By following the following simple tips, even a student like you can save up money.
1) Plan your future.
Do this before you start going to college if possible.
Avail the various scholarships or grants that you might be eligible for before taking up loans.
Draw a simple figure depicting cash flow like where your money comes from and how you spend. Find your sources of income.
Predict how much you will spend for the week and the month on necessities. Stick to it.
Set aside some cash as a backup for expenses that you might have least expected.Better safe than sorry.
2) Watch your dinner bill.
When you were with your parents, you might not have had an eye on how much you spend for your food. But now that you are on your own, don't eat at fast food eateries since they can burn a hole through your pocket. Pack and prepare your own food.
3) Use your ID cards to the fullest.
Student ID cards are given a lot of honor by various establishments who offer special discounts.
Look for shops with a loyalty program and shop there regularly to avail their loyalty bonuses.
4) Spend only what you earnIt is easier to keep a track of what you spend since you already have a list of items you want to buy. Dont use your debit/credit cards. Use your cash unless absolutely necessary since these cards can make you overspend.
5) Stay Busy: Stay occupied with something that keeps you going forward in life.
Join all local clubs that interest you.This not only give you a pastime, but may also teach you something new that may come in useful later on.
An idle mind is a devil's workshop. You are likely to waste your money when you dont have anything else to do. Good examples of this is cash wasted on snacks, movies etc.
The amount of cash you accumulate by just cutting down on luxury items will amaze you. Follow these instruction and fix a budget plan and save up for emergencies.