1. Don’t buy books you will only need for a short period of time - Rent such from friends or libraries
2. Limit number of times you eat out monthly
3. Walk or use public transportation instead of own vehicle
4. Shop with places offers discounts for students
5. Live with others so you can split rent and utilities.
6. Check for free music, movie, apps sites than purchasing any of these.
7. Pay all your bills on time to avoid late fees and penalties
8. Control the use of frequent mobile phone charging and identify possible discount packages.
9. Stop habits like smoking and drinking. This will save huge money
10. Avoid unhealthy soft drinks and fast foods and have lots of water. It is healthier.
11. Go to the classes than roaming here there. It will cost money sometime.
12. Avoid buying branded items. It will only cost than last.
Students need to open a savings account to park the balance money at the end of each months. This would earn interest as well as useful when an emergency occurred to you.
Benefits of Having a Savings Bank Account
- Financial Security: A savings account provides a safety net for unexpected expenses.
- Interest Earnings: Earn interest on your balance, allowing your money to grow over time.
- Emergency Fund: Access funds quickly in case of emergencies or unforeseen circumstances.
- Budgeting Aid: Helps in managing monthly finances and encourages responsible spending habits.
- Future Planning: Establishing financial discipline early sets the stage for long-term financial stability.
