4 saving tips for a struggling student

Simple yet effective ways to save money if you are student.

13:46 01 October 2014

With cash at hand, a student faces great financial dilemmas. Coming up with an appropriate balance between how much to spend and the proportion to save is really a great challenge. The solution is simple; all you just need to do is to avoid impulse buying, cut down on unnecessary spending and focus on saving the cash in your purse or pocket. You need to understand that saving today is the way to go for you to buy that valuable item you always dream about or even paying your school fees arrears.

 

The following are four tips that guide students to save:

 

Avoid unnecessary items and save money

 

Stop spending money on booze and fags. Buy only necessities that are important to you and only when you need them. Consider avoiding peer pressure for spending on lavish items such as smartphones and luxury watches.

 

Get affordable meals and save money

 

You do not need to eat at that nearby exorbitant hotel while you can save your money by enjoying a delicious meal at the next hotel. Alternatively, save your cash by going at home for lunch.

 

Buy when demand is low to save money

 

Save the excess money charged on fashionable items by buying when demand is low. Of course I’m not telling you to go for vintage items, but all you need to is avoid buying goods when prices are on the roof. Just relax and buy when the demand drops, triggering a significant decrease in prices and be sure you’ll have some cash left at hand to deposit in your savings account.

 

Take up discounts and save money

 

Make wholesale purchases and enjoy quantity discount. Visit the market once in a week for all your commodity needs. You will enjoy great cash saving because of the discount you will get on your bulk purchases.