Money Matters

4 Penny-Pinching Life Hacks for Students

By July 31, 2017 No Comments

The life of a student is all about hard work, raucous parties, lengthy lectures, experimentation and, well, budgeting. Even if you’re lucky enough to have a part time job, the majority of us still have to watch our spending very carefully indeed in order to avoid living off of baked beans for two weeks out of every month.

If you’re looking for simple ways in which to save some extra cash without really feeling it, we’ve got you covered. Here are 4 penny-pinching life hacks that every student should know.

Use Cold Water to Wash Clothes

Unless your clothes are heavily soiled after playing a rough game of soccer with the boys, or after an unfortunate cooking accident, you really don’t need to use hot water in the washing machine. Cold water will work just as well and will save you a couple of bucks in the process, too.

Be Careful Which Textbooks You Buy

So often there will be a few textbooks included on your list that will never actually be used in the class. Avoid spending unnecessarily by speaking to people who have already taken, and completed, the programme.

Ask them which textbooks were essential and which were simply nice-to-haves and head to the book store from there. Also, don’t be afraid to ask if they would be willing to sell you some of their textbooks second hand at a discounted rate. You just might score an epic deal!

Stash that Heater Away

Yes, we know it’s winter… and yes, we know it’s cold. But you’d be amazed to discover just how much electricity a simple heater requires in order to function. Do yourself a favour and put on a few extra layers and grab a couple more blankets instead. You’ll be glad that you did when you see your electricity bill at the end of the month!

Cook in Bulk

Save yourself time and money by preparing your evening meals for the week when you have some free time over the weekend. You can freeze them and simply reheat when you’re ready to chow down. Save even more money by teaming up with your roommate and taking turns cooking and buying the groceries.

Do you have any money-saving life hacks to share? Tell us in the comments section below!

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