We’ve talked about saving money on textbooks and various tuition costs, but what about the daily expenses that you have as a varsity student? How can you spend less and possibly save some coin when it comes to day-to-day costs?
Be smart with travel costs
If you’re not living at a campus or private residence, then you’re going to have to plan around the cost of traveling to and from varsity on a daily basis. One idea would be to get a prepaid monthly bus tag, which will turn out even cheaper if you can use your student card to get a discount. Also find out about your varsity’s transport system to see if you can catch free rides to and from bus stops if they’re too far to walk. Another money-saving option would be to join a lift club with some of the other students who stay in or around your area.
Don’t buy food on campus!
We don’t have to tell you that buying food on campus everyday can be a colossal waste of money. So why not plan your meals on a Sunday night so that you’re set for the week? You can even do this if you live on campus so that you don’t end up spending all your cash on unhealthy snacks. Prepping your meals weekly will save you time and money, and it’s healthier than a lot of the deep fried alternatives sold on campus.
Save on data costs
Being a student means spending loads of time doing lots of research online and while your varsity probably has media centres with free wifi, you’re still going to need to do some work from home. If you have a part-time job or get a monthly allowance, then the best thing to do is to buy enough data at the beginning of each month and make sure it lasts the entire month. Switch off background apps and other unnecessary features when you’re not in a wifi zone, and take advantage of any special offers on data and airtime whenever they’re available.
Most banks offer student account options that have little to no monthly costs and don’t charge you for day to day purchases. Some banks even have partnerships with various shopping outlets that allow students to earn points or get discounts on certain items. So, do your research on all the different bank account options for students before you settle on a bank to make sure you’re getting the best value for your money.
We know that being a student can be really stressful, especially if you’ve got to worry about money. However, if you do your research, plan your meals and outings, and become a smart spender, you can actually end up saving a lot of cash.