Although student life is super fun and an all-around great experience, it can become pretty expensive! When you add tuitions fees with rent & living costs, it all adds up! Luckily, we have put together ten of our top penny-pinching tips to help you through your first semester, so you can keep your spending in check!
Buy or rent used textbooks & sell any of last years unwanted textbooks back!
Textbooks can be pretty expensive, and if like most courses you need more than one, it can soon add up! So, be thrifty and save yourself some money by renting, recycling & reselling!
Swap books with other students on the same or similar courses!
Don’t make impulse purchases!
If you have your eye on something, take 24 hours to think about whether you really need it or not – this is a great way to avoid impulse purchases and unnecessary spending!
Before checking out in-store or online be sure to check for any applicable discounts!
Limit the number of times you eat out
We understand that student life can be pretty fast paced and it’s easy to get caught up in a cycle of eating out & takeaways, but you’ll find if you do that regularly you could run out of cash pretty quickly! Although sometimes it’s a chore to cook at home, it can save you hundreds of dollars a month!
Search for recipes online to make dupes of your favourite meals when eating out! You might be surprised how easy they are to recreate!
Grocery shopping hacks
They say that grocery shopping when you’re hungry can cause you to pick up items that you don’t really need, so avoid overspending and eat beforehand!
Buy in bulk - it will save you cash if you buy and freeze items!
Buy frozen fruit & veg: it is just as fresh & will save you from throwing out gone of items!
Cars are expensive to run, so if you can walk, use public transport or even ride a bike, you could save yourself a significant amount every month!
Not only will it save you money, but walking is exercise! Something that many students can allow to slip down to the bottom of their priorities list!
Download ‘sweatcoin’ app to earn money or rewards just for walking outside!
Make savvy swaps
If you are paying for cable, do you really need it? In the days of streaming, you can save a lot of cash by opting for a service such as Netflix or Amazon prime!
Swap from buying name brands to home brands, you probably won’t even tell the difference between some items
Swap nights out for nights in - invite some friends over, cook, drink together or watch a movie!
Couponing can save you some serious cash on all kinds of things, from groceries to travel, there are thousands of discounts available, check out what we have on offer here.
Certain establishments also offer exclusive student discounts, so make sure you check them out!
Resell or trade unwanted items
You may be surprised how much you can make by selling on stuff you no longer want or need! After all, one man’s trash is another man’s treasure!
Some websites offer cash for unwanted clothes or electronics!
Find a good student bank account!
Be sure to keep on top of your bills each month to avoid late fees and mounting debts! If you have a credit card, only use it for essential purchases & avoid impulse buying with it!
Find a suitable account with benefits for students
Be aware of any overdraft or monthly fees you may incur & take these into account when budgeting!
It’s easy to get carried away when you’re picking up supplies before the start of the semester, BUT do you really need 8 different highlighters, 6 types of folders & a hole punch?! Probably not, so try to stick to the essentials that you know you’ll actually use.
Instead of purchasing new items, consider swapping wardrobe staples with a friend! New clothes without the price tag!