Heading to University in 2020? Here’s your guide to stretching your budget a little further.
It’s easy to neglect your finances when there are so many other challenges to meet and adjustments to make regarding university life. But you can’t begin your adulthood with bad money habits. University is the perfect place for you to take charge of your personal economy and be responsible with your money.
Here are a few things to budget for
Save on Housing
Whether you live in the dorms or rent an apartment, your living arrangement will be one of your biggest expenses. So, if possible, consider cutting it completely and keep living with your parents until you graduate and get a full-time job. If that’s not an option, consider living with additional roommates or in a more budget-friendly neighbourhood.
Drop the Car
Most students constantly lack two major resources: time and money. A car is a huge help but adds significant financial pressures at a time that you’re likely already spreading yourself too thin.
Use Student Discounts
Whether you like your photo on it or not, a student card is a blessing. It gets you lots of discounts, from movie theatres and restaurants to travel opportunities.
Look into a campus gym versus a gym in town. Many universities offer memberships for free or at a reduced rate for students.
When planning meals, make dinner with friends and split the cost of groceries. Often times, you’ll be cooking too much for one person anyway!
Making the most of campus activities
Take advantage of what your campus has to offer in terms of activities, rather than spending money on going out. Many campuses have an array of museums, offer movie nights and other social events for cheaper or, sometimes, for free.
Buying new textbooks is a waste of time and money, rather opt for buying second hand or visiting the library.
BE SMARTER IN 2020, but more so, be BUDGET SMART!