Introduction
Living in the 21st century could be challenging for many individuals for many aspects, especially college students. We all know how expensive college education can be but is it all? Is education the only expense in college for students? Certainly not! We are not looking at the small details here. As a college student, a person has a lot of other small expenses as well—the travel expenses, food expenses, Money spent on outings, and the reading and studying material. The list can go on and on.
This is why it is essential for a student to have saving while in college. However, how come a student saves Money? You do not need to worry about it. Several easy ways can have positive results for you as a college student. This article will let you know about the five best ways to save Money. So, without wasting any time, let us jump right into it.
1) Make Your Meals
One thing is understood that if you want to survive and thrive on a college budget, you must prepare your own meals. Even though while it may seem more straightforward to buy a $20 lunch from a restaurant after a long day at college than to go home and cook something from scratch. Cooking at home, on the other hand, is significantly less expensive than eating out. And every penny you save on food goes into your savings account, where it can be put to better use, such as paying off your student loans.
2) Purchase in Bulk
If you have the space to keep bulk items, buying in bulk from wholesale shops is the best method to save Money. You can save a lot of cash by purchasing products that you use frequently, or that can be consumed for long periods. Furthermore, if you invest in a warehouse club membership, such as BJ's or Costco, you may get your hands on your favorite groceries for wholesale costs. BJ's sells groceries for up to 25% cheaper than a traditional grocery shop. And a $55/year subscription will grant you access to this offer. On the other hand, Costco charges $60 per year for its home card.
3) Buy Some Plastic Containers
Sounds odd, right? What does buying plastic containers; have to do anything with saving Money? Yes, you may wonder about it, but look at it in a bigger picture. As a college student, you may go under a lot of stress and forget small things in common. Hence, you quickly forget your food is open on your kitchen counter. Guess what? That food will be of no use the following day until and unless you had it inside of an air-tight plastic container. This way, you will save your food from getting bad hence saving Money in the longer run.
4) Advanced Meal Preparation
If you plan your meals in your mind ahead of time and then buy supplies appropriately, you may save a lot of money at the grocery store. It assists you in determining what you can afford to eat and spend on groceries to stay within your monthly or weekly budget. Additionally, planning ahead of time for meals allows you to keep to the grocery list and purchase only what you require.
5) Get a Budgeting App
When you have an important task due the next day, managing your accounts and scribbling down every single expense, then tallying it against your income is not easy. However, today's technology ensures that no one is left alone, and you can take advantage of this by using budgeting software to keep track of your finances.
