7 Tips To Save Money As A Uni Student
1. Switch Your Mobile Account To Prepaid
If you can. This way you won’t accidentally go over your data, and be charged ridiculous amounts of money. Even the supposedly safe ‘unlimited’ plans have limits.
2. Skip Coffee
Relax, we just mean skip buying coffee. The usual $3 a day might not sound like much, but that’s about $60 a month based on 5 days a week. Save yourself this cost by investing in a thermos and taking coffee with you.
3. Use Cash
For most uni students, cash is nearly obsolete. Cards are used for the majority of your transactions, and why not? It’s so much easier. Well that’s exactly the point, its way too easy to spend money when you’re not seeing it being spent. It will be a lot harder to part with cold hard cash, not to mention all the hassle of not wanting to split notes or carry change etc. You might find yourself skipping purchases that you actually never needed.
4. Buy Second Hand Textbooks
Every new semester brings with it new textbooks, and a huge bill. It is rare to find a uni textbook for under $100, they usually average about $150 each. When you have to buy four or more, combined with all your other stationery supplies, you could easily reach a total of a thousand dollars.
Check out the noticeboards around uni or the uni Facebook page, there’s always people selling 2nd hand books. Even if the book is an old edition check with your lecturer to see if the old one will do, as they usually don’t change very much.
5. Cancel The Gym Membership
Most exercises can be done at home; instead of using a treadmill… go running. But what about lifting? Well this could be hard to do at home, depending on your training level, but the average gym-goer should be able to strength train without all the fancy equipment.
Google how to do weight training at home, you will find heaps of information. If you do have to buy a few supplies, you can pick up general weights set for around $100, which should have everything you need, and save you money in the long run.
6. Track Your Spending
Sick of wondering where all your money is going? Try tracking your spending for a week, note down everything you spend and what you spent your money on.
If you're out and its too hard to note down items, just keep receipts and take 5 minutes at the end of the day to record your spending. You can then use Excel or just a pen and paper to categorize where all your cash is going, and think about where you can make cuts.
7. Go Out Less
This isn’t as bad as you think. Stay in and invite friends over for a movie night instead of going to the cinema and paying ludicrous amounts of cash on popcorn and soft drink. DVD hire + microwave popcorn at home could cost as little as $4. Compare this to the same at the cinema, and you’d be up for at least 5 times that.
Plus, you can talk as much as you want, pause for toilet breaks and stay in your pyjamas.