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Five Frugal Living Tips for Students

Five Frugal Living Tips for Students
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As a student you do not have to lead the life of an ascetic to make ends meet, whereas it is imperative that you are financially comfortable, to be able to better focus on your college coursework, indulging in a few luxuries does not have to break your bank account. A key contributing factor is the amount you manage to save on your daily expenses. Keep in mind no saving is too small, and every bit adds up. Below are some broad guidelines to help you keep on top of your expenses and make your money go further.

Student Discounts

Availing student discounts is a great way to save money. For example, the campus restaurant usually provides the best value for money in terms of price and quality. If you live in a college town, there are regular student discounts on offer for shopping, pizza delivery, event tickets and even laundry services. You can find details in the local magazine or the campus newspaper. Travel discounts for students are valid for airfares, trains and buses, as well as group tours. Amtrak, for example, offers a Student Advantage Card that gives students 15 percent off the lowest price offer.

Get Group Discounts

You can get group or bulk discounts – for shows, exhibitions, concerts and even restaurants – by buying in a group rather than individually. Many venues offer larger group discounts on certain dates or during specific hours of the day.

Books and Stationary

Your student card makes you eligible for a host of discounts on textbooks, stationary and everyday items at various stores on and off campus – your seniors will definitely know about them- keep a tab on such stores. Make optimal use of public and university libraries. These are free but excellent sources of books and other research and study materials like computers and the internet. Make extensive use of the internet in the libraries if you have a limited budget and would not like to pay for a subscription. There are several online websites offering used textbooks in good condition, so you do not have to spend money on material for each course. Don’t hesitate to ask students who have taken same courses before if they would sell you used textbooks. Computer shops also have regular student deals. You can find help with finding an affordable laptop in your area on the Lenovo website.

Get the Shopping Done Together

If you are sharing an apartment and are keen on saving money by cooking and eating at home, you can shop in groups. Find a person who has a car, or if nobody has one, get a taxi to the closest discount store together. This will save you money, as you can get BOGOF offers, as well as discount vouchers on the next shopping trip.

Get Your Coupons Together

Some people think that coupons are only for housewives, and students would surely not have enough time to collect them. The key is to “divide and conquer”. Designate teams to hunt down coupons and offers for a specific product or service. E.g. you might be in charge of “eating out” offer hunt, while another team could be in charge of supermarket or book offers. This is an effective way of stretching the dollar.

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