Student life is all about the limited supply of money coming from home unless you are having any other possible source of income. Still, we feel it’s really important to track down your expenses and use it wisely on the quintessential things. Listed below are some of the LIFE HACKS that we follow. Thought of sharing it with you all.
- Don’t buy new textbooks. Buy or rent used textbooks and sell last semester’s books back. Well hanging out with senior can be really fruitful sometimes.
- Limit eating out. Limit the number of times you eat out monthly. Limiting your craving foodie monsters inside you will help you saving some extra expenses
- Don’t make impulse purchases. According to Business Dictionary, it means Spur of the moment, unplanned decision to buy, made just before a purchase. Research findings suggest that emotions and feelings play a decisive role in purchasing, triggered by seeing the product or upon exposure to a well crafted promotional message. Such purchases range from small (chocolate, clothing, magazines) to substantially large (jewelry, vehicle, work of art) and usually (about 80 percent of the time) lead to problems such as financial difficulties, family disapproval, or feeling of guilt or disappointment. We understand it’s really difficult to control this but still, it is possible. Control yourself :p
- Cut out vices – smoking and binge drinking are terrible for you and expensive. Rs 25-30 of daily expenses costs around Rs 750-900 at the end of the month. Spending money on the stuff which is contributing to you own health problems is a stupid idea. Think of it again before lighting and uncorking up
- Walk, use public transportation: Study shows that walking may help to slow down the aging process. (Wow O.o) Using public transports are way better than spending on owning your own vehicle which clearly is a liabilities. Check out Daily Walk Can Add 7 Years to Your Life
- Sharing room: Live with others so you can split rent and utilities. Many of your expenses will get reduced to half
- Look into a college campus gym versus a gym in town. Many colleges offer memberships for free or at a reduced rate for students.
- Use a free tool, like Monefy: Use smartphone applications like Monefy to keep track of your finances. It’s harder to be frivolous when you see where your money is going.
- Avoid buying branded items. Purchase generic items whenever possible. They are exactly the same item, at a highly reduced price. You can even check the ingredients to make sure!
- Turn off lights and unplug electronics: Electricity prices are rising and utility bills are getting ugly which can even give you a heart attack at times. By saving electricity, you can save few bucks on electric bills.
- Cook your own food. Along with spending time on your education side by side, you can improve your skill on cooking too. (Please don’t give excuses on managing time 😛 )
- Free Meals: Explore and look out if you can take advantage of events with free meals. Free stuff are perks for jobless bunch of people 😀
- Become a coupon hunter. Act like a detective while searching coupons. The Internet is your perfect spot for this.
Rack-up loyalty points.
- Being Frugal: When you want to buy something, ask yourself “Do I need it?” “Is it really important?” “Is there any life hack for this?” Then take a right decision.
- Buy stuff in bulk: Buying stuff in bulk can highly reduce your purchasing price. Form a team while buying anything in bulk and yes don’t forget to bargain 😉
We hope most of the above mentioned “JUGADS” are already known to you. We would like to know about yours if you have any. Please comment down below, we would love to add it along.
Money doesn’t come for free, try every possible way to save and invest it in the right place so that it gives you a perfect return in future.
Share these with your friends and help them saving some extra bucks and then yeah ask for treat B)