A student’s life is never easy. Shuttling between classes and extra-curricular activities, it becomes difficult for a student to find time for his own self. As if time constraints were not enough, he is also constantly under budget constraints. When you are dependent on your parents for finances, every penny matters a great deal. Students usually have a fixed monthly allowance. Everything, ranging from paying the rent to buying books and eating out occasionally, is to be taken care of within the limits of this allowance. Sounds unfair, doesn’t it? There is always an option of asking for some extra bucks from your folks, but you cannot always do that. What comes to your rescue in such a situation is a part-time job. Many Universities across the globe permit students to take up part-time jobs. This helps them in attaining financial stability and independence at a young age.
Economics has a major role to play in determining how comfortable your student life will be. Several concepts of the subject are instrumental in determining your day-to-day activities. For instance, budgeting is one principle that every student swears by. If you wish to be able to manage your expenses well, you need to maintain a timely budget. Also, students are great at conducting a cost-benefit analysis before making purchases. With limited resources at hand, students know the best product to pick for the price that they pay. You also understand the concept of demand and supply very well as a student. And also the logic with which fluctuations in demand and supply lead to discounts and sale offers. This is the reason you know which product will be at the best price at a particular time of the year. Student life is intertwined with economics in more ways than one can imagine.
Here are 5 ways in which you can save money while in University:
Learn to Cook
Eating out too often could ruin your budget. While it is okay for you to eat at your favorite restaurant once in a while, making that a habit could cost you more than you can afford. The simple way out is to learn to cook. Get together with friends and cook a nice meal. That way, you get to have fun at home the economical way. It would also ensure that you intake the right amount of nutrients on a daily basis. However, be careful with grocery shopping. Do not indulge in impulse buying. Take the food items that are relatively easy to cook. Make sure to not overspend on supplies you would never need.
Pro Tip: Never go grocery shopping on an empty stomach.
Ditch the salon
Stop running to the salon every time you want your beard trimmed or your eyebrows shaped. Put the tweezers to good use or buy a trimmer that helps you trim at your own place. Salons could prove to be very expensive. When you are living on a tight budget and have zillion things to take care of, make sure that every penny counts. Check out these cool YouTube tutorials that teach you to be your own salon artist.
Be Your Own Designer
You need not head to an expensive designer showroom before your prom night. You do not even need to go to the famous mall to shop for a birthday dress. You’re smart and have a great taste of your own. All you need to do is show some creativity and design your own dress. The clothes that you have in your wardrobe can all be transformed into high-fashion apparel. Just be open to experimenting with them and you will never get a chance to complain. These brilliant ideas are all you need to set the ball rolling.
DIY Dorm Décor
We understand that you want your dorm room to look beautiful and lively. But it is not necessary for you to raid the market for cool decorative items. You could use your old stuff to create things that would give an extra edge to your room. Just put on your thinking hat and create best out of waste. From wind chimes to wall posters, you can create it all on your own. Do not know how? Check out these wonderful tutorials and get going.
Student life is all about having a great time with friends. There is never a dull moment. The excitement only multiplies several folds in the event of a friend’s birthday or any other occasion that calls for a celebration. However, it may not always be feasible to buy expensive presents, even for your favorite people. Whether you wish to buy a gift for your valentine or your best friend, it could burn a big, fat hole in your pocket. Get rid of the stress of having to borrow money for buying a present for the ones you love. Make them gifts that would mean much more to them than items purchased from the gift shop. Learn how you can do that, through these tutorials.
Author Bio: Bella Williams: As an academic researcher & private tutor, Bella guides the new age professionals and students with their career. A graduate of Monash University, Bella organizes free coaching workshops and promotes free sharing of knowledge. You can also find her on LinkedIn.