Being Budget Smart in 2020

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.

Staying active

Look into a campus gym versus a gym in town. Many universities offer memberships for free or at a reduced rate for students.

Meal prep

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.

Textbook truths

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!

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Chantel van den Berg
Chantel van den Berg

BLOSS Youth Success Editor

Chantel Van Den Berg is an enthusiastic entrepreneur from the Vaal Triangle. Her main focus is corporate compliance and labour relations. Working as a consultant, auditor and trainer she strives to not only educate employees but to uplift and upskill all areas of their lives. Chantel has been climbing the corporate ladder for 10 years. She firmly believes that with hard work and dedication you can reach any dream no matter what life throws at you and part of becoming successful in life is learning how to roll with the punches. She has 2 beautiful children and has mastered the art of being a successful businesswoman while being a mom and wife.

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BLOSS is an international media platform for South African women who live all over the world in the age group, 20 – 35 years. We integrate print and technology through innovative and exciting ways to keep things fresh, modern and interactive.