Tips to save money for a college student | How should a college student manage money?

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College days are like beauty and beast -beautiful but can flip to show it’s ugly side anytime. It is different from our imagination. The reality is much different and harsh. The pressure is not only in the academic field but it is also about the financial condition of a student. College life brings independence along with great risks of being trapped in financial dependence. So, to avoid falling into the financial hole you can follow these tips to save money for a college student.

Tips to save money for college students

1. Shop Local

Colleges are considered to be fashion meetups where everyone tries to show off their best style statement and the most interesting part of these meetups is that you cannot repeat the same outfit at least for 3 to 4 weeks. So, in this case, going after brands is not a good choice. Wearing branded clothes can lead to a burning pocket. Instead shop local at markets such as Sarojini Nagar, Janpath etc where you can dress yourself from head to toe just under 500 bucks. Basically, these clothes are brand rejects so you get it at so cheap prices.

Tip: Check the clothes carefully before buying them 

Shop Local - Tips to save money for a college student - How should a college student manage money

2. Use Public Transport

Public transportation is cheaper than the personal cars and can help to save a lot of money. So, from next time switch to public transportation.

Use public transport - Tips to save money for a college student - How should a college student manage money

3. Attend Lectures

Students generally skip their college lectures and at the end go for extra coaching to understand the same concepts. As you are already paying a high amount for college fees, you need not make double payment and take coaching.

4. Second-Hand Books

It is true that “books are our best friends”. Books not only with provide us great knowledge but also help us to escape from falling into the financial hole. Instead of buying new books, go for second hand books which are at almost half of the actual prices. So, just as best friends, books too lends us a helping hand.

TIP: SOME BOOKS CONTAINS A LOT OF MARKINGS WHICH MAKES IT UNREADABLE, SO JUST CHECK IT BEFORE BUYING

5. Use campus gym

Use campus gym - Tips to save money for a college student - How should a college student manage money

Generally, gym costs an arm and a leg, thus to avoid it, join campus gym which is much cheaper and are student-friendly. Trainers at the college gym are much trained and even gym contains good equipment. Rather than avoiding the gym, go for the cheaper option available.

6. Eat at cheaper cafes

Cravings are unstoppable, there is no end to it and it costs a pretty penny. Whenever you feel to have some delicious food or even you want to hang out with your friends, go for cheaper cafes rather than the expensive ones. They both serve almost same menu and there is no use of paying a big amount and regretting later.

TIP: ALWAYS CHECK THE MENU OF CAFES ON  APPS LIKE ZOMATO OR DINEOUT BEFOREHAND

7. No cigarettes and alcohol

The temptations of college life are enjoyable but to a limit and it should not become one’s habit. Cigarettes and alcohol are two such things that cost a bomb and is obviously not good for health. Best way to save money this semester is to stay away from these evils.

8. Use a prepaid mobile plan

Choose your prepaid mobile plan wisely and never go for a postpaid plan. Postpaid plans generally give a big shock to people at the end of the month whereas the cost for your prepaid plan is fixed and there is no requirement to worry about any extra charges.

9. Pay Bills on time

Students often neglect and forget about paying several bills which lead to extra fine or charges at the end. You can just save a big amount by paying bills on time. Don’t forget it, write it on a notepad.

10. Make handmade Gifts

Gifts are expensive and can make your financial plans fall upside down. To escape such a situation, go for handmade gifts. You can easily find the tutorial to make a gift on Youtube. Handmade gifts are cute and usually leaves a much lovable impact on the person than any materialistic gift.

Make handmade gift - Tips to save money for a college student - How should a college student manage money

11. Carry your own water bottle

Make a rule that wherever you go, you must carry your own water bottle. I know water bottle costs less but one must keep this in mind that every drop counts!

12. Carry your lunch to college

Carry your lunch to college otherwise, you will end up eating a lot of junk food, gaining carbs and of course losing money. So, carry homemade healthy food. To say goodbye to your cravings, fix two cheat days in a month.

13. Lessen your makeup products

GIRLS! This is especially for you. I can understand how expensive the makeup products are. But it’s time to understand that we are just going to college and are not there to compete with KYLIE JENNER. So, lessen the number of products you use in the college. You all look beautiful without makeup too.

Lessen your makeup - Tips to save money for a college student - How should a college student manage money

14. Cut off Cable

As you have already taken a good prepaid plan which comes with enough internet data so cut off your cable. If you wish to see any movie, series etc. Do not worry as you have your smartphone and a good internet plan. So, search and enjoy!

15. Ask for discounts

There are many places that offer student’s discount. So, next time you go somewhere to eat, to buy anything, just don’t forget to ask for the discount.

16. Sell off the products which are not in use

There is a lot of items in every house that are no more required. So, just click the picture of it upload it and make money.

17. Drink homemade coffee

Make handmade gift - Tips to save money for a college student - How should a college student manage money

18. Share apartment rent.

Share apartment with your 2-3 friends and thus also share rent which will ultimately decrease your expenditure.

19. Recycle clothes

Don’t buy dusting cloth from the market instead use your old T-shirt to clean the house.

20. Don’t buy paintings

Search and make your own decorating material to decorate home instead of expensive paintings.

Don't buy painting - Tips to save money for a college student - How should a college student manage money

21. Plan your purchases

Plan everything you wish to buy for a month. Never buy beyond that list.

22. Install useful apps

There are a number of apps available which will help you to save money and keep a track of it such as DIBZ, CROWN IT.

So, from next time follow these handy hacks which will not burn a hole in your pocket and will help you to survive without taking any financial burden.