Every student on the planet will tell you how poor they are and how little they have to live on. And it’s true, students in most countries are right at the bottom of the pile, regarding standard of living. Living like this isn’t too hard for most students, but it can get a lot better. Using this guide, you can learn how to save, and even earn, some money.
Most students know exactly how much they’ll have to live on, long before they ever leave home. This means there no excuse not to budget. Work out how many weeks your money is going to have to last, and then divide your overall budget by that number. This will give you a weekly amount to work with. Split this down into an amount for food, an amount for essentials and an amount for leisure.
You’ll need to take a few other things into consideration as well. You might have to buy expensive books at the start of your course. Save a pot for this, and then add anything you don’t spend back to the overall budget. You are likely to be paying rent, and maybe even bills. A lot of accommodation will inform you long beforehand, as to how much you’ll need. Save a pot for field trips and other possible activities. It’s better to have a surplus of money than to miss out on once in a lifetime experiences.
- Coupons and Deals
Use the internet to help you find coupons and deals on any purchase. You can use sites like Plus Code Promo and Hot UK Deals, for this. Find a site local to you, and keep an eye out for regular savings in your normal shopping. And use the sites to find deals on larger items that you want.
Every supermarket and large store on the planet has tons of in-store deals. Most will use different colored price tags to show you what’s on offer, but otherwise, you’ll just have to keep your eyes peeled. Adapt to the deals available, and choose your items based on the best price. There’s no point in being loyal to a brand, and having some variety can make your food more exciting.
Most students could do with a job, just to make ends meet. But even a part-time job can be hard to fit around lectures and work. Instead of normal work, you can try a service like Freelancer or Upwork. These sites let businesses hire freelance workers, and let workers find jobs. A lot of jobs require a skill, which means that you can tailor your work to your course. For example, if you’re a web design student, you can use the site to get experience and make money, at the same time.
If you go down this route, it’s best to set up a contract template to enable you to do your work with legal protection. Be careful that your contract is binding, and get it checked by a professional.
With these tips, you should be ready to make a start on your cheaper life. Student life is great, and you can have loads of fun without any money. But wouldn’t it be better if you did have money?