When you’re a student, it’s hard to save money. The few shifts that you fit into schedule give you just enough money to spend on social outings. If saving is difficult for you, follow the tips below so that you can start to save money.
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Open a savings account. An online account can be helpful because you can’t access it with a card. Use this account for saving only – no transferring money out once you’ve put it in. A good idea is to put a certain percentage of your pay packet in each fortnight. That way, you’re keeping, say, 25% of your earnings without fail
- Save money from extra shifts. If you cover a shift at work, don’t look at it as extra spending money – it’s extra savings. Since you’re not used to having that amount of money each week, you won’t miss the extra.
- Op shop. If you need new jacket this winter, or more shirts to wear to the beach, then instead of going to pricy stores, visit the op shop. You have to wade through the rubbish, but you’ll be amazed at the cheap yet brilliant gems you can find.
- Student Concession. If you’re a full time student, get a student concession form from a newsagent, and get it stamped at uni. That way, you save on public transport, movie tickets, exhibitions, and more. You student card is not the same as a student concession card.
- Visit Careernav.com Life Skills section. For detailed tips and tricks on how to manage your money, click on the Life Skills tab, then Financial Skills, and scroll down to Money Management - 11 Essential Tips.
If you have any other inventive pointers on how to save money, then feel free to post a comment below.
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