Cutting Your Costs As A Student

Cutting Your Costs As A Student

By TLB Contributing Financial Writer: Cyndy

When you go to university, you get to enjoy a whole new experience and an exciting chapter in your life. Not only will you be working towards an improved education but you also get to meet new people, explore new places, and even enjoy your first taste of proper independence if you are moving into student accommodation.

However, one of the downsides of student life is that you also get to experience the problems that come with having very little money. Many students go through financial struggles on a regular basis and this can have a negative impact on your university experience. However, you can look at ways of cutting your costs as a student and enjoying having a little more financial freedom.

Some tips to help reduce costs

There are a number of tips that can help you to reduce your costs as a student. You can also find ways of making extra money in order to boost your finances. So, let’s take a look at some of the tips you can make use of:

  • Reduce debt and interest: If you have debt such as a credit card, you should repay the amount in full each month because you can then avoid paying any interest on the card. In addition, it means that you will clear the debt more quickly. If you cannot repay in full each month, when looking for a suitable card, look for the best student credit card in terms of interest rates.

  • Enjoy entertainment at home: Many students lead busy social lives but rather than going out and spending money on a regular basis, enjoy entertainment at home. You can stream movies online, get some friends round, have gaming nights, and even have parties where everyone can bring drinks along.

  • Reduce fast food spending: A lot of students spend a small fortune on fast food over the course of the day. By making your own lunches and meals at home, you can save yourself money and enjoy healthier food that is far better for you in the long term. There are plenty of simple student recipes that you can try out.

  • Find affordable accommodation: If you feel that you are paying too much for your student accommodation, look at moving to a cheaper place. Alternatively, if you have a spare room you could look at getting another student in to share the cost of the rent, which could save you a significant amount of money.

  • Invest in a bicycle: You may be paying a fair amount each month on travel costs to and from university or to visit family at weekends. Instead, look at purchasing a bicycle, which enables you to get exercise and save money.

If you want to try and boost your student earnings while studying, you can find various ways of making money too. For instance, you could sell items online, provide online services such as content writing, or get yourself a weekend job to earn some extra cash.


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