How to Draw your Budget. Part 3.

Practical Guide for Students. Part 3.
While learning how to save on foo and transport, you have probably thought of other expenses. Some of them are absolutely essential, while others might be avoided but they make all the fun. So, let us see how you can enjoy life and keep saving.

ADDITIONAL STUDY EXPENSES
 You can spend a fortune on study materials, including course books, if you do not start buying online or second-hand. Check out Amazon and other popular sites. Browse local ads and find good deals.
 Consider using the library. It will take more time but you will save hundreds borrowing books instead of buying them.
 If you do have to get a course book of your own, try sharing the cost with your course mates. Spited price is much more affordable. If you happen to live together with your course mates it won’t make any difference.
How to Avoid Additional Expenses
SHOPPING ONLINE
 Start checking student discounts in online and real world stores. You will be surprised to discover how many options you have.
 Before purchasing anything online, start with prices comparison. There are special sites you can use to locate the best deals.
 Charity shops and second-hand stores can be you best option for clothing. Many big cities have dozens of shops to browse.
 Stay tuned to SALES. Most of the clothes and accessories are sold at very attractive prices in the end of each season.
 Use special sites for coupons and discounts. Many coupons can be downloaded to your iPhone or printed for using in real world stores.

FUN & ENTERTAINMENT
 You can bring your drinks and food to the movies and concerts. The prices for Coke and popcorn are always amazingly high in all public places.
 Clubbing is fun but the money you spend on drinks can make your weekly budget. So, consider drinking something BEFORE you go with your friends. Same fun, more money in your pocket.
 Most of the events sell Early bird tickets. Plan in advance and buy cheap.
 Start saving on calls, e-mail, Skype or WhatsApp can successfully replace most of the calls you make.
 Holiday gifts can make a huge hole in your budget, so think of passing some presents you don’t enjoy to other people.
Holiday gifts
On the other hand, after reading all these tips, will you still have fun while planning and preparing in advance for your entertainment?

How to Draw your Budget. Part 2.

Practical Guide for Students. Part 2.

So, now you know that money doesn’t grow on trees. The only way to manage your limited cash is to spend what you have to spend, no loans, no overdrafts and no borrowed cash.

There are always some ways to cut your expenses, so let’s see what can be done.

How to Draw your Budget. Practical Guide for Students. Part 2.

FOOD & DRINK

  • Never go food shopping when you are hungry. You will buy much more than you need.
  • Start sharing food with your roommates. Buying food and drink in bulk is always cheaper.
  • Cook in turns with your roommates. You will have a chance to spend less time in the kitchen, make your menu richer and, what is more important, won’t waste any ingredients.
  • While frozen food is not the healthiest option, it is significantly cheaper. So, you can buy more food at discounted price and eat it for several  day or even weeks.
  • You may dare to start growing your own veggies or at least start buying them on the market.
  • Stop eating out too often. Home food is always healthier and costs less. One night out can cost your weekly budget.

COMMUTING

How to Draw your Budget. Commuting.

  • Buy travel pass and start saving at least 30% of your budget. Check out special local deals. Many companies offer special discounted tickets for students.
  • Rent or buy a bike. First, it will be great way to go around and second, it can save your expenses on gym workout. Double profit, isn’t it?
  • Bus passes are often sold weekly, so consider you if you need one
  • Start walking more. Most of the students tend to live close enough to uni, so 10-15 extra minutes of walk can save you a hundred or more. Walking will keep you fit and no gym is needed again.
  • Most of the air-lines offer special prices for students and you can spend few hours online to find the best deal.
  • Driving might be fun but do you really a car of your own in uni?

More great tips to come in our next article.

 

How to Draw your Budget.

Practical Guide for Students. Part 1.

Leaving home for the first time is already frustrating but challenges of new student life add to stress.  New life style in university, new faces of the students and professors, new subjects to learn– you name it. Financial planning is one of many challenges but it can quickly become your biggest one.

How to Draw your Budget. Practical Guide for Students. Part 1.

Most of the students do not have the money of their own and either borrow it from parents or get some education loans. So, it is truly important to understand what you are going to spend  in addition to your tuition fee.

What should you expect to spend for?

  1. Study Materials.

Many freshmen admit that  their course materials cost much more than they thought and make a big part of their budget.

  1. Transport & Commuting.

Some of you will be lucky to live close enough to university to walk to study. Most of the students though have to pay daily to get to lectures. Other big part is travelling home for week-ends or holidays.

Unless you eat properly you chances to study well go slim. Healthy food and proper diet do not have to be very expensive but still will make you spend substantial sum every week.

  1. Housing & Utilities

While living with parents, most of the students never thought of monthly bills for  electricity, water, heating and rent. Now you have to make right choices to make sure that you have enough money to cover your utility bills. Whatever option you choose- a dormitory, private housing or shared rent- make sure you have enough money left to pay  for utilities.

  1. Internet

There is hardly any student who can survive without internet longer than few hours. So when choosing your housing, choose wisely and  check internet availability and costs. It might happen that your chosen accommodation doesn’t have any internet, than you will have to pay for installing it.

  1. Entertainment

All students spend money on sport, clubs, gigs, etc to have fun. Even if you budget is limited make sure you do leave some money to enjoy life. Don’t waste your best years.

To be continued