It's quite known that students usually spend a lot of money on different expenses. And due to different reasons, many of us can’t really afford to work full time now. But we can't help but to spend, even on stuff we didn't expect in the first place (things just come up unexpectedly).
Many young students find it difficult to manage money, let alone save sufficient money, particularly those schooling in stressful institutions or stressful departments.
But then, it's actually realistic to spend less money, save more money, and still have a nice life that preserves your sanity in school.
Let’s simply see how to save more money as a student (straight to the point)
Make A Budget:
Definitely. You have probably heard of this numerous times. But then, it is what it is. We have to keep this at the top of the list. You should sincerely know the importance of having a budget and sticking with it.
It is one thing to have a fine budget, it is another thing to have the discipline to stick with it - which many young people don’t really have. Hence, we must keep placing emphasis on this.
As a young chap, if you don't want to be constantly broke, then you have to be wise and disciplined. You should know how to use money. You should avoid shopping when hungry, and also don't take loans for consumption.
Always remember that what gets measured will likely be properly managed. Don't forget to cut out unnecessary costs too. If you continue keeping track of what’s coming in and going out of your bank account, you will likely focus on the cost of your purchases.
By taking notes of all of these, you will find yourself saving money. It is nice to also add that technology has made budgeting quite interesting today. You can head over to Google Playstore and get any cool budgeting app
- Ensure You Don’t Live To Impress Anyone
Sure, this is a big stuff. Many young people are still under this yoke - living their lives to please others. So, they purchase things (even irrelevant things that they don't need) just to impress others.
There is something I want you to know. Many of those you are trying to please, don't really have your time. Many times, those who thought are noticing us, don’t really know that we exist.
Therefore, for young chaps that won't want to stay as slaves to the opinion of other people, it is advisable that they develop a good self-esteem, and they won't go on wasting money just trying to please folks that don't even care. When you attain this height, you know that your self worth isn’t based on your material possessions at all
- You Should Cut Your Clothes According To Your Size
If you can be true to this principle, you will be able to save more money. Know your financial status and don't do things beyond yourself. I will advise that you cut off unnecessarily subscriptions.
Also, many young people waste a lot of money at restaurants. Hence, I'm admonishing you to always try cooking your meals instead of spending too much money out there. Don't forget that you can get clothes and shoes within your current financial strength.
Finally, one of the best skills you can get yourself now as a young person is to have the discipline to prioritize saving money. This will surely help you as an adult.