Life as a student is filled with exploration, adventure and learning – and not least a tight budget. It is well known that student life is not a life of abundance, but must it really be so bad? Is it possible to save as a student, and how to do it? Many questions and we have the answers.
Here are savings tips for you as a student
Create a budget. As a student, it is important to keep track of finances. Figure out what the money goes to and how much is left over for other things – are there unnecessary expenses you can cut?
Sell what you don’t need. Are there any treasures in the wardrobe or under the bed that you don’t use? Go through what you have at home that you want to get rid of.
Apply for scholarships and contributions
There are often many scholarships that you as a student can apply for without too much effort. The same applies for housing assistance, for example.
Work extra. For some periods the studies go on low gear, then you may want to work to make some extra money. Just make sure you don’t work too much, then you can start getting unwanted calls from the Loan Fund with the requirement to repay the student loan.
Make lunches. Making large portions and lunches keeps food costs down.
Reduce food waste – stop throwing! Smell and taste the food to see if it is still good – it often is. Put together a new dish – maybe a leftover gratin can taste?
Buy large quantities. Avoid many expensive small purchases, rather than buying large quantities a few times in larger stores. Not only does this save you money, you also get inspiration for new, less expensive and smarter ways to cook.
Take advantage of student discounts
There are student discounts everywhere only you look for them – and they tend to be good.
Stay with someone. Cut the bout toxins by staying cheap. Share an apartment with multiple people, or rate student accommodation. Not only is it less expensive, it is often incredibly fun.
Open savings account. Although you can only set aside a small amount regularly, it is a good idea to use it as a buffer or extra money when needed.
Good Finance Bank has savings accounts with good interest rates that fit student life as a glove. Read more about what we can offer you as a customer with us.