If you know that you are in debt or if you know that you have very little money then you will know what a stressful experience this can be. After all, when you are studying, the last thing that you need on top of that is money worries! Take a look below to try and find out how you could avoid debt when you are a student.
Invest in Travel Cards
There really are so many railcards for young people and these are great if you are in education.
It is very easy for you to save money when you have one of these cards and it is ideal if you travel back and forth to university quite a lot. It may even be able to pay for your travel card by the year, and when you do this, you can take advantage of huge savings that would otherwise have been weekly expenses.
Cook from Scratch
Cooking from scratch is way cheaper and it is also way more fun as well! Don’t go out and buy a ready meal from the shelf because you really don’t know what you are eating and they aren’t good for you. When you are able to cook from scratch, you know exactly what goes into your food and you also know how long it can last for. You can even try and freeze your food as well, so you always have something in the freezer for when money does get low. Of course, if you live with other people then this is a fantastic way for you to save money and you can really cut back on your bills
Ask for Discounts!
It is more than possible for you to get a card that gives you a huge range of discounts depending on where you live. Every store you go to should be asked if they offer student discounts. After all, you never quite know if a store is going to offer you a discount or not unless you go, and this is one of the best ways for you to save a lot of money with every purchase you make. By making your day to day purchases cheaper, you can also be sure to prevent debt.
Look at your Accommodation
It is very easy for you to save money when you live in cheap accommodation. That’s not to say that you should go out there and stay in the cheapest accommodation around, but it does mean that you should try and look out for options that you would otherwise not have considered. Take student accommodation for example, that’s often on the campus for your university, it’s cheap and you may even be able to qualify for a discount if you meet certain criteria. When you live on campus, you won’t need a car and this can save you even more money.
Buy a Printer
Printers don’t cost a lot at all. When you do invest in a printer, you will be glad you did because when everyone is panicking about their assignment, you will be able to print yours off without any issues at all. Of course, it’s important to know that printing off your assignments on campus is very expensive and the printer will probably be very popular as well. This means that it’ll always be busy and this is stress that you don’t need. For this reason, if you want to save money every single week, it helps to invest in a printer. This can work wonders for your bank account.
Focus on Second-Hand Items
If you need a television for your room or if you know that you need to buy a winter coat then don’t be afraid to buy one second-hand. When you do buy one second-hand, you can save a lot of money and you can also help someone out as well. The main thing that you have to remember is that charity shops are often full of incredible items, but you would never have known unless you pay them a visit. You may find old comic books, books or even study material that you could really benefit from. The best thing about this is that you will never pay a high price for anything that they have in-stock and this is a fantastic way for you to really get what you need but without really even having to budget for it.
When you go to away to university, you may think that you need contents insurance because you are away from home. Before you go ahead and pay for this, you need to make sure that you are not already covered under the policy that your parents have. It may even be possible for them to extend the policy for you and this is a great way for you to save money. The best thing about this is that you will still be covered so you don’t have anything to worry about.
Drink Before You Leave
If you go out for a walk or if you take a stroll through campus then you may find that the vending machines are expensive. This is especially the case if you are staying in the big city. For this reason, it’s super important that you drink before you leave and it is also important that you always take a bottle of water with you as well. This can save you a ton of money and it can also make it much easier for you to avoid spending that little bit here and there, as this can really add up.
So there really are so many things that you can do to try and save money when you are a student and by following the above tips you can be sure to make the most out of the budget that you have. Being a student isn’t easy, and it is the one time when a lot of people get into debt, but by being smart you can be sure to avoid all of these problems with ease.