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5 Money Saving Tips for Students

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As a student, you will find that you will come across times where you are strapped for cash, especially if exams and assignments are coming up. Unfortunately, life still rolls on and bills still need to be paid, so you need to make sure you still have a little bit stored away for emergencies. Here are five ways to save money – some of which are only available to students!

1. Research

Accommodation is one of the most important things you will consider as a student, more so if you are moving states or a long distance from home. There are a number of different paths you can go about obtaining accommodation, so make sure you do your research before you commit. Specialists in student accommodation, such as Iglu, are an option for student accommodation in Sydney, so you might want to put them on your list. Doing your groundwork in advance will give you peace of mind and save you a lot of money long term.

2. On-campus facilities

One of the best perks of being a student is the ability to use campus facilities. These can include health services, exercise facilities and much more. Most of these are usually free or will be a discounted price for students, so take full advantage of these and save yourself some money in the process.

3. Discounts

Many places, including bars, restaurants and even some retailers, offer discounts to students upon presentation of a student identification card. Look up and familiarise yourself with such establishments, and you might just find yourself with some extra money left in your pocket.

4. Portion Food

Buying food is something you can’t really avoid, so it will always be an expense for students. A great way to save money on food is to cook in bulk. You can then portion your meals up and pop them in the freezer or fridge so you don’t need to spend time worrying about food later on. Ingredients are often cheaper when they come in bigger sizes or packs, so you will also be saving money this way.

5. Budget

Setting a budget is one of the most practical and simple ways to save money. Of course, once you draw it up you have to stick to it! Having a budget means that you will always set aside a specific amount of money each week, so you don’t have to worry about running out of cash if something urgent pops up.

These tips are just here to get you thinking about ways you can start to save money. There are many other methods you can use as well, so make sure you choose methods that work for you and that you can stick to.

What are some of your money saving tips? If you’re a student, are there any secrets that you might want to share with everyone else? Leave your advice and thoughts in the comments section below.