save money as a student

Tips on how to save money as a student

Student years are the best time for many of us. A new place, new friends, freedom, but also a lot of new expenses and organizing budgets. The sooner you start keeping track of your finances, the more money and stress you can save yourself. It’s good to save money, even a little, whatever your goal. Of course saving money is not easy for many people. But in this article, we will give you some helpful tips on how you can save money in your student years.

tips for a student to save money

How to save money on food as a student

You may not realize it yet, but a big amount of money in the student budget is spent on food. Here’s what you can do to reduce this expense.

  • Make a shopping list of the things you need most. For example, you can set up a weekly menu plan.
  • Research the promotions at different stores and choose the bigger supermarkets where it is easier for students to save money.
  • Get a membership card. Most big chain stores offer lots of discounts for their loyal customers. This way you will always know what the latest deals are. And an even more convenient option for student finances are digital cards that you can store on your phones.
  • Lastly, remember the golden rule, don’t go shopping on an empty stomach.

student struggles to save money

Clean out your closet and your home

Over time, we all get cluttered with clothes we either never wore or put on once 3 years ago. Unfortunately, they only take up space in your wardrobe and then in the not-so-large room in the student residence. If you have clothes and household items that you don’t need, you can sell them on various websites. Some stores even offer discount vouchers when you recycle your clothes with them. Also, a good trick to save money for future is to choose second hand clothes and items. Very often you can find great pieces, sometimes even new with a price tag. And the most important thing is that in this way you preserve the environment.
The same tip applies of course to your textbooks and other student supplies. You can find many students in groups on social media offering their old books at affordable prices. And this is another great way to save money.

struggles to save money as a student

Save money from unnecessary fees and live better

You may already have heard about some of these fees. For example, let’s take the ones charged upon withdrawing money from an ATM. A good tip for a student in money saving is to avoid withdrawing small amounts from ATMs because they are always subject to a fee. Choose the better alternative and pay in cash or contactless. Also, if you do need to withdraw money, try to do so from your bank’s ATMs only.
Another good idea for how student can save money is to cut off your unnecessary subscriptions. If you need to be on a budget right now and are willing to forgo some memberships, you might try it even for a small period of time. Maybe try stopping your subscription to music or movies and TV and take advantage of the free services available on the internet. Yes, they often force you to watch ads, but at least your bank account won’t suffer from it.

So there you go, we’ve given you a few little tips on how to save money as a student. We’re sure you’ll be able to reach your goals and get a handle on your finances. We promise it’s worth it.