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  • Writer's pictureChadwa Khemissi

9 ways to make money and reduce your expenses as a student

Trying to manage your finances while earning a degree?

There are two main ways for that:

  • You can work on increasing your income/available cash

  • You can work on decreasing your expenses

Both strategies effectively do the same thing. To be most effective, you should concentrate on both increasing income and decreasing expenses.

Here are the best ways to do that before you matriculate :

Sell your books, CDs, games & videos :

We all have old textbooks lying around that you never read, or those CDs, DVDs, and videos that you never use anymore. Rather than throwing them away, why not turn them into cash?

Buy Used Textbooks Or Rent Them :

It’s okay to skimp all your textbooks and revision materials!

There’s absolutely no reason to pay full price for a textbook, especially when you won’t be needing them anymore by the end of the school year.

Freelancing :

There are two big pros to being a freelancer; being able to charge what you want and being able to work when you want. A freelancer can be anything from writing a few times a week to earning over $100,000 a year.

Part-Time Jobs:

Getting a part-time job holds many benefits from boosting your CV skills section to earning extra money. It’s a good idea to think about your current skills and what sector you would like to work in. Consider retail, hospitality, bar work, and many more.

Hunt For Student Discounts With Your Student Card :

One of the best perks of being a student is undoubtedly the student discounts. Make full use of your student privilege from your meals to your mobile plans and even movie tickets.

The 10% or $1 saved might not seem much but when you accumulate them, the excess money saved can be spent on the extra night-outs you might want to have with your friends!

Fully Utilize The Public Transportation Network :

When it comes to your daily commute, consider monthly and annual concession passes for public transport. They can make a stark difference to your overall budget.

Varying from city to city, the most convenient and cheapest mode of transport also varies between buses and trains.

Choose the repayment plan with the highest monthly payment you can afford :

Higher monthly loan payments will cause the debt to be paid off sooner and reduce the total interest paid over the life of the loan, saving you money.

Cook from scratch :

If you don’t have a meal plan, then you will have to fend for food on your own. While takeout and ready-made food may seem like a super convenient option, they can also be super expensive. Cooking from scratch is much cheaper, and often healthier too. Not to mention something to brag about on your dating profile.

Shop with a list (and never while hangry) :

Grocery stores are unique places. Every possible food is there. And it can be easy to go nuts and buy a lot of things you don’t need. So be prepared. Bring a list and stick to it.


Disclaimer: The views, thoughts, and opinions expressed in the blog post belong solely to the author, and not necessarily to the organisation, blog owner and/or management. The blog owner and management take no responsibility for the material's authenticity and/or accuracy.

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