Being a student is hard work. There’s a lot of pressure on you to learn new things, achieve your goals , and even discover what you want to do with your life. At the same time, you’re struggling with the fact that you barely have enough cash in your wallet to make ends meet. It’s no wonder that countless students turn to personal loans on top of their educational loans to help them manage their expenses.
The good news is that being a student doesn’t have to be a nightmare. It can actually be one of the most exciting and fulfilling experiences there is. All you need to do is figure out how you’re going to use your money effectively. Here are a few tips to get you started.
1. Make an Early Start on your Credit
It sounds strange, but during those early years when you’re borrowing for the first time, it’s a good idea to make sure that you’re taking steps to protect your credit rating in the future. Start by setting up a direct debit to ensure that you pay everything on time, and make sure that you’re signed up with any free services that allow you to keep an eye on your credit score.
The faster you start building your credit now, the easier it will be to get support and credit  in the future, even with your student debt hanging over you in the years to come.
2. Know When to Buy in Bulk
When it comes to things like toilet paper, rise and even pasta, it’s always better to buy in bulk. While it might be a bit of a pain to carry 50 rolls of kitchen roll home with you after a long day of studying, the last thing you want to do is pay extra for something that you’re going to be using all of the time anyway. Figure out what you’re going to be buying a lot of and look for ways to get a great deal.
If you’re living in shared accommodation with other people, you might decide to go in together in bigger bulk purchases and split what you buy between you. This can save you a fortune over time.
3. Shop Later in the Day
Speaking of shopping, when you go to buy food for you and your housemates, consider going later in the day, after some of the crowds have died down. This will be probably a better option for your schedule anyway. What’s more, it will give you a chance to nab some last-minute discount on food that’s still good but might not be suitable to keep on the shelves for much longer.
Just make sure that you cook any of the items that you do buy before their best-before date or put them in the freezer if there’s still time to do so that you can help the food to last for as long as possible. Don’t be afraid to pay less for bruised fruits and veggies too – they can make a mean soup.
4. Make your Meals in Advance
When you’re cooking, avoid making one meal at a time. Usually, it’s much easier to make a bunch of meals at once and freeze what you don’t need straight away. This will help you to use up ingredients before they use their value, and it also means that you have some quick and easy food to turn to when you’re exhausted after a particularly long day of studying.
Remember, making your meals in advance will also help you to save some cash by ensuring that you’re less likely to order food or eat fast food when you’re tired. You’ll already have the meals ready and waiting for you, after all.
5. Always Look for a Deal
Finally, there are plenty of great ways for today’s students to save some extra money if they’re willing to look for them. For instance, you can find discount and voucher codes online for almost anything these days, particularly if you’re willing to download browser plugins and applications that automatically check for offers when you’re shopping.
Additionally, there are plenty of survey websites out there that will pay students a bit of extra cash to answer questions about their favorite products and services. You could even make a little extra money by signing up to a cash-back website. You won’t make a fortune from cash-back, but you will save a little bit of money on every purchase.Google+