Practical Tips for Students Who Want to Save Money

Although it may be difficult, it is far from impossible to save money as a student. Saving money while you study is well worthwhile. For instance, this will give you more freedom to look for a job you’re going to enjoy after you graduate — you’ll have no need to take the first thing that comes along just to pay the bills. To ensure that you do save money, you need to have a plan.

1. Stick to a Budget

Figure out how much you have available each month and set a budget where you’ll spend less than that amount. Be reasonable with your budget, making sure that you have plenty for basics, other essentials, and emergency expenses.

2. Eat at Home

It may be tempting to buy your meals (especially if your cooking skills are lacking). However, with just a little practice, you can prepare close to the same quality as you find in restaurants. Decide what to eat according to the ingredients you can buy without overspending at the grocery store.

3. Borrow, or Buy Secondhand

If you have a friend who already took a class you are now going to take, ask if you can borrow the textbook. If this is not possible, look for secondhand materials — and then resell them once you’ve finished the class.

4. Take Advantage of Student Discounts

Student discounts abound in Ontario. Always ask local businesses if they have special deals for students. Plus, research online to find out which places offer the best discounts.

5. Cancel Subscriptions

Decide if you really need your subscriptions to streaming services. You may be able to borrow digital and physical copies of music, movies, and TV shows from your college or from other students.

6. Get a Job

Working part time can make a big differences to your savings. If you have no time to work a traditional job, side gigs can bring in some income. Babysitting, dog walking, and providing a moving service are all good options.

The most effective way of all to save money is to live in Fleming College off-campus housing. At a Fleming College residence like Severn Court, you’ll not only save money on rent, you’ll also reduce your cost of living. For instance, you’ll have no need to buy furniture, you’ll have your own kitchen (no meal plan), and you can lease a suite for just 8 months, if you wish.