7 Ways to Save Money as a Student

👋Hey Friends,

Welcome to “Not So Secret”, a didactic blog, where two dudes Naveen and Hari from Tamil Nadu, shares about books, productivity and lifestyle.

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Learning how to save money as a student is one of the most important lessons to master as a young person. The ability to manage finances under different circumstances can be invaluable and prepares us to face the world on our own.

While this time of life can be exciting and offer new freedoms, it also comes with responsibilities. To help your budget thrive, we've gathered seven money-saving tips that any student can use!

1) Create a Perfect Budget

The first step in any money-saving endeavor is to create a budget. Putting everything on paper will help you understand where your money is going and identify areas where you can cut back. Though budgeting may not be the most exciting activity, it can be kept simple. Use a budgeting app, create a spreadsheet, or just write it down in a notebook.

2) Cut Back the Unnecessary Costs

The next important step is to distinguish between necessary and convenient expenses. Firstly, avoid impulse buying and don't give in when walking by stores. Instead, wait for sales. Secondly, consider walking or using public transportation instead of driving your car. This is not only better for the planet, but it can also save you money.

Eating out is a significant expense for most students. However, it's also one of the easiest habits to cut back on. Instead of eating out, why not cook at home? You can use affordable groceries and pack your lunch for school. Soon enough, you'll notice how much of a difference it makes.

3) Use Student Discounts

Numerous businesses offers special discounts for students , so take advantage of them whenever possible. You can save money on school supplies, technology, Amazon Prime and YouTube subscriptions, tickets, and many other items. Even if a business doesn't advertise any special offers for students, it's still worth asking about them. Just make sure to keep your student ID handy!

5) Shop Around for Secondhand Textbooks

Textbooks are often very expensive. However, you don't have to pay the full price for them. Consider purchasing used or digital textbooks, or renting them from your local library.

Additionally, before you decide to buy a particular textbook, make sure to check if you really need it. Notes from older students or online sources may be sufficient. Don't forget to search online for free textbooks before you reach for your wallet. 

6) Get a Roommate or Two

Rent and utilities are likely to have the largest impact on your budget. Finding roommates is therefore one of the best ways for students to save money. Not only will you be able to save a significant amount of cash, but you'll also get to meet new people. Who knows? Some of them might become lifelong friends! Having a good roommate will make everything easier, from studying to dealing with the bills. 

7) Find a Part-Time Job near your Location

Consider getting a part-time job if you have enough free time. It can help you cover your expenses and much more, such as paying tuition, learning new skills, or getting your professional career off the ground.

There are various flexible college-student jobs that pay decently. If those aren't available, you can try tutoring or online freelancing. However, keep in mind that your studies should still be a top priority.

8) Extra Cash

Having a bit of extra cash can make a huge difference, and students know this better than anyone. However, using these ways to save money as a student can help you make the most of your budget. Remember, a little bit goes a long way, so be patient and focus on your goals. With some effort, you can make a huge difference and be on your way to a bright financial future!

We are so grateful for the reading, Yep, it’s a short post, but with an amazing tip which is a game-changer.  Stay Productive

See y’all in the next post, 

Have a nice time

Hari & Naveen 🙂