Top 11 Tips to Save Money As Student In 2023

Introduction:

f you are a student worried because your money goes unchecked and you want to save some money and looking for tips to save money, then this article is for you. If you are not a student, still you can take advantage of this article by applying the top 11 tips to save money as a student.

Saving money is an important part of everyone’s life especially if you belong to a middle class family or lower middle class family or if you don’t want to spend too much of your parents’ money on yourself during your career. But most people fail in saving money as they are spending too much on little things that don’t even count. It may look as small as 1$ a time but in a month when taken in total it could be 30$ or 60$. Small things when added upon make big piles. So, if you are looking to save money, keep in check every small detail where your money goes. It will help you reducing expenses of useless things or things that are used only once or for very short time.

Anyways, here is a list of 11 tips to save money if you are a student:

Top 11 Tips To Save Money:

1. Buy second hand books and sell old
2. Don’t go shopping hungry
3. Eat in home
4. Say No to drugs
5. Use Public Transport or walk
6. Shop at places offering Student Discount
7. Eat outside with friends
8. Don't spend money on Video Games
9. Open a saving account
10. Do Side Hustles
11. Keep in check where your money goes

Let’s now discuss these points in detail:

Buy second hand books and sell old:

Books can be super expensive during educational career and they may be used for only a year. So, instead of buying new books, try buying second hand books. Also, sell the old books that are not useful for you now to make some extra money. In this way, you can fulfil your books needs without spending too much money on them.

Don’t go shopping hungry:

It is advised that whenever you are going outside for shopping, never go hungry. The reason for this is if you have an empty stomach, then watching tasty food outside will make you buy them. As they are expensive then eating at home, you maybe spending your money for just filling your stomach which you could do for less in home. So, it is recommended not to go shopping when you are hungry.

Eat At Home:

If you often go outside for eating, reduce this. You know it is very expensive to eat outside as compared to eating at home. So reduce going outside for eating.

Say no to drugs:

Drugs, vapes, cigarettes, alcohol are not only expensive but also damages your health. They eat out your money like fire eats out wood. Imagine spending your precious money on things like these and then paying for hospital bills. So, Say no to drugs and save your precious money and your health as well.

Walk or Use Public Transport:

If your school or college or place of work is 30 minutes away, it is better to walk instead of using the car. If it is difficult for you to go at work on foot, then use public transport. It is way more cheaper than paying for diesel to use a car.

Shop at places offering Student Discount:

Do you know there are lot of places offering student discount on various things that are used in daily life? If yes, then why not shopping there? It could save you a lot of money. Imagine the same thing you are buying for 50$ is available for 35$ there. Then why not saving the 15$? You could use it somewhere else where they need to be spent like it could be your college fee or your bus fare.

Eat Outside With Friends:

If you want to go outside to eat at a good restaurant, it is always recommended that you don’t go alone. Take you friends along with you. It would benefit in two ways. First, you will enjoy there more as compared to going alone. Second, the bill will be split and hence you will have to pay lesser than going alone. So, next time going outside, remember to take your friends along with you.

Open a Saving Account:

When you get your pocket money, always divide it into portions. One portion should be deposited in your saving bank account which gives you interest over time. You could use this money as your first investment or you could use this in case of an emergency.

Do Not Spend Money On Video Games:

A very big mistake that students now a days do is that they spend a lot of money buying video games and then buying stuff inside them to have cool skins and cool suits. I don’t understand why people do that? Games were made for fun then why people spend money on useless suits and skins? If you are one of them, don’t spend money on video games. Just play them for fun. And you’ll see how much money have you saved.

Do Side Hustles In Free Time:

In the free time, you should do side hustles so that you can make extra money. Here are 10 side hustles that you can try to make money online. You could be doing tutoring, pet sitting, selling handmade products etc. In this era of internet, there are a lot of things that new generation better understands and can try. You could do anything you are good at.  Hereare top 10 ways to make money online. You watch youtube? Why not make a channel on the same platform and earn money? You are currently reading an article. Why not try blogging yourself? You order things from amazon? Why not use amazon to earn money? There are so many things looking for you to discover them and try them and make money online or in real life.

Keep in check where your money goes:

Always keep an eye on where you are spending your money. Sometimes things may look smaller but when added upon, they make a large pile of things. There are a lot of examples when people write down where they spent money, they shout “Oh, Am I spending money on this stupidity?” So, it is always recommended to write down every small bit where you are spending money. It would help you in checking where you should be cutting your expenses and where you could save money. There are a lot of applications like Mint, Goodbudget etc to keep a track of your expenses.

 

Conclusion:

Being a student is very costly now-a-days. A student has to pay attention to his studies and that is why he can’t do full time jobs. The study costs thousands of dollars every year. Hence, it is better to save as much money as you can to share the burden on your parents. If you are bearing your own expenses, you know how difficult it is to save a penny. But by applying simple techniques in your life, you can save your precious money from useless expenses. The top 11 tips to save money that are listed above should be applied in your life no matter if you are a student or not . If you applied the techniques and saw some results, please comment down below. It will help a lot other people who are struggling with their lives. Thanks for reading till the end.