Best Ways to Save Money As a Student

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Best Ways to Save Money As a Student
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• Becoming a student comes with a lot of freedom.
  However, if youre not used to managing your
  finances, this can be a difficult adjustment. The
  likelihood is that youll only be working part
  time (if at all), which means youll need to be
  careful to save money. Luckily, with a simple
  plan in place, you can ensure that you never
  exceed your budget.

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Spend Sensibly

• It may be tempting to purchase something that
  catches your eye or throw a few treats in the
  shopping cart when out grocery shopping.

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• Always think twice before you buy anything
  this includes eating out when you planned to
  cook. For big purchases, wait a while before
  buying or at least shop around to see if you can
  find a better price.

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Monitor Your Buying Habits

• Its impossible to know that youre staying
  within your budget if you fail to keep track of
  purchases. Write down everything you pay to see
  where your money is going. Then, you can decide
  how much you can afford to designate to each
  activity. In addition, make sure that you
  frequently check how much you have in the bank,
  just to confirm that youre not overspending.

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Travel Cheaper

• Whenever you can, walk or bike. Its cheaper and
  it gives you exercise. If youll need to travel
  farther, see if public transport is an option.
  You may be able to avoid bringing a car to
  college entirely.

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Buy Second-Hand Books

• Theres no need to buy all your books new a
  better option is to purchase them from former
  students. If you keep the books in good
  condition, you can even sell them once you
  graduate and regain what you spent.

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Avoid Late Payment Charges

• When any bills arrive, pay them immediately, or
  at least as soon as possible. This will prevent
  you from needing to pay late charges, which often
  adds a large amount to the total.

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Live Off Campus

• You may be able to find significant cost savings
  by searching for apartments near University of
  Waterloo. Typically, you can pay less living off
  campus, even when you add in the cost of
  utilities.

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• A great option for high-quality yet affordable
  Waterloo student living is King Street Towers.
  Its almost as close to University of Waterloo as
  living on campus, but costs a fraction of the
  price. Best of all, the apartments are all
  inclusive, meaning you wont need to worry about
  budgeting for bills nor paying for a gym
  membership.