing is to be able to read the words in the books right? Then buying new ones all the time is not necessary. Student life should not be so bad... Money can be tight but you can begin to imbibe healthy money management skills now. It’s not too early. You’ll definitely begin to see how your money can do more for you in school if you follow these tips. __ The full guide/article has stories from four students and it is so relatable! Click https://cowrywise.com/blog/save-as-a-student/ to read it. With love from Ope, your favourite advisor. |
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