General Discussion : Money Saving Tips for Students

In this post we will discuss on a very common but often neglected topic; that engineering students usually spend more money than they need to. If you note down all of your expenses per month you will find that how much money you actually waste. Here we are giving a list of various ways in which you can prevent needless expenses that a common student does, their advantages and disadvantages.


Don't buy books
You don't need to buy any books because you can always get your study materials through library or by photo copying from your friends. Thats way too much cheaper then buying costlier books. Don't even buy second hand books because that will also cost considerable amount of money.
Advantages : You will have to spend less money on books, also the books will not be of that much use to you after the end of the semester.


Don't buy branded clothes
Branded clothes are very expensive, they can easily burn out a good amount of your cash. So to save money buy cheap clothes which are available in the same style as the branded ones.
Advantages : You can buy a lot more clothes in the same amount that you spend for branded clothes, you can also buy new clothes more often than normal.
Disadvantages : you may look less trendy when being with people wearing branded clothes.


Find a vehicle partner
Students have to spend a lot of money in travelling. So its better to have a vehicle partner, you can offer to share the fuel expenses or maybe you woulld'nt have to pay anything at all.
Advantages : Less money to spend on travelling.


Live with roommates
If you are living outside of hostel then its better to share the rent with friends or roommates.
Advantages : Less money to spend on rent and have company of friends 24/7.


Don't smoke and drink
Smoking can burn out a lot of money as also can drinking. So its better not to smoke and drink alcohol at all.
Advantages : Save money and stay in good health.
Disadvantages : Damage your health in a way that will adversely affect your life greatly.

Don't have any boyfriend/girlfriend
You will have to spend a great amount of money on your relationship(more for guys). So to save money its better not to have any relationship at all.
Advantage : You will save money and will have more time for yourself.
Disadvantage : You will miss the fun of having a boyfriend/girlfriend, and the chance of having a long term good relationship.


Don't get backlogs
Try to pass all the exams and do not get any backlogs, because you will have to spend money on re-evaluation forms and backlog exam forms.
Advantages : The obvious advantage is that you will be pass the exams which is why you are in college.


Follow college rules
Follow all the college rules and don't break any rule so as not to give any fine to the college. Many colleges take fine for breaking of various rules so why give them any chance to take money from you!


Cheap birthday treats
Give your birthday treats at cheap places and invite less friends, you will save a great deal of money by doing this.
Advantage : Save a good amount of money.
Disadvantage : Risk your social life and chance of not being called at good parties of your friends.


Don't lend money
Don't ever lend money to anyone including friends. Friends usually take a long time to return money and in many cases don't return money at all.
Advantage : Save money by not lending money to anyone.
Disadvantage : Many times you will have to help your friends financially, so save money and lose a good friend.


The above money saving tips are provided for the sole intention of saving your money and not for the destruction of your social life, many of you will even find them funny but hey, you can save money by following them.