Its great to hear youngsters talking about saving. College days are the best days of your life where you get so many new experiences and memories that will accompany you throughout your life. Here, are 7 money saving tips by which you can start saving even in your college:
Also,the foremost investment you can make now is towards your EDUCATION and LEARNING,the knowledge you gain today will accompany you forever and help you attain your dreams smoothly. Build a good career for yourself in order to achieve your personal and financial goals in an easy way. Follow your interests and plan your goals wisely. Bonus TipsTrack Your Spending Your goal is to spend no more than your free-to-spend number above. To do that, you need to know how much you’re spending day in and day out. You can do this by adding up your transactions from your bank accounts and credit cards every day in a spreadsheet. Go out on student nights. A lot of cafes and evening hang out joints regularly organize student nights and evenings – with attractive offers on food and drinks. Ensure that you are aware of such evenings and try going out only then to have fun at reduced prices. Cook your own food. Cooking your own food has dual benefits of cutting down on expenses, as well as letting you eat healthy home cooked meals. Buy Ramen and mac n' cheese all the time and eat it. Write down your budget on paper and how much you want to invest and save every month. If you write down, as oppose to type down, your goals, you are more likely to f eel obligated to stick to it. Humans are indeed irrational beings! Treat yourself if you have the means, but find cheaper ways to treat yourself. The internet is full of resources these days.
Take business class flights and holidays. On the British Airways official website, there are plenty of deals for European Holidays including business class for 200-500 return including hotel, and `Club World` for 500-2000 return. That is just one example. But if you book ahead, you can get great deals. Why pay 5,000 for a business class holiday if you can pay much less? Set up a direct debit into your investment account if that is possible. If you are paid on the 1st of every month, make the direct debit on the 2nd. That will force discipline.
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Photos used under Creative Commons from 401(K) 2013, Glen Bledsoe