Going to university for the first time can be really exciting and full of promises, but eventually reality smacks you on the face, and you find yourself struggling hard for funds. In my first year of university, managing my university budget was harder than studies. Other than receiving good grades, my goal was to make the most out of my budget and try saving up a few bucks.

Let me share with you some ways that helped me spend my first year in university without ending up broke at the end of the term:

  1. Don’t throw away your money buying new course materials:
    When I entered university, I knew I had limited funds, so my first concern was to look for a place where I could buy second hand notes and books for cheap. Luckily, I found what I was looking for. I was able to save a lot of money on my budget this way, because new notes and books were comparatively costly. Moreover, I always checked the library first before buying my course material. If I could borrow it, why buy it?
  2. Travel? Walk when you can and get a travel card:
    Away from home, first year student was about eating junk food. I was getting fatter and the money was getting thinner. So, I started going to places on foot when I could. Tables were turned – what was getting fat started to slim and vice versa.
    For longer routes, I got myself a travel card, which reduced my travel expenditures big time! You should look for a cheap bus or coach service too that only make you pay once.
  3. No, you do not need those gorgeous Louboutins:
    But your friend has those!! *Rolls eyes* Just remember this, “You are on student fund and your friend’s father might be a money making machine but your father isn’t.”
    Unless your father’s a duke, don’t waste away your money shopping things you can manage without!
  4. Don’t eat out:
    Well, I wasn’t a great cook, so I just went out for meals. But, I finally had to quit because apparently eating out was eating away my budget. I started cooking at home and freezing food in bulk, so that I could never say to myself, “Oh! I’m out of food! Let’s go out!” Also, I shook hands with reduced aisles in the supermarket. Gosh, was I able to save a crapload of money!
  5. You are not a baby anymore. Get up and work:
    This is the saddest part of all. You’ve grown up and you should take care of your needs on your own instead of running to papa for help! After 2 months in university, I started looking for different part-time jobs to be able to make some extra money, because ‘I realised my student loan wasn’t going to cover all my needs how careful I’ve been. So, don’t be a sloth – go find a job!
  6. Run towards discounts:
    To make the most out of your budget, it is necessary that you wait for discounts on clothing, toiletries, food items and other essential things. Now, don’t feel so smug! You aren’t a member of the Royal family, are you?