Money Saving Tips Students Need To Know

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Do you want to know the money saving tips that will help you start up your own business as a student? Or perhaps you are planning to save for the next level of education? This article is just for you. For some of you, though budgeting may not be what you want to hear, it’s definitely what needs to be done. Always calling home to get some money from your parents to buy your needs in school wouldn’t last forever.  With these ultimate money saving tips, you’ll learn ways how to effectively save money as a student.

Have a budget plan. If you have a strict budget plan, you’ll be able to monitor the flow of money going in and out of your pocket. This is where you can say that you are indeed saving money. Have a monthly budget based on the money that comes to you and stick to it.

Buy in bulk. Another good way to save money is to buy things  in bulk. Instead of buying per-piece of your consumables such as toiletries, foods and many more, you might want to consider buying packed items for it will cost less. List down all your daily consumables and try to compute if it’s worth to buy in packs.

Don’t live above your means. If you can have a simple android phone, don’t force yourself to have the top brands phones or iPhones. After all, you’re still a student yet. Don’t engage yourself into social climbing type of lifestyle. Always learn to be contented that you satisfy your needs for now. All your wants should be cut off for the mean time.

Learn to say no. It’s not new  that after classes, your friends & classmates may push you to join them to go here and there. If you really can’t and have no budget for it, then DON’T. Just say no and explain to them why you are not coming with them.

Don’t make impulsive purchases. Always plan the things you are going to purchase or you might spend your money on things that you don’t really need. This is not just for students but also a very important part of everyone’s  life.

If everything else fails after trying these money saving tips, then it’s time to take up some part time employment.

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Adekemi is a Pastor by calling and Dentist by profession. She is the Co-founder of ‘Komplete Woman’ an organization whose aim is to inspire and mentor young women to discover their purpose early. She is an associate fellow of the Royal commonwealth society. She is passionate about God, writing, poetry and influencing the younger generation to fan the flame of their potential.