Students, here are some tips
Parents only give allowance for what’s necessary like food, rent and transport. Someway somehow, they assume that our social lives are non-existent, that we are busy in the hostel studying and not partying on a Saturday night. Smh. So, you have to device ways to save money while in campus so as not to be too broke or fall into the pressure of dating sponsors. Here’s how you can avoid being broke in campus.
1. Get a part time job.
Obviously, you’re not in class the whole day. The good thing with most campuses is that they offer different class schedules from which you can choose and that means that you at least have a few free hours. During that time, you can look for an online job like freelance writing for a blog or even online freelance writing for SEO articles. You could also teach English online or start a small business, say selling clothes through Instagram or to your campus mates. This way, you will be able to make some money on the side while still studying.
2. Live off campus.
Campus dorms or hostels can be quite pricey so, instead of living there, convince your parents that it’s better to live off campus and then get a shared apartment close to uni with some friends. This way, you will be able to split rent and utility bills and leave some money for yourself. Do ensure though that you get a place that’s not too far away from school so that you don’t end up spending too much on transport or getting late for classes. The goal is to save money; not make life harder.
3. Buy second hand books.
Sometimes, lecturers will insist on students buying certain books for certain modules. Instead of buying new books from the book shop, you could look for second hand books or ask someone you know who was studying the same course to sell you his/her old books. After all, you might not even use the book afterwards, plus, you could always find a free eBook version online.
4. Take advantage of student discounts.
They’re everywhere – restaurants, social events and even cinemas and all you need to produce is your student ID. Get proactive and find out, via social media and word of mouth about places that offer student discounts and take advantage of the free or discounted stuff, and that way, you will end up spending less money.
ALSO READ: 5 meals every broke campus student eats
5. Have a savings account that earns interest.
Anyone who is 18 years and above can have a bank account. Do open one and ensure that you earn some interest. You may not have much money left to save but instead of getting lit every weekend, spare some money and put it in the savings account. At the end of the year, you will be surprised to learn that you may have accumulated a significant amount of money.