College is great – it makes you filled with tons of emotions and opportunities. No wonder it is easy to get caught in the rush of things and get a hole in the pocket.
Use these simple and practical tips to save money as a student:
Be prepared - plan ahead
Make sure to check if you are eligible for some scholarships or grants. Do that BEFORE signing up for any form of student loan.
Build your cash flow. Make a list of your income streams. Then think about your expected monthly or weekly expenses. This is already a budget like any country has. Now make sure you don’t end up with the budget like USA did ;)
Save on food
This has nothing to do with eating junk food. On the contrary, avoid eating at fast food outlets becase this is where you ruin your budget. Planning the meals and packed lunches will help you to get healthy food at a fraction of a cost of what you are spending in the junk food places like fast foods.
Use student discounts
Use them to the maximum. Student ID’s and memberships in organizations are honored in several establishments which offer discounts. You can also patronize a certain establishment regularly and you are bound to get bonus cards for being a loyal customer.
Use cash as much as you can
Avoid using debit card and especially credit card – this is what made most of the people up to their … elbows in debts. Do you want to be like the vast majority of the people who start their day with thinking about debts and end the day with the same ideas in the head.
Keep yourself busy
This one is a win-win. First of all, because keeping busy will let your mind wander. Number two – you will stay away from things that delude your money.
Making these simple things will save you money and build up a status. The rich people are not the ones who were driving in sport cars (usually these are their kids who will later on waste the whole capitals). The rich were those who did not follow the herd behavior and kept their desires well-balanced with what they could afford. And then making what they can afford fit to their desires.
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