Tips to save money for a college student

TIPS FOR A COLLEGE STUDENT TO SAVE MONEY:

College or university is often the first flight we take that is explicitly out of our parent’s care and protection.As you enter college, particularly far from home, you begin encountering the beginning taste of monetary freedom. The majority of us depend on our parents/guardians for pocket cash..

India has always been an economy, which has relied on savings as its financial strength.

know that there is a difference between being cheap and having spending savvy. There is nothing wrong with living within your means, rather than beyond.

The thought of this theme spins around real costs you run over amid your understudy life and how you can chop some of them around utilizing coupons and advancements distributed online and logged off.

Here are some simple tips to spare you from never-ending zero equalizations.

SAVE MONEY IN COLLEGE





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Buy or rent used textbooks and sell last semester’s books back.

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Always pay bills on time to avoid late fees.

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Live with others so you can split rent and utilities.

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Don’t buy the most expensive college meal plans. Figure out what you actually consume and get the correlating package.

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Don’t buy books you will only need for a short period of time – check them out from the library instead.

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Go to class. You’re paying for it and skipping is like throwing money out the window!

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Never take out a loan for anything that’s unrelated to your education.

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Drink water. It’s free and better for you, anyway.

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Shop where they offer student discounts. There are so many places that offer discounts to students

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Buy online to have the best deals and avoid the temptation of over spending in retail stores.

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Sell what you no longer use or need. There are plenty of stores and web sites where you can sell your used clothing, furniture or tech items.

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Travel smarter- use public transport and try and use sharing/pooling services as much as possible.

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Make a monthly budget.the balance can be used for gifting,parties,shopping..

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Use Free ATMs.. After the first five transactions in a month, you are charged Rs 20 per cash withdrawal if you are operating an ATM outside your bank’s network.

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Earn Don’t just rely on your family, try and find other sources of income to pay your way through college.  

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Rather than spending thousands of rupees in a restaurant, take permission from your parents to organise a barbeque party in your backyard. If this sounds like a lot of work, just spruce up your room and order some good food to have fun at half rate.

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Smart people don’t just save, they invest. Start with basics and park your funds in fixed income deposit schemes,Investing in equity early will expose you to financial markets and you will be more comfortable later in life while betting bigger numbers.

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Being a part Of cultural societies and participating in competitions that offer cash prizes can fetch you a few bucks. In addition, find out about the scholarships offered by your institution and the criteria to avail of them. And if any of your professors is involved in research work, enquire if they need assistance with their surveys and help them..

SAVE MONEY…SAVE PEOPLE…SAVE COUNTRY..