Money-Saving Tips for Students

Students coming into college are usually living on their own for the very first time. Due to new friends, lifestyle, and environment, people will have a change in spending habits. Without realizing it, students will notice their low balance in their bank accounts. To alleviate stress on student’s budgets, there are a few ways for students to cut back on spending and save.

With new friends, people tend to change their eating habits to accommodate social events. Eating out at restaurants occurs more often and the amount spent becomes larger as time passes. To prevent overspending, people should limit how often they go out to eat. Giving suggestions to eat at cheaper places would also create chances for individuals to save money.

Attending university changes how people lead their lives. Students may want to buy a better wardrobe, invest in different items, and participate in stress shopping. Due to needing to attend different events, students may be required to purchase specific attire. Modest and flexible clothing should be purchased allow versatility in occasions, allowing maximum usage. Items for education, such as textbooks, are a common source of expenditure for students. To spend less on textbooks, it is recommended to wait until the first day of class to find out what textbooks are actually needed. Finding a PDF version or buying a used copy of the textbook are good ways to reduce spending.

Classes also contribute to levels of stress, causing more stress shopping. When taking study breaks, students may browse the internet to shop for items. In their modes of stress, individuals will purchase items online to feel productive in their lives. To prevent spending online, people should think twice about purchases.

To save money, students should look towards sales for items or coupon clipping. Although people may only be saving a few dollars, the amount grows overtime. To raise their funds, working an on campus or off campus job can offset leisure spending. Overall, students can be more diligent about their spending by noticing deals and saving small increments at a time.

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Leslie Chan

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