Let's save some money!

The best ways to save money as a student

Do you often have a piece of month left over at the end of your money? I know that feeling… It’s annoying, but time to start saving up! These tips will help you get started, so you will have money for tht dream trip in no time.

Let’s start with some general advice: 

Be fully convinced of your decision

It's all about the mindset. When you start saving, it’s super important that you ACTUALLY want to. It will be much easier to curb your spending and put money aside if you are fully convinced. Reminding yourself you want this and saving money is important to you will help cut down on impulse buying. You don’t need another black shirt or a very expensive chocolate bar for dessert: you would rather have the cold hard cash.

Plan your meals

Oldest trick in the book: planning your meals. By thinking about what you’re going to eat in advance it will be MUCH easier to shop for groceries. You won’t spend any extra time deciding what to cook and you’ll be way less likely to overbuy, overspend and waste food. You’ll also be less tempted to grab a quick, but overpriced meal or snack because (in the immortal words of every mom all over the world) you have food at home!

Bring your own

A froofy coffee drink before class, lunch from the cute café next door, a quick snack for during class: super delicious, but also super expensive. Bringing your own food and drinks is much more economical (and often sustainable). Also see: everything I just mentioned for the previous point.

Use cash

When you go shopping with your debit card, you’ll be much more likely to impulse buy and spend more than you were planning to. You don’t have a clear view of how much your spending. If you switch over to cash it’ll be much easier to stick to a budget and not overspend. Want to take it to the next level? Set an amount for every week or even month and take that out in cash.

And here are some more tips:

  • Deposit a set amount of money into your savings account every month, even if it’s small, every little bit helps.
  • Make the most of your pre-game and have a couple of drinks at a friend’s house before you go out (don’t overdo it though, you still want to make it to the bar).
  • Have leftovers, but not enough for a second dinner? Eat it for lunch!
  • Don’t max out your student loans if it’s not necessary.
  • Buy discounted products with a quick expiry date if you are planning to eat it today anyway.
  • Sell your stuff online: this way you can turn cleaning your room into a profitable experience!
  • Eat before you go to the grocery store. Believe me. Just do it.
  • Look into discount memberships like the ISIC card (which gives you 40.000 student discounts across the world).
  • Make sure to do your income taxes! If you have a student job, usually you’ll get some money back.
  • At HEMA you can get 25% off fresh products the hour before closing time. Perfect for if you need bread or a sweet snack!
  • Share costs with roommates. Cook together and split grocery money, use one Netflix account or register for a family account on Spotify.
  • Keep an eye on deals, but don’t let yourself be tempted by cheap things you don’t need at all.
  • Want to travel? Check out the flexible student tickets from KILROY.
  • Go through all of your memberships and cancel the ones you don’t use, even if you like it or think you might use it in the future.
  • Don’t be shy: tell your friends and family you are trying to save some money. They can help keep you accountable and will be more accepting when you propose cheaper activities instead of lavish brunches or shopping trips.

I hope these tips will help you save some money. What’s your favorite tip?