money saving tips for students (2)

What is the best way to save money as a student?

With numerous expenditures for things like textbooks, student loans, tuition fees and other fees, college students in Belfast may find it problematic to save money. However, there are lots of ways in which you can reduce your expenses and save a significant amount of money without making any changes to your lifestyle.

As a college student, knowing how to save money while in college is a smart thing. Though the thought of taking on a large debt deters many aspiring students from pursuing higher education, there are a few things you can do to improve your financial status and reduce the amount of debt you accrue while studying. 

Here are our top recommendations for reducing expenses while in college, including making a budget, renting shared Student Accommodation Belfast, launching a side gig, and coming up with creative ways to pay your bills.

Create a Budget

To have a budget can be difficult, especially if you’re just starting out on your own and have limited finance. However, it’s an important aspect of life that is never going to be appreciated more than during the first few years of college. Prioritise your list of priorities before putting that money away. Here are five simple steps for creating and adhering to a budget: 

  • Determine how much money you will be receiving.
  • Monitor the amount of money you spend every month.
  • Establish short- and long-term financial objectives.
  • Examine what needs to go out and what is coming in.
  • Make appropriate spending adjustments. 

Prepare your own food

Don’t eat out. Eating out is more expensive than cooking at home, whether it is at fancy restaurants or quick food businesses.

Save dining out for important events like anniversaries and birthdays.

In an emergency, fast food can be an affordable choice. In addition to salads and wraps, many fast-food restaurants now sell reduced-calorie versions of their most well-known dishes, such as little hamburgers.

Take advantage of your student discount

Among the best things about being a student? ID of your student. This card can save you a lot of money on computer products from Apple, Adobe, and Microsoft in addition to giving you discounts at a large number of retail establishments, eateries, and cultural institutions. Make good use of your discounts to save a significant amount of money.

Buy used textbooks 

Purchasing used textbooks rather than brand-new ones is a fantastic strategy to stretch your college budget even further. You may save a substantial amount of money by doing this. A brand-new physics book, like Paul Hewitt’s “Conceptual Physics,” might set you back more than $259, for instance. However, you might be able to find a copy for $8.59 on a used book website. It can be rather worn out and be an earlier or different edition. But there’s no reason you shouldn’t try to get the best deal on your textbooks, provided your instructor is cool with it.

Another option you might want to consider is renting your textbook from a publishing house. The identical book is available for $9.99 a month to rent here. Although this is a more expensive choice, if money is tight, it will still get you by for less than the cost of a new copy. Additionally, remember to return your used textbooks to the website that sells used books.

Opt for shared living space

One of the best ways to save money for students is to opt to live in a shared house or flat rather than a solo Student Accommodation. Paying your rent in installments instead of all at once will save you a hefty amount of money every month. You will also be able to split the cost of any shared furniture and utilities to save even more money each month.

Avoid impulsive purchases

Rather, make monthly savings targets for enjoyable self-purchases. Or, you can add things to your cart to purchase it at a later time. This will surely help you to realise and decide whether you really need to buy that item.

Take up one or more part-time jobs

Another way to save money being a student is to increase your income. This you can do by taking up one or more part-time jobs. You should be able to carve out 15 to 20 hours a week to augment your income, even though you’ll probably spend a lot of time buried in a textbook.

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