Three good tips for student economics
Being a student can be tough on the economy. You are still young and you have the whole world ahead of you, and it costs money to experience things and have an interesting everyday life. A student's money often goes to a high rent, a cheap home insurance that is not really cheap and otherwise just living expenses. When you are a student, money is often only just and therefore it is important that you have good control of your finances. There are many good tips out there, and in this article you will be able to read about three good tips for you, students, on how to best get a healthy economy.
Set a budget - it provides a good overview
When it comes to setting a budget, it's all about being honest with oneself. You must have control over all your fixed income, fixed expenses and a comprehensive overview of the variable costs. The fixed income means all the income you get every single month - this applies to money from student jobs, housing subsidies, as well as the SU. Next, fixed expenses are the money you pay each month - including rent and insurance. The variable costs include cafe visits and cinema tours, all the fun if you have to put it up a bit.
When you know your budget you can quickly get an overview of what you are spending money on and where you can save - it is therefore a good advice to follow as a student, as it helps to put your finances in perspective.
Take advantage of the study discount
One of the things that students really have for themselves is the student discount. Most stores and experiences at home offer student discounts and this can significantly reduce your expenses. The study discount must be utilized as it often gives up to 20% on activities that make the study time the best time.
Put money aside
Saving money can be difficult in a tight economy. However, it is a scary idea as you do not know ALL your expenses in the future. It could be the studio computer crashing, the cell phone falling apart or something completely third that you depend on everyday and therefore need to have quickly replaced. It is better to be able to pay for yourself and not ask one's parents for financial help - unless it is absolutely critical. Therefore, it is a good idea to save money where even a little does a part.