Best Tips to Save Money As a College Student

Time flies and money flows, and, it is more so if you are a college student. You have to manage a lot of things including money. Pursuing a degree can be expensive, but it doesn’t have to be if you can efficiently manage your expenses. But this is easier said than done. When college life starts, we get overwhelmed as it is a completely different experience for us. And, at that time, money management is the last thing that comes into our mind. Even if it does, we don’t know how to do that successfully. So, after considering all the above aspects, our experts who provide finance dissertation help to students across the country have come up with five tips that can help you in saving money as a college student. Have a look:
 Make a Budget Plan

This is the most crucial step in your pursuit of saving money. You need to know precisely, how much you are spending and how much you have? It merely means that you should jot down all your monthly expenses on your meals, personal care items, food outside meals, study materials, etc. Then, you should note down your sources of income, such as part-time jobs, parental allowances. After all this scribbling, you will have a clear view of your expenses, and you can manage them accordingly. Many online sites provide financial management services. You can also use them to create your budget and stick to it.
Use Old Textbooks

This will save you a lot of money. As a college-goer, we spend a significant amount of money on books. So, you should consider buying old ones instead of new ones if they meet your demands. What it means is that the condition of the book should be fine, and you can use them for one more semester. There are many online sites that provide old textbooks at a minimal rate, and you can use these to buy the ones you need. You can also consider rental services for the same if that goes well with your needs. So, don’t buy new textbooks unless it’s absolutely necessary or if you can’t find old ones.
Differentiate Between Your Needs and Wants

The biggest dilemma a college student faces is deciding between what he needs and what he wants? But it’s not exactly as complicated as it seems. The things which are not necessary and even without them, your life would be the same, are the ones you don’t need and you should consider spending less or nothing on them. And the articles without which your progress as a student can be hindered, are what you really need. So, spend your money on them.
Use Resources Available for Students

Many services are exclusive to the students. Public transport is cheaper for them as compared to other people. Also, there are discounts on offer in canteens. They are economical, and don’t leave your wallet empty. Try and use these services to save yourself money. And, always carry your college identity card to avail them. College-goers don’t know about them at first, so, collect information from your seniors or the employees. This will give you a clear idea about the areas where you can save using these assistance programs for students.
Limit the Use of Credit Cards

According to a survey by the International Journal of Business and Social science in 2012, more than 70% of undergraduate students have at least one credit card. So, it’s understandable that they are a requirement for most of the college-goers. But, this also increases your expenses as you don’t really give a thought while swiping yours. They should be used wisely, so, that you don’t end up with a large amount of debt. Limit their uses and save yourself from the debt that can hurt in long time to come.
 As T.T Munger once said that “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” So, by learning money management, you are also learning a lot of important skills. And, the tips mentioned above will help in the process of saving money.

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