Solutions for your Business and Finance

Solutions for your Business and Finance

May, 2017

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How to Squeeze the Most out of a Student Budget

If there is one thing that every high school student knows, it’s that college life is going to be full of fun experiences, lots of new friends, and a tight budget. And when a student says that they are on a tight budget, they mean it!

If you are about to head off to further education or you are currently in college and struggling to make ends meet, this article has four great ways to help you out.

Work!

Of course! Why didn’t every other student think of that? Oh, wait…they did! Don’t let this be a past tense sentiment. Before you even start packing for college, visit the campus and apply for any and all positions that are available. While any job is going to be a benefit, working on campus comes with campus ID which opens up a whole new world of on-campus discounts.

Don’t Visit a Bookstore

Before you get too excited, there isn’t a new way to get textbooks for free. However, that doesn’t mean that you need to pay full price for them.

The Groupon Coupons page for AbeBooks can help with discounts on current textbooks for many, if not all, of the subjects you are studying. If you still can’t find what you’re looking for, take to social media and search for local student group trading pages. Simply making a post with a list of the books you need can result in a large number of responses from past students who are willing to part with their old textbooks for a fraction of the cost you were expecting to pay.

Eat Cheap!

Easier said than done, right? Wrong!

  • Don’t eat take out; it’s just wasted student money
  • Make a meal plan for each month and find long-life ingredients which you can use throughout the entire month.
  • Talk to your friends and roommates about sharing bulks discounts. Often times bulk food items are on sale but expire before you could eat it all.
  • Keep your eyes open for student discounts – they’re available in more places than you might think. If you can’t see a sign, don’t hesitate to ask.
  • Speak with local restaurants about organizing student nights where they can offer a separate menu of cheaper items if you can arrange large groups to attend

Stick Together

Keeping with the idea mentioned above, your classmates and you also share another common need, stationery items. Similar to food, look for bulk sales which are often available from commercial office suppliers. While this could mean ordering 100 pens, if you are splitting the cost between 10 or 20 people, you could end up saving a good chunk of money after you fill your supply case.

If anybody told you that managing your money while you study is an easy task, then they obviously know something that the rest of the world doesn’t. However, just because it isn’t easy doesn’t mean that it isn’t achievable, you just need a little creative thinking such as the tips in this article.

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