From paying tuition to buying textbooks and food, saving money as a student makes a world of difference. Follow these 10 great tips to make your money last.
1. Buy used textbooks and sell the ones you no longer use
Textbooks are expensive. With some costing as much as $200 you can easily spend over a thousand dollars on books if taking a full course load! Places like Haven Books let you buy used textbooks for less and sell your old ones on consignment. Alternatively, the Carleton University Bookstore now lets you rent textbooks, offering on average more than 50% of savings compared to buying.
2. Get a Student Price Card (SPC) and ask for students discounts everywhere you go.
Businesses are sympathetic to the fact that education is expensive, and that students live on a tight budget. Many companies offer student discounts of up to 10-15% on their goods and services. A lot of these companies have partnered with Student Price Card to make it easy for you to save!
3. Make your own coffee
Coffee can seem like a minor expense but can add up quickly. Large tins of ground coffee frequently go on sale at grocery stores for less than $8. For one person that can last over a month
4. Eat in!
Eating out, like coffee, is another expense that can add up quickly. Put on some music and have fun in the kitchen! Leanne Brown has a free online cookbook for you to eat healthy for $4 a day!
5. Don’t stop applying for scholarships and awards
Many external (non-institutional) scholarships go unclaimed every year. At the start of the week spend a few minutes on sites like yconic or scholarshipscanada.com to find awards that match your qualifications. Don’t forget to be careful when applying for external awards. Never give anyone your personal banking information and don’t pay for an application.
6. Hit the museums during free admission times
If you’re looking to get out with friends, museums and art galleries are fantastic places to visit and a majority of them in Ottawa have free admission times. The Canadian Museum of History offers free admission from 4:00 to 8:00 pm on Thursdays, and the National Art Gallery offers free admission Thursdays after 5:00 pm.
7. Get a student banking account
Many banks offer student chequing accounts with no monthly fees as long as you’re a full-time student. Ask your bank what kind of accounts they offer for students.
8. When taking out cash, only use your bank’s ATM
Using an ATM not owned by your bank can cost as much as $4. Consider making a weekly trip to your own bank machine and taking out cash for the week. This can also help you with your budget by giving yourself a set amount of cash for spending. Alternatively, you can use a credit card if you’re stuck but be sure to pay it off immediately.
9. Track your expenses and stick to a budget!
Life is hectic. Especially if you’re juggling a full course load and a part-time job. Apps like mint.com connect with your bank account to track your spending, allowing you to see where your money is going.
10) Follow the Awards Office on twitter
For more great tips like these follow us on twitter @CUAwards.