8 Ways to Save Money as a Student

If you are a university student, you’re not the richest person globally. In fact, most students struggle to prepare other meals other than pasta or pizza as their budgets won’t allow it. Well, this sounds like a cliché as it doesn’t apply to all students, but every student would always want to learn new and unexpected ways of saving money.

1. Consider buying second-hand stuff

Well, everyone likes the feeling of owning new things, whether it’s new bed sheets, books or a shirt. As such, you can easily purchase some second-hand items at a lower price. For example, you can search for the books you need for your university course online or borrow from a friend. You can consider the York University housing options rather than renting an expensive apartment.

2. Plan your social life as early as you can

Even if you’re trying to save money, that doesn’t mean that you should stop attending fun events. Instead, you can consider getting the earliest tickets for concerts rather than waiting to purchase them at the last minute.

3. Prepare meals at home

It’s tempting to opt for dinner at a nearby hotel or restaurant after a long day at University and treat yourself. But it’s cheaper to purchase the right ingredients and prepare your meals at home for a few days. If you desire to have a joint dinner with your friends, you can team up with a few friends and prepare a great dinner once a week. This is fun and can save you a significant amount of money in the long run.

4. Swap night outs for house parties with friends

Swapping night clubbing with house parties doesn’t mean that you must stop attending night events. However, instead of going to expensive restaurants all the time, you can consider inviting your friends over to your place for a house party. Then next time, you and your friends can schedule a party at another friend’s place within the York University residence or even outside.

5. Have your friends pay their share

Though this sounds obvious to some students, it’s something that can’t be taken for granted. If you have ever had a stingy friend who couldn’t pay for communal food or a toilet paper, then, you understand the importance of ensuring that each of your friends pays their share. Otherwise, you will end up being the only person responsible for purchasing all the drinks and meals for your friends.

6. Cancel the gym membership

Some gym memberships are usually cheap because some people never show up and keep on paying because they hope one day they may go back to the gym. If you intend to save money, cancel the gym membership. You can consider morning runs and walks as daily exercise.

7. Remember, your parents still love you

From time to time, students get desperate for additional cash. If you’re still in a good relationship with your parents, you can request reimbursements from them.

8. Quit smoking

All the money you spent on purchasing cigarettes or anything else you smoke can go to your savings account.