Its so painful how many students gets stranded some few days after
getting some sort of support, work&study or allowance from source
like parents, sponsors,few work here and there. Most painful when we
don't even know how the money has suddenly disappear.
Don't look far, see few ways students waste money:
1. PAYING FOR SIMPLE REPAIRS
Basic
home appliance and electronics maintenance is something few students
learn, but students have to learn that calling an engineer to fix an
extension socket will take away some few bucks from our wallet.
Learn to make simple repairs
2. CABLE TV SUBSCRIPTION
Many
students don't see school as school and home as home. Some of us as
students need to know that we will have to miss some of our favorite
shows when we go back to school. Yes, thank God for some cheap cable TV
with cheap subscription packages but the fact still remains that the
monthly subscription gets few bucks from our pocket and still end up as a
distraction to our study.
Check your income before buying a cable TV
3. LEVERAGING ON POS EASY PURCHASE ACCESS
If
you always use your card to pay for things, it’s a lot easier to spend
more than you intend to because you aren’t seeing the money. You just
press some buttons and boom, purchase made.
You might not be so
liberal with your funds if you had to watch the cash leave your wallet.
Many of us smile as we make our online purchases but feel a bit surprise
when the bank send us our statement of account or SMS alert.
Make a scale of preference, always review your monthly income and expenditure
4. EXOTIC HOUSE
I
have seen students from average homes living in 2bedroom flat, fine if
you can afford it, but won't it sound reasonable to invest such money?
Some also spend so much on home accessories and pimping all in a bid to
impress others and finally end up getting stranded. Get a portable and
comfortable place.
5. TOYING WITH YOUR HEALTH
You think
it won’t happen to you, but it will. Many students don't take care of
themselves. Personal hygiene is very important, you really do need to
maintain your teeth’s health or you’ll be paying for dental work before
you graduate or later in life, and that can get painfully expensive.
Massive consumption of alcohol and junk food habits, and just not taking
proper care of yourself in general will all come back to bite you, no
matter how strong you think you are.
6. VISITING THE GROCERY STORE MORE THAN ONCE IN A WEEK
A
store is not a library! Many students visit the store more than the
library. Its not a bad idea to visit the grocery store but we have to
control the number of times we do so. If possible, we can make a list of
what is needed and stick to it. Because you run out of one or two items
is not an excuse to visit the grocery more than once a week. You don't
also need to buy everything that looks good in the grocery store.
Make a scale of preference
7. NOT TAKING ADVANTAGE OF DISCOUNTED WHOLESALE PRICE
This
is especially good money-saving advice if you’re a student. Student and
college discounts abound, they just might be hidden. Just because a
company or establishment doesn’t explicitly advertise student discounts
doesn’t mean they don’t have any; ask an employee, or, if you’re making a
purchase online, use a search engine to see if there are any student
discounts or programs you weren’t aware of. For students who school in
towns where the market days are observed on specific days e.g five days
market etc, you can take advantage of those market days to make your
purchases, by doing so you save some extra money in your wallet. It is
also good to make purchases in wholesale price.
8. MAKING BRAND BASED PURCHASING
Store
and generic brands have to be one of the most underused ways to save
money across a range of products. From food, to skincare, to
medicine. Check the labels; in most cases, the ingredients are pretty much identical, but you don’t have
to spend money on the big brand names.
Also,
if you have prescriptions, you can sometimes ask your pharmacist for
the generic version of your medications. They work just the same as the
brand name, and can save you quite a bit of
cash.
Its not a sin to buy other brands
9. DISORGANIZATION
Being
disorganized has cost you money at some point. Losing chargers and
cables, misplacing expensive jewelry, forgetting where you left your
keys and having to pay a locksmith to get into your house. If the mess
itself hasn’t motivated you to declutter and get organized, link back on
all the times you lost or misplaced something and ended up spending
money in some way because of it. Then think of how many of those times
you ended up finding the missing item later and realizing you spent that
money for nothing. Yeah, I thought that
might get your attention.
Can you please add to the list?
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