When you make your money behave, it stretches and goes further! But does this statement apply to the students? The budding and blooming youth generation are not affected with the reality check behind the statement. But to be honest money management from time to time especially for students studying abroad is not just necessary but should also be done effectively. Apart from the tips and tricks we read online, it seems impossible to make your money last until the end of a semester or month, but budget control is a good habit, as it helps you treat yourself with extra food at the end of a semester.
Here we are to share our creative tips and tricks to convert your pennies into pounds.
1. Study materials
Just admission to the Universities doesn’t cut your further expenses. There is study materials cost as well, according to a survey it was found that students spend more money on the books and are materials than expected.
- Look for second-hand book sales in other Universities. Buy-read-sell!
- Why buy when you can borrow. Hit the library.
- Avail of discounts.
- Students travel card helps you with a discounted travel price reducing the cost of transportation.
3. Food in every Mood
Food doesn’t always come in unhealthy packages, it is possible to eat healthy and tasty in your budget.
- Make a shopping list before entering the supermarket, to avoid unnecessary purchase.
- Avoid wastage of food, freeze it for back up.
- Avoid canteen, take your own lunchbox.
Entertainment has no end for students even with the low budget. From night-outs to house parties, from sports to friends reunion, it never comes for free. But there is a term called economical/low-cost.
- House parties.
- Offers via NUS Extra
Halls of residence generally has domestic utilities included with the rent such as gas, electricity, and water. But in private housing, setting up regular payments is a good idea which fixes your budget as well.
- Go for online deals that are usually cheaper.
6. Computer Network
The internet charges are generally inclusive in the rent for halls of residence but a factor to worry about in private housing.
- Compare broadband deals online before availing a monthly rental line.
Losses don’t knock the doors, getting all the valuable belongings(TV, freeze, laptops etc) is always a smart idea.
- Students content insurance package.
Daily and basic needs such as toothpaste, soap, and gel aren’t free either.
- Set aside enough money for the basics, making the most of special offers and value brands.
Shop till you drops sounds cool but it doesn’t help you save and maintain a budget.
- Students discount in shops and online.
- Cashback websites.
- Clothes swapping.
10. Extra expenses
Extra expenses such as printing, photocopying, library fines etc add up to your budget faster. try ignoring them if possible.
- For a lot of print-out works and assessment, it is advisable to buy a printer.