Frugal Ways To Stretch Your Dollar And Still Have A Great Time In School | ISIC New Zealand

Living frugally is a challenge that many feel they cannot surmount. However, by planning your activities and working with a strict budget, you can stretch your money and enjoy student life.

NZ Blog Article Image 600 x 350px Frugal Ways To Stretch Your Dollar

Students typically live on a budget, and depending on the area in New Zealand, will require at least $282-$334 a week to survive. Finding ways to stretch your money is, therefore, a major challenge, and might seem impossible if you want to hang out with friends, party, and still eat or pay your rent and tuition. The good news is that by budgeting and planning your expenses, it is still possible to have fun in college.

Food, Shelter And Utilities Are Top Priorities

If you’re living away from home, rent will be your biggest expense. Food comes in second, and utilities are also recurring expenses. Although these are basic needs, there are still ways to save on these costs. Save on rent by getting a roommate, and sub-let your space if you are going away.

Food shopping should be strictly limited to what you can eat to avoid wastage. Learning to cook allows you to diversify your meals, and learn new skills in the process. Invite friends for a cookout or pot luck instead of spending money at a restaurant, and share recipes you can use in the future.

You can also bring your own lunches and reusable water bottles to school or workplace. Doing so benefits both your pockets and your health. In addition, you are helping the environment because food that is bought from convenience stores comes in materials that are difficult to recycle, such as plastic, Styrofoam and cling film. 

Other Ways To Live On A Budget

Transportation is another expense where you can cut corners. Buy a discounted bus pass or invest in a used bicycle. Purchase secondhand clothes at an op shop, and make use of barter forums on social media groups to exchange things that you no longer need.

Don’t forget to use your student discount card for everything you can, whether you’re paying for movie tickets or a meal. For recreation, make your own funny videos, listen to podcasts, watch out for free concerts and student events, head to pubs only during happy hours, or borrow films from the library instead of paying for subscription. There are also free weekly newspapers that you can read. 

Finally, the best way to supplement your budget is to get a part-time job. Become a resident adviser, tutor or research assistant if you are living on campus. It will keep you occupied, and you're likely to spend less money. Online gigs are also plentiful, and you only need an internet connection and a computer to get going. 

Living frugally is a challenge that many feel they cannot surmount. However, by planning your activities and working with a strict budget, you can stretch your money and enjoy student life.

 

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Student life
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isic , money , student , tips
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Author: Jennifer Dawson

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