Here are some tips on how you can save money as a student:
1. Plan ahead.
If possible, do this even before you move into your dorm room.Check if you are eligible for scholarships and other grants before signing up for any form of student loan.
Construct a cash flow. First, where do you expect to get money from? Make a list of your income, be it from your parents, your student loan or your part-time job.
Then forecast your expected monthly or weekly expenses for food, books, etc. Once you have set aside a budget, be strict with yourself and stick to it.
You will never know what unexpected expenses would come your way so it is better to have a downfall for financial emergencies.
2. Save on food.
One of the major expenses that you have as a student which you might have ignored when you were still living with your parents is your food allowance. Avoid eating at fast food outlets, as this is most likely to ruin your budget. Pack your lunch and plan your meals as much as you can.
3. Take full advantage of student discounts.
Those ID's in your wallet are not just for show.Student ID's and memberships in organizations are honored in several establishments which offer discounts.
Also, patronize a certain establishment regularly and you are bound to get bonus cards for being a loyal customer.
4. Use your cash as much as you can.
Since you already have a draft of the items where you will spend your money, it is easier to monitor your cash flow. Avoid using your debit card when you have cash with you. Use your credit cards or write checks only in emergencies. Having debit cards, credit cards and checks handy might lead you to overspend.
5. Keep yourself busy.
Join clubs according to your field of interest.Keeping busy will let your mind wander and help you stay away from things that you are likely to spend money on when you get bored. Examples of these are snacks, movie tickets or game rentals.
You will be surprised at the amount of money that you will actually save by spending less on luxury items, following your budget plan and saving for financial emergencies that you are most likely to get as a college student.
Exam Tips For Students
1. Make sure you have a signed, valid passport and visas, if required. Also, before you go, fill in the emergency information page of your passport! Make color copies of your passport and visa information and carry a copy with you at all times. This way you can secure your passport in your hotel room safe.
2. Read the Consular Information Sheets (and Public Announcements or Travel Warnings, if applicable) for the countries you plan to visit. You can easily find them at the U.S. state department travel web site. Register your trip online at the same web site.
3. Leave copies of your itinerary, passport data page and visas with family or friends at home, so that you can be contacted in case of an emergency. Keep your host program informed of your whereabouts.
4. Make sure you have insurance that will cover your emergency medical needs (including medical evacuation) while you are overseas. If you bring any medication with you, ensure that you have copies of your prescriptions.
5. Familiarize yourself with local laws and customs of the countries to which you are traveling. Remember, while in a foreign country, you are subject to its laws! You will not be in Kansas anymore. What is legal in one country may not be in another. Do your homework before you go.
6. Do not leave your luggage unattended in public areas and never accept packages from strangers. Thieves and possible drug smugglers may target you. Be observant and report anything suspicious.
7. While abroad, avoid using illicit drugs or drinking excessive amounts of alcoholic beverages, and associating with people who do. Possession of small amounts of marijuana may be a misdemeanor in your home town, but may be a Class I felony in another country. Instead of a small fine, you may be looking at 10 ? 20 years in a foreign prison. Don't even consider doing drugs in a foreign country.
8. Do not become a target for thieves by wearing conspicuous clothing and expensive jewelry and do not carry excessive amounts of cash or unnecessary credit cards. Dress plain and simple with nondescript shirts and jeans.
9. Deal only with authorized agents when you exchange money to avoid violating local laws. Currency exchanges and banks are your best choices. Money changers on the streets or back alleys may be illegal.
10. When overseas, avoid demonstrations and other situations that may become unruly or where anti-American sentiments may be expressed. Avoid government buildings and embassies unless you absolutely have to go. Registering with the state department travel website will provide the embassy a way to contact you in country either by phone or email.
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