5 Ways to Stretch your Student Loan Further
July 13th, 2017 by Felicity Bradstock
We all know being a college student means studying, trying out new activities, exploring local culture, partying, basically saying yes to everything offered, right? But how is it that everyone seems to have to money to say yes to everything? These simple 5 steps will help you to stretch your student loan further without having to turn down all the amazing opportunities surrounding you.
- Join Facebook groups – what you have to understand is that you’re not the only one. If you’re feeling the pressure to get involved but don’t have the money to spend then thousands of other students are feeling the same way!
A great way to meet like-minded people, learn about local and free events, and explore some alternative options to those being offered on campus, is to join a Facebook group. There is a wide array of groups from the Harry Potter appreciation society or the birdwatching club, to class and college based groups. Each of these groups will have students sharing ideas, events, and generally seeking to socialize in a student-based environment. The great thing about Facebook is that you can see public groups and events, you can follow stories, share ideas, put ‘interested’ in an event without having to pay or attend, just to scope out your options. Additionally, you can join private groups that are full of other students in the area, many with similar student budgets.
- Shop smart – if your main restriction to getting involved in student activities is your budget, then be smart in other areas of your student life, like shopping.
- Never go shopping when you’re hungry! This is a sure way to give into your cravings and head straight to the Oreo section. (This will also help if you’re trying to balance being a student with maintaining a healthy lifestyle!)
- Make a list and try to shop once a week – to avoid impulse buys and make sure you have a plan for food throughout the week. It will help you to avoid ordering last minute take-out.
- Don’t eat out! Ok, maybe now and again after a long day in classes when you just don’t want to cook, but try to avoid it by buying food that you can prepare quickly and easily for those times.
- Go generic – do you really need those Lays chips and Coca Cola? Maybe you do need the occasional treat, but for the most part why not try the generic alternatives and test the water?
- Finally, check out the reduced sections, learn the times that stock is reduced each day and make use of your freezer! You can get some incredible deals on meat, fish and other expensive items if you watch these zones.
- Avoid buying all the memberships before you decide what you really want.
In a world of sports and societies it might be tempting to join them all, with the best intention of attending every soccer practice, film society showing, hiking trip etc. However, once the semester kicks into gear and you’re attending classes, studying, socializing, working out or whatever your routine happens to be, it’s unlikely you’ll be able to keep up with all those societies. Sample as many options as possible for free over the first couple of weeks of semester to see what fits best. And remember, spending time outdoors is a great way to get some free exercise!
- Student discounts – one of the best perks of being a student, and something I promise you’ll sorely miss once it’s gone, is student discount.
Just by having your student ID card you’re ahead of the game and can access a wide number of student discounts from shopping to activities. Big companies are all jumping on the promotional bandwagon including, Amazon, Sam’s Club, Greyhound, STA Travel and Verizon. Student discounts are also a fantastic way to support your education with companies such as Apple and Microsoft offering discounts on laptops and other technology. For events and shopping simply search online for student discounts in your local area or check out UNiDAYS for national offers.
- Don’t overspend on educational items. Ultimately you’re at college to learn, however, having a brand-new version of every book on the syllabus for each class simply isn’t necessary.
Firstly, many students before you have made this mistake. That means there is a whole bunch of second-hand (barely touched) books waiting for you to snap them up for half the price. Also try Amazon if you can’t find what you’re looking for on campus. For some books, you might only need to read one chapter and will then cast it aside. Approach your professors, ask what books are vital to buy and what you can find online or photocopy in the library. Finally, think about alternative options such as Amazon’s Kindle Unlimited program if you’re likely to need quick access to a number of resources.
If you think that college life might be for you, just take a look at the wide variety of student loans being offered to support your experience. And remember, college is not only about getting an education but about gaining life experience, so use these tips to go out and get involved!