Tuesday, April 15, 2014

8 Ways to Save Money During College | No comments:


Hey guys! A common problem I hear all the time from people around my age is that they can't seem to save money and always have the urge to spend it. I always believed that saving money shouldn't be hard. Sure it involves some sacrifice and self-control but after you get used to it you feel proud of yourself for saving money towards your future. Of course when I say this to other people they agree with me and then go back to spending every penny from their paycheck on ridiculous things. Well, here's a few tips that I've tested out myself and found MAJOR success in when it comes to making and saving money. They're quick, simple, and can make the biggest difference when it comes to how much you're spending each month.

1.) Cutting Down On Coffee

Before I started getting serious about saving money, I remember buying Starbucks frappes about 3-4 times a week. Every time I went through the drive thru I just said to myself "ehh it's only $4, it won't kill me", little did I know spending $4 on a drink a few times a week results in spending $208 in a entire year! Kinda ridiculous...

2.) Stop Buying Clothes You Don't Wear 

I already dedicated a post specifically for this topic just because it's SO common which you can read here.

3.) Gym Membership

When it comes to getting fit, it shouldn't be something that you should be spending your whole paycheck on. I know some people who pay to go to these fancy gyms that have classes, a swimming pool, and sauna yet don't even use these extra things! Try to find cheaper gyms around your area where you'll know you'll only be paying for what you actually use. Gyms that don't include so many extra features will usually cost less such as Planet Fitness which is only $10 a month because it only has cardio and weight lifting equipment. Of course there is the option of working out at home and using YouTube or even working out outside since the weather is getting warmer! So many possibilities with this one...

4.) Eating Out Less

I hear people complaining about this one a lot and what's worse is that not only does this affect your wallet but also your waistline! It's not easy but try to slowly start eating at home a few times a week and watch how it all adds up at the end of the month. Personally, I only eat out once a week or sometimes less and I'm completely happy with that! My rule is that if I can make it at home then it's not worth it to go to a restaurant and pay for someone else to make it when it's so simple.

5.)  Offer Tutoring

Most college kids these days have a part-time job but sometimes that's just not enough. If you're really good at a certain subject, try offering tutoring to kids in high school or at the same college as you. You would be surprised at how much money people are willing to pay to get that A+ in a class. Start by putting up flyers at your school particularly a few weeks before exam time and watch how popular you'll get ;)

6.) Two Words: Student Discount

It surprises me how many people don't take advantage of student discounts at stores! Popular clothing stores such as J.Crew and Topshop will give you at least 10% off every purchase so why not ask? Even restaurants such as Moe's will give you a discount on certain days of the week. Remember, every penny counts.

7.) Turn Your Hobby Into a Business

Love playing the guitar? Singing? Photography? With lots of promotion and marketing you can turn what you love into a business. I'm a jack of all trades, master of none and I took advantage of that by offering makeup, nails, hair, and even photography services to people around my town and made a good amount of money from it! It's unconventional and not always a stable way to make money but it's nice to do once in a while for some extra cash!

8.) Shop Online

Another reason why I love shopping online is that there is so many more discounts on there than there is in stores! Sites like Hautelook offer designer clothes and accessories for some seriously cheap prices along with Threadflip and Ebay which you can find practically anything brand-new, with tags still attached. Just make sure that it's a good seller and you're good to go! Added bonus: you'll be helping small at-home businesses instead of major corporations that are already making so much money.


Hopefully this list has helped at least one person, if not it's a great reminder to myself to do more to save money haha.
 
Do you have any good ideas when it comes to saving money? Leave a comment below!

Until next time lovelies,

-Ruya

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