Money. We don’t have trouble spending it, but when it comes to saving it? Our daily coffee just seems a little more important.
Caffeine addictions aside, there are definitely little things that you can do every day which will cut your costs and help to get your savings account growing and help you stretch that dollar out. Check out our list.
BUDGET, BUDGET, BUDGET.
Know what’s coming in, identify how much you want to be spending and then divide up your earnings between your savings and spending accounts. Better yet, get a savings account that you can’t touch for a designated time period, and watch your balance climb!
Never go food shopping on an empty stomach.
You’ll be certain to buy an absolute trolley-full of treats you really don’t need.
Remember that you don’t have to buy breakfast out every day.
You can always smash your own avo atop that artisanal (or not so artisanal) loaf in your fridge.
Buy things in bulk.
You can freeze meat and store pantry items like tinned fish and veggies pretty much forever.
Take advantage of student discount programs, like ACU’s very own ACUXtra.
Coffee fans can keep their caffeine hit but save major cash by switching to instant. Removing your daily café-bought coffee could save you upwards of $30 a week!
A six-pack of muffins from the supermarket could end up costing you only a little bit more than one from a cafe. That’s some math we can get behind!
Late night takeaway
Time your takeaway purchases with closing time to get those end-of-day discounts.
Sell your textbooks.
Did you know you can sell your used books back to most campus bookstores? If you buy your textbooks secondhand as well, that’s some major cash that you could invest in something else. And as an added bonus, recycling is better for the environment, winning!
Cook for yourself.
Home chefs not only have cash to spare, but learning to cook is a life skill that will benefit you for years to come.
Take public transport, or even walk! Cut out those excess costs for petrol and parking.
High end fashion is great but high-end fashion purchased half-price on eBay, at markets or via designer resale groups is even better.
There are plenty of great online sites and stores where you can sell your used clothing, furniture and tech items. You can even go old school, and hire a stall at a local market. Split the cost with a friend and reap the financial rewards!
Home, sweet home
If you live out of home, there’s nothing like a visit to your parents for some bonding with a side of free dinner.
Don’t fall into the credit card trap.
If you have one, make sure you pay it off as quickly as possible to avoid paying interest, which makes the cost much higher than you initially intended
Check out Student Jobs on Campus.
They’re a great way to get to know your university, they pay well and are super convenient with all jobs located (surprise, surprise) on campus.