Many parents with kids in college cover their dormitory fees, living, and tuition costs. But at this age, students want more freedom, and for many of them, it consists of a considerable amount of money which neither parents nor part-time workers can provide. With that in mind, here are the ten best ways university students can save money and redistribute funds so that they’ll have more money each month.
Sell Your Old Textbooks
You definitely aren’t going to use the textbooks in your next course. If you have bought them, sell them to those who will be studying next year. There is also a more effective way to save money — consider renting books in your next year. This can save you a great deal of money.
Don’t Make Compulsive Purchases
It’s wrong to think that the last iPhone, cool headphones, brand jeans will help you regain respect among classmates and friends. Remember the proverb that clothes do not make the man. And don’t go to the store feeling hungry. This rule will help you save a lot of money in your adult life. When you go shopping on a full stomach, you spend less money on food, buying what you need.
Pay Your Bills on Time
It will help you avoid penalties for late payment, which entails additional costs. Learn to save energy and water. Use them only when you needed them. This way, your utility bills will be smaller.
Ask for Student Discounts
Before you buy a planned item, look for it in places where it can be sold at a discount. For example, if you want to order a paper form the academic writing service, ask them, “Could I pay someone to do my assignment for me cheap? Do you have any current discounts?”
Learn to Cook
This will help to save a lot of money you would spend going to cafes and restaurants. Besides, this skill will be practical in your future life. Make coffee at home. It will be cheaper than a take-out coffee or a cafe.
Avoid Getting a Pet
A lot of things will change in your life after you graduate. You might move to another city. Will your pet be able to keep you company? In addition, not all landlords allow you to rent an apartment with animals. Will you be able to cover the cost of the furniture that has been damaged by your pet? Would you be willing to spend extra money on your pet’s feeding and health?
Sell Your Junk
Don’t throw away things you don’t need anymore. These things may come in handy for somebody, and it’s the way you can make extra money.
Pay Off Your Credit Cards
The longer you postpone paying your credit card debt over time, the more it costs you. The interest rates on consumer loans are high. Try to repay your monthly payment in the highest possible amounts. And try to avoid taking out loans in the future. Student-age loans are a huge trap.
Stick to a Monthly Budget
Keep a monthly record of your income and expenses. Plan your expenses carefully and don’t go beyond your budget.
Get Healthy Habits
Give up smoking. Today, it’s not only expensive, but it’s also not relevant. Walk more. Wasting money on a taxi, gasoline, or car rental is not justified compared to walking in the open air. You also can save on a season ticket to the fitness club. Drink more water instead of things like lemonades and cocktails; water is free after all — and good for your health.
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