Money-Saving Tips for Students

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Money-Saving Tips for Students
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• You need to be saving money if youre going to
  pay for your education and survive but the last
  thing you want is to miss out on activities
  happening at your university. By saving money,
  you can have enough available for when something
  fun is going on.

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Stick to a Budget

• Draw up a budget that covers your housing,
  utilities, food, and other essentials. It may
  take you a couple weeks to figure out just how
  much you need for each. Subtract this amount from
  your monthly income, along with a backup amount
  for emergencies. Then, figure out how much you
  can afford for non-essential pleasures. The trick
  is to never exceed that amount.

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Cook Your Meals

• Meal plans are expensive, as is eating out. You
  can save money by preparing as many meals as
  possible at home. This includes brewing your own
  coffee instead of grabbing a latte on the way to
  class. Cooking meals is much easier for students
  living off campus than for those in a McMaster
  residence, but it is possible to an extent
  whatever your living situation.

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Save on Accommodation

• Talking about living off campus youll also
  spend less on accommodation if you rent a student
  apartment. Even when you factor in utility bills,
  living off campus tends to be far less expensive
  and usually more comfortable.

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Collect Coupons

• Often, you can reduce how much you spend by
  taking advantage of coupons. Make sure that you
  just collect coupons that offer a good deal and
  for products and services you actually want.
  Then, you can plan your meals and activities
  around the coupons you find you may even be
  able to find good restaurant deals. Remember, you
  can find both physical coupons as well as online
  discounts.

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Find Things to Do for Free

• Research what free events are happening on
  campus and in your area. Look for outdoor music
  concerts, meet-ups, and events at your local
  library. All these are also great ways to meet
  new people.

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• Youll save the most money and sacrifice the
  least if you live in all-inclusive McMaster
  accommodation. At West Village Suites, for
  instance, you receive far more than just a room.

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• Included in the cost are amenities like
  electricity, water, gas, a fitness centre, and
  Wi-Fi. Plus, youll receive a full-sized kitchen
  for cooking meals and you can opt for a furnished
  apartment to reduce the expense of purchasing
  living essentials.