ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Save Money During Your University Years

Updated on June 14, 2015

Saving money and cutting down on expenses during your University life

As a student, one's fear is always finishing their allowance before the end of the month. We all face this or we have all faced this before sometime in our lives.

So here are a few tips and advices on how to save up and not go complete "broke".

We all usually receive our allowances at the beginning of the month. And that's when we need to make a list of things that we have to spend on and how we are going to manage our money throughout the month. But our first headache is to pay the house rent and electricity bills. And once that is out of the way is when you continue writing down the list.

First comes the household items that you really need. Shampoo, soap, detergent, shaving cream and etc.

Then comes the groceries. Now this has two ways. Some of us usually don't have the time to cook or eat at home due to assignments or busy schedule at University or just busy lives. So we eat outside almost everyday to save time. But if you're not one of them(which is a good thing btw), buy your groceries right away and know what amount will last you till the end of the month. Buy enough, it won't get wasted, you can use it the next month as well which will rather save you more money from the groceries that you would need to buy the next month.

And the really good advice to anybody would be to complete receipts. Collect and keep receipts from every purchase you make throughout the month in a safe place. This is your main key to saving. This will give you an idea at the end of the month where you spent your money and how you ending up with zero balance. After evaluating that, don't repeat doing that the next month and you can cut down on those unnecessary expenses, and this is basically how you will stop becoming broke anymore.

On the side. We all like buying things for our own pleasure right? Yes we do! Like buying clothes and fashion items and etc. Keep a minimal budget for that. And only spend that particular amount on shopping for pleasure. Not a single penny after that. Because when you're almost broke, every single penny counts. Trust me. It does. It's better to not wear anything new every month rather than starve for weeks because you finished your money buying things that could definitely wait a while or atleast a month. We all do that so it's a reminder to come in track and not repeat the mistakes over and over again which will only through you back in the pit everytime.

And then after all this is put aside. Now you have all the money for transport or leisure activities or materials for University. Use them wisely till the end of the month and you will be good to go. You already have groceries and you already paid your bills, and now you have nothing at all to worry about. You definitely won't starve till the end of the month. So the rest of the expenses are on your own. Getting broke is not a problem now anymore.

So if you make this list and cut down on your expenses this way, you will always be happy, and never starve.

P.s: Just incase you need extra money. Work. Either at your University or wherever it pays good enough for the amount that you need. Doing so will also save you money and if you keep saving extra every month, at the end of your University life you will have a bank full of money. That you can basically use for anything that you desire at that time. Let it be the capital to start up a business, to change to a different/better or let's just say to buy a new car if you didn't have one at College. Or to move to a new house or for basically anything at all.

So goodluck you guys, manage your money from now and onwards this way and never starve again.


Comments

    0 of 8192 characters used
    Post Comment

    • Itseddyy profile imageAUTHOR

      Ayman Mohd 

      3 years ago from Malaysia

      @Dana Tate : Thank you so much for always passing by :) Haha so make sure to tell your friend about all these points and i'm sure he will be able to save up by the end of the money and not go broke :) Goodluck to him :) Yes, true fast food does drain your money and i need to stop spending on fast food too haha :D

    • Dana Tate profile image

      Dana Tate 

      3 years ago from LOS ANGELES

      This is very good advice you presented here. I have a friend who was always broke towards the end of the month. Food was very hard for him to keep and he was constantly running low. I soon found out he would buy few groceries in the month and spend a lot on fast-food. Although fast food is easy it really drains your pocket book.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)