Life in campus is simply great if you happen to have that cash that can buy an ‘island’,leave alone HELB we have superlucky students who have jobs by their second majority may not be that lucky to have jobs but no matter where you are in your financial journey you need to why we have come up with these 10 concrete solutions on your money:
.Move bank accounts to take advantage of perks and earn more interest
If you’re paying a monthly fee for your checking or savings account, you would benefit from researching some of newest banking offers out there. Not only do some banks offer sign-up bonuses simply for opening an account and setting up direct deposit, but some offer attractive interest rates to new customers as well.
.Give up expensive habits
Ditch the cigarettes, illicit drugs, and excessive 30-racks of beer. This stuff is not only a detriment to human health, but it’s a huge money waster. Need convincing? The average smoker spends more than $2,000 on cigarettes every year.
.Sign up for every free customer rewards program you can.
No matter where you live, you’ll find plenty of retailers who are willing to reward you for shopping at their store. Here’s the basic game plan for maximizing these programs: create a Gmail or Yahoo address just for these mailings, collect every card you can, and then check that account for extra coupons whenever you’re ready to shop.
.Leave your wallet at home or office.
Going for a walk? Leave your wallet when you head out so you won’t be tempted to grab coffee or go on a mini shopping trip.
.Master the 30-day rule.
Avoiding instant gratification is one of the most important rules of personal finance, and waiting 30 days to decide on a purchase is an excellent way to implement that rule.
Quite often, after a month has passed, you’ll find that the urge to buy has passed as well, and you’ll have saved yourself some money simply by waiting. If you’re on the fence about a purchase anyway, waiting a while can give you a better perspective on whether it’s truly worth the money.
.Write a list before you go shopping – and stick to it.
One of the easiest ways to save money is to only shop when you have a list. Because when you’re without one, you typically end up making impulse buys and unplanned purchases – all things that cost money.Creating a list before you go to the grocery store is especially important. Not only can it help you buy items that fit with your meal plan, but it can also help you avoid buying food you might waste. Always create a list and, more importantly, stick to it
.Drink more water.
Not only does drinking plenty of water have great health benefits — it has financial benefits, too. Drink a big glass of water before each meal in order to stay fuller longer and ultimately eat less. Not only will you save on the food bill, but you’ll also feel better after you become properly hydrated.
Even better, drinking more water — whether in a refillable bottle or at restaurants — means spending less money on beverages like soda, juice, and tea. Remember: Tap water is not only just as clean as bottled water, it’s also free.
.Swap books, music, and DVDs on the Internet or at the library.
You can very easily swap the books, CDs, and DVDs you’ve grown bored with online. Just clean out your media collection, and trade them with others online using sites like PaperBackSwap. If you live near a library that loans DVDs in addition to books, you’ll be even better off. The more you can borrow and barter with others, the more money you’ll save over time.
.Buy quality appliances that will last.
It’s worth the time to do a bit of research when you buy a new appliance. A reliable, energy-efficient washer and dryer might cost you quite a bit now, but if it continually saves you energy and lasts for 15 years instead of five, you’ll save significant money in the long run.
When you need to buy an appliance, do research: Start with back issues of Consumer Reports at the library. An hour’s worth of research can easily save you hundreds of dollar
.Shop in bulk
Buy your favorite items—from beans to beets to seeds to grains—in bulk. Just don’t stock up for a fall-out shelter—make sure you use up what you have before bulk-buying again. (Make sure to check the unit price first to see if the prices are truly less expensive than the pre-packaged versions.).
.Brown bag your lunch.
Instead of going out to eat at work, take your own lunch — if not every day, then at least a couple of times a week. With some thoughtful preparation and just a few minutes of time, you can create something quite enjoyable for your brown bag lunch – and save a fistful of cash each time you do. Your co-workers may not understand your desire to save money, but that’s their problem.
Do you know of any saving strategies that we left out? feel free to share with us below!