4 Money Saving Hacks for Uni Students

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Life as a university student can be tough. You have lectures, weekly readings, and the growing pile of assessments to finish. You also have to work to pay your bills and that monthly Netflix subscription to keep you sane. You want to treat yourself, but you simply don’t have the extra cash. If you’re looking for a way to stretch your dollar so you can enjoy your uni life, you’ve come to the right place.

Here are 4 money-saving hacks for every uni student:

Enjoy the student discounts

Your uni Student ID is one of the most powerful saving-money tools. You can drop your monthly phone bill by 10%. You can watch the latest movie at a discounted rate. You can even enjoy the best meal near your uni. All you have to do is have your Student ID with you, and wherever you go, don’t be afraid to ask if they offer student discounts. You can expect to save about $25 every month just by being a uni student.

Buy second-hand books

Brand new textbooks can range from $100 to $200 a pop. But you can buy a second-hand textbook for $35. All you have to do is join your university’s textbook Facebook group, so you can buy the textbook you need. When you’re done with them, you can sell your textbooks again.

Recycle Paper

Stop using a new sheet of paper every time you scribble your thoughts or do math calculations. While paper isn’t that expensive, the cost of using a new sheet of paper each time stacks up — no pun intended. If you’ve previously printed out an assessment and you’ve already got your marks back, consider using the back pages to write your notes or calculations instead (as long as you’re not submitting them for marking). This way, you not only save the planet; you also save your wallet!

Track your expenses.

Tracking your expenses is the key to saving money. By tracking your expenses, you can see what you’ve spent most on during the week and determine if those expenses were truly necessary. Did you really need that third cup of coffee? Did you need to take a cab instead of walking for 10 minutes? When you know where your money’s going, you can identify what to cut down and see how else you can enjoy your savings.

The easiest way to do this is by using Frollo – connect up your accounts and in a few minutes the app will automatically identify areas you can save.

It can be tough being a uni student – but if you follow these simple money-saving hacks, you can make your student dollars go further and have some money left over too.

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Frollo is a purpose-driven Australian FinTech on a quest to help people feel good about money. We’ve built the simplest way to help people get their finances on track – and through our business ecosystem, we’re supporting our enterprise clients to do the same for their customers.

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