Financial Intelligence: How To Save Money During College In Canada
As a college student, money can be tight. Tuition, books, housing, food – it all adds up quickly. Learning how to save and find deals is essential to make it through without going broke. Follow these tips to keep more cash in your wallet while getting your degree in Canada.
Create a Realistic Budget
The first step is knowing exactly where your money is going. Track your spending to see where you can cut back and allocate funds towards priorities. Build some wiggle room for unexpected expenses into your budget too. Review it monthly and adjust categories as needed.
Score Discounts with Your Student ID
Your student ID card is a savings goldmine! Flash it when making purchases to unlock student discounts on everything from movie tickets to phone plans. Many restaurants and retailers offer special rates for college students as well, so don’t be shy about asking.
Choose Used Over New
From furniture to cars to tech, you can save a bundle buying used instead of new. Check listings on Facebook Marketplace, Craigslist, Kijiji and consignment shops. With some hunting, you can furnish your place and kit out your life for a fraction of retail prices.
Work Part-Time While Studying
As an international student, you can work up to 20 hours during school terms in Canada. That part-time job will give your bank balance a healthy boost while gaining valuable work experience too. On breaks, you can ramp up hours. Tutor, wait tables, work retail – it all adds up.
Live With Roommates
Sharing housing cuts costs tremendously. Search sites like Places4Students to find roommates. Splitting rent and utilities with others saves you hundreds monthly over living alone. With the right roommates, it can be fun too!
With strategic spending and savvy saving, you can survive college in Canada without going into debt. Follow these money tips to keep your finances on track!
