Saving as a Student: Money Matters!

General
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How to save money while studying and managing your own expenses?

  1. Come up with a budget: Split your money into needs, liabilities and savings. This will give you a better pov.
  2. Needs and wants: Ask yourself atleast three times if you really need the thing or is it just your mind pulling some tricks.
  3. Utilize: Many places provide discount on student IDs prefer shopping from such places.
  4. Used textbooks: Buy textbooks which we previously used or renting them from libraries is a good option.
  5. Coupons: If possible collect them for discounts and gift vouchers.
  6. Future Funds: Don’t just let the savings sit in a place split them into some good deposits and bank options for emergency and future purpose. Make sure they are easily accessible whenever needed.
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Really helpful…in college I think every student faces financial crisis.

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I’m doing some intership and CAships
So I can take care of my some monthly expenses :grinning_face_with_smiling_eyes:

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Create a budget to track income and expenses carefully.
Prioritize needs over wants to save effectively.
Cooking at home and packing lunches reduces costs.
Using public transport or carpooling saves money.
Buy used books or share resources with friends.
Avoid making impulse purchases, think before buying.
Take advantage of student discounts whenever possible.
Look for free or low-cost entertainment options.
Consider part-time or freelance work to boost income.
Regularly review and adjust your budget to stay on track.

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Well summarized :raising_hands:t2:
Doing remote internship also helps

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Thanks man! Great advice for new medical students and aspirants

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A penny saved is penny earned! So make cappuccino at your room rather than spending $5 at Starbucks. There are plenty videos on IG that tell how to prepare cappuccino powder and then just mix and enjoy for weeks.:grinning_face_with_smiling_eyes::grin:

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Thats great advice to save money.

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Insightful

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I list out all my expenses when i get my allowances at month start and try to save some from that. Though allowances is not much that much amount but yes it helped me built up discipline for money management

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Great advice

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Use cash instead of online payments …this will surely help you control your expenses

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By creating a realistic budget
Tracking your spending
Utilizing student discounts
Building an emergency fund

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Frugal lifestyle is the best advice I will give. Honestly!