Money Saving Tips

8 Ways I Saved Money As A University Student

ways I saved money as a university studentWhen I attended university I lived on a tight budget.  Here are just a few of the things that I did to help me save money while studying:

1. I lived with roommates to share the rent and utility costs.  Four of us girls all lived in a house and the rent was less than $200 each.  Splitting the utility bills 4 ways made it a lot easier on the budget.

2.  I did a lot of tutoring and then got a part time job that worked with my school schedule.  Tutoring is great because when you are your own boss you can pick and choose when you work.

3. I took a bus rather than buying a car.  Rather than spending money on gas, car maintenance, and insurance, I took advantage of the student rate for a monthly bus pass.  Whenever possible, I also rode my bicycle or walked.

4. I packed my own lunches rather than buying food at the university cafeterias and shops.  I also brought along snacks so I wouldn’t be tempted to buy junk food from the expensive vending machines.

5.  For my English literature classes, rather than buying all of the required novels, I borrowed some of them from the library.  Whenever possible I bought used textbooks from other students or from the Archive bookstore on campus.  I also took as many full year classes as I could because it reduced the amount of textbooks I would have to purchase.

6.  I informed my bank that I was a student and got great discounts, paying very few fees.   I also took advantage of other student discounts at retail stores, etc.  Students get a lot of great deals!

7.  When we first moved into the house we were renting, we had almost no furniture.  We went to a few yard sales and it didn’t take a lot of money to furnish our home.  I still have the rocking chair I bought at a yard sale for $10!

8.  I reused my binders and other supplies every year rather than buying new ones.

General

6 Little Spending Mistakes That Can Cost You Your Financial Freedom

Can’t seem to get ahead financially? Debts piling up? Maybe you’re making some of these mistakes unknowingly. These mistakes listed below will help you understand where you may be going wrong and how to get back on track quickly. You can be debt free.

Mistake 1. Living Beyond Your Means

This is the real cause of your worry and stress. If you are spending more than you are earning, whose money are you spending? It’s the credit card provider’s or the bank’s. The cost of this money is interest.

The way out – Make a Commitment to yourself only to spend within your income limits. Maybe you could increase your income (or cash in) by applying for more skilled positions, selling some of your unused articles or assets. Is the second car really a necessity? What about working out ways to make your hobby pay for itself?

Why not find ways to reduce your spending? How much would you save each year if you decided not to have the daily coffee shop coffee? Why not make your work lunch each day rather than buying it? Commit to only buying the necessities.

Mistake 2. Paying Off Less Than the Full Credit Card Balance Each Month

Get this debt under control and your life will be much easier. If you are like many others and only pay the minimum balance each month, the interest on the interest makes those purchases oh so expensive.

The way out – Find ways to put aside more money to apply to the credit cards. It will take time to reach this goal. However, if you don’t make a start now you may never pay them off. This situation did not occur overnight and neither will the solution. But, by diligence and commitment you’ll get there.

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Investing

5 Quick Investment Tips

Below are some quick investment tips to keep in mind before pursuing any type of investment.  While investing your money is definitely a good idea, it’s important to make sure you are doing your due diligence prior to making any decisions.

1.  Before making any hasty investment decisions, be sure to get professional advice from someone you trust that is completely independent of the investment opportunity.

2.   Make sure to check the credentials of the investment company before dealing with them.

3.  Understand that investments involve an element of risk and cannot guarantee a return.  If the companies tell you otherwise, be very wary.

4.  Don’t sign up for anything immediately and don’t let anyone pressure you to make quick decisions. If the investment is legitimate they will have no problem letting you do your due diligence before committing to anything.

5.  Check out the past performance of the investments and if it is unavailable find out why.

Book Reviews

Shameless Shortcuts – A Great Book of Ideas to Save You Money & Time

read Shameless Shortcuts - it will save you time and moneyShameless Shortcuts: 1,027 Tips and Techniques That Help You Save Time, Save Money, and Save Work Every Day! Edited by Fern Marshall Bradley and the Editors of Yankee Magazine

Most of us don’t have a lot of extra time and money to waste, so when I heard about Shameless Shortcuts I decided to check it out.  I am totally impressed with this book!  It’s divided into 18 chapters each discussing a different theme. 

 

Examples of some themes include:

“Shop Smart, Shop Fast” , “Don’t Forget To Exercise”, “Going Places Without Going Crazy”, “Managing the Morning Madness”, “Great Garden Shortcuts”, and “Hassle-Free Holidays All Year Round”.

As you can see from some of the chapter titles above, the book discusses a wide range of topics compiled by experts from various fields.  There are some great tips for getting exercise, for cooking quick and healthy meals, for yard work and landscaping, and much more.  It’s a must-read for anyone looking for ways to save time and money.

Here are just a few tips in this book to get you started:

-When shopping at a garage sale, don’t act disinterested or you won’t get the best price, because the seller won’t know that you might be receptive to a better offer than the listed price.  Just tell the vendor what you are looking for and if they don’t have it they may be able to steer you towards someone who does.

-If you are sick and tired of having to remove snow from your vehicle windshield, all you need to do is drape a heavy-duty garbage bag over your entire windshield and hold it in place by closing the front doors on the edges.  If you do this before every forecasted snowstorm you will never have to brush off your windshield again.

-Spray your dog’s paws with cooking spray before taking your dog for a walk in the ice and snow.  It will provide a protective coating and keep snow and ice from accumulating between the toes.

Health & Beauty

Use an Electric Toothbrush – Lower Your Dentist Bills!

use an electric toothbrushWant to save on dentist bills by keeping your teeth healthy?  Use an electric toothbrush!  If you hate going to the dentist as much as I do, you will consider it.  I recently started to use one and I can really feel the difference.  After I brush, my teeth feel extremely clean.  It took me a while to be convinced.  After a recent visit to the dentist and a “small procedure”, I was willing to try anything!  My husband has been using one for over a year now and he bought me one but I stubbornly continued to use the old-fashioned kind, until now!

Electric toothbrushes cost from $20 to $30 and the replaceable tops can add up.  I recommend buying the toothbrush tops bulk at Costco or at another wholesale store because they are a lot cheaper than if you buy them in small quantities at drug stores.  All in all, I consider electric toothbrushes to be a small investment in promoting good health that can save you tons of money in the long run.  

Although there is some controversy over whether or not electric toothbrushes really do work better than manual ones, a review of 21 studies over the past 37 years found less dental plaque and gum disease in people who used electric toothbrushes. 

I use Oral-B Vitality and it has a built in timer that lets me know when I’ve brushed for 2 minutes.   I prefer the small circular brush heads over the larger, more bulky ones.  I find they work better for me. Don’t be stubborn like me and refuse to try one out.  Although they may seem expensive at first, you will likely end up spending less on dentist bills so the investment is well worth it.