Tips for Living Cheaply as a Student

1. Tips for Living Cheaply as a Student

2. Finding ways to live more cheaply will make your life as a student much easier. Just knowing that you have enough money to survive and to make any unexpected expenses will be a weight off your shoulders. Then, you’ll be able to focus on what really matters: your studies.

3. 1. Write Down Everything You Spend Start by figuring out what you spend at the moment. Without changing your habits, write down every expenditure for a month. This will show you where you could cut back.

4. 2. Plan Your Budget Determine how much you have available each month. This will involve adding any income you receive to your savings. Then, assign an amount to each activity, starting with the essentials. Make sure to also designate some money to an emergency fund. Next move onto non-essentials and finally to fun. You may discover that you have allocated a smaller amount of money to non-essentials and fun than you are currently spending. If this is the case, you need to find some ways to cut costs.

5. 3. Stop Ordering Coffee Trips to your local coffee shop are costing you far too much. Buy a simple coffee machine along with some ground beans and start brewing at home. If you are using the coffee shop as a place to study, find somewhere free instead, such as your school library.

6. 4. Choose Better Groceries You can instantly save money by making smarter choices at the grocery store. Purchase more raw ingredients to cook, especially vegetables but less meat and cheese, as these are expensive. Plus, look for items on sale and always avoid processed foods.

7. 5. Take Lunch to School If you have classes around lunchtime, come to campus prepared by bringing a brown-bag lunch. You’ll spend much less than buying a meal. It’s also a great way to use up leftovers from the night before.

8. 6. Buy and Sell Your Textbooks Textbooks are a necessity, but an expensive one. Save money by purchasing books from other students and selling materials once you’ve completed a class. The most effective way of all to live cheaply is to find affordable

9. student housing in London, Ontario, where students have the option of Foundry First. This off-campus Fanshawe housing costs much less than living on campus but has all the same benefits. For instance, you’ll be around other students and live just a short walk from classes. Better still, you’ll live in luxury — with a gym, laundry facilities, and lounge all under one roof.