Saving money may be a challenging task, if you are a college student. Between working fewer hours at work, and spending extra money on food and transportation, college costs seem to add up quickly. Even in college, you can save money; surprisingly, there are ways you can streamline your spending. Anthem Education wants to offer you tips on how to keep your spending in check, and in the process save a little money.
Curb Impulse Buying
With a credit card in your hand, you may have developed the habit of buying impulsively. If you have more than two credit cards leave them at home, only carry your bankcard. The problem with impulse buying is that you end up blowing money on stuff that you just like but don’t need. Next time you see a nice pair of shoes or a cool outfit, simply walk away. If you don’t need it then you shouldn’t buy it. Curbing your impulse buying behavior is the first step you must take if you’re serious about saving money.
Give up on Bad Habits
You’ll be surprised to see how much you can save by giving up on bad habits like drinking and smoking. You may be spending a fortune on such vices and damaging your health. By cutting out bad habits you’ll be able to save good money and enjoy a healthy life. Just say no, and start saving money!
Rent an Apartment with a Friend
Rent is a big expense, and saving money may seem difficult if you live alone. You can cut your rent in half, by moving in with a friend or roommate. By doing this, the rent and utility bills can be split between the two of you.
Shop at Places Where you Get Student Discounts
There are plenty of restaurants and businesses that offer student discounts; take advantage of them. Every time you go out to a new place, ask if they offer student discounts. For a list of places that offer student discounts, click here
If you own a car, have you considered carpooling with other students that live near you? Gas is very expensive nowadays, and sharing this expense with a few classmates will help you save a little money.
Open a Savings Account
Open a saving accounts that earns you interest. You can keep some money in the account and grow it into a bigger amount by earning interest on it gradually.
Remember the first step is always the hardest when you decide you want to save a little extra cash. Create a budget, track down your spending, and eliminate what you don’t need. Learn more.
“Never spend your money before you have it.~ Thomas Jefferson”