100 Ways To Save Money – Looking for 100 creative ways to save money while in college ?

The first step any student needs to take is figuring out what their
budget actually is. This isn’t just determining what they can spend
on nights out in the bar having good times. It isn’t simply having
spare money to spend. It is the money that they have to live on.
They will also need to think about using that money to pay for
fees, rent, bills, travel, food, and any other household expenses.

This may involve taking some advice from their parents. They are
familiar with paying bills, budgeting and hopefully smart money
management. Parents can be an invaluable resource to any student
even if the student would rather not admit it!

The goal here is to work out what the essential costs are that will
have to be deducted from the student loan funds. These may be for
payments (such as rent) that may have to be made at the beginning
of the term. They may be bill payments that have to be made monthly
or quarterly. The money left over here is what the student will
essentially have to live on. At this stage it won’t necessarily
look like a lot, but stretching a personal budget can be done with
some basic and creative money saving tips…such as:

-share accommodation with another student;
-buy food items in bulk when you find sales and other good buys;
-consider what cell phone plan you really need & find one that
is practical for your needs and inexpensive at the same time;
-eat out less including coffee and drinks at the lounge / bar;
-consider your transportation costs;
-are miscellaneous entertainment expenses such as movies,
sports, etc., taking a chunk out of your budget ? learn to be
frugal – don’t deny yourself pleasures, but rather, be creative
and find ways to spend less;
-buy secondhand items on eBay (are they even required items?!)

The bottom line for the student is really – Assess Your Spending Habits.

Then actually Save The Money You Save! Don’t just save all this
extra money and then turn around and spend it needlessly. Even with
interest rates on the low side, it is beneficial to start saving
at a young age. Make saving money a goal – the student or anyone
else for that matter will be surprised just how easy saving money.

About the author:

Author: Jordan Nicckels

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