Are you always strapped for cash as a student?
You might be looking for a way to lighten the load on your wallet.
We have the answer you need with these great tips and tricks.
Get A 0% Interest Overdraft
Banks love to tempt students with free stuff and 0% interest overdrafts. The bank does this to get students to sign with them, in the hopes that you will stay with them for years to come after you have finished studying.
Choose the biggest 0% interest overdraft possible. Most students are going to need an overdraft, so make sure you aren’t paying for it. Go for the choice that is the largest amount for the longest period of time. How much you get will depend on your circumstances, so look around before committing to one.
The rule that you must remember about an overdraft though is that you must not go over the agreed limit. If you do, you are going to be facing massive charges, and they stack up quickly.
This goes for all overdrafts, not just student ones. However, it’s especially important to know when you are a student.
Don’t base your choice on the branch that is closest to you either. Examine the offers online, as well as the ones that are being offered in store.
Remember you can withdraw from any cash machine, so location doesn’t need to factor in.
Do keep in mind though that the bank is going to look at your credit score. You are not going to be automatically accepted without the bank running a credit check on you. This is just something to keep in mind.
If you know your credit rating isn’t the best, apply anyway because you never know who will be willing to take a chance.
Turn Old Tech Into Cash
You probably have a lot of tech lying around your college dorm room. Some tech is still going to be useful to you. The rest is junk. It’s clogging up your desk drawers and it’s stuffed under your bed. You could have a laptop that is too slow to provide the solution you need.
Perhaps you have an old iPhone from Apple that is out of date. Did you know you can sell phones like this for cash? You can and that means that you’ll immediately free up capital. You can spend this money however you want and perhaps invest in some new tech.
All You Can Eat
You will always be hungry when you’re a student. Lectures and course work can take a lot out of you. Save cash with a simple solution and find an all you can eat restaurant. You can easily fill yourself up for the whole day if you choose wisely here.
Don’t Buy New Books
Never buy books brand new. This is a complete waste of money and resources. Check online and there will always be second-hand books available. These sell for lower prices so you can save your cash and spend it elsewhere. You just need to check that the books are in date and relevant to your course. Check with your professor if you are unsure if a book is going to match your needs.
You can also use online resources and avoid buying hardcopies of texts. Digital books are always far cheaper. You might think that books aren’t going to add that much to your costs. Textbooks for college can cost you an absolute fortune at the start of the year.
other valuable tips:
Find The Cheapest Utility Provider
When you move out of your parent’s house, you are going to have to start paying utilities. This can be part of your rent. However, if you are not living in a property like this, you need to find the cheapest option. Look online and find out what the company will offer you the best rate.
You can ask your landlord for their recommendation as they should have a good idea about rates in the area. There are also plenty of sites that help you to compare price options so make good use of these.
Remember to think about your electricity, gas, and water when you are searching. Don’t miss anything out or else you might end up paying more than you should be.
You should now have a good idea as to how you can take the pressure off your wallet as a student. This list is not extensive and there are plenty of other things you can do!
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