One of the best ways to save money as a student is to live in off-campus housing. By living there, you can save transportation charges as well as utility charges.

1. Best Ways to Save Money As a
Student

2. Becoming a student comes with a lot of
freedom. However, if you’re not used to
managing your finances, this can be a difficult
adjustment. The likelihood is that you’ll only
be working part time (if at all), which means
you’ll need to be careful to save money.
Luckily, with a simple plan in place, you can
ensure that you never exceed your budget.

3. Spend Sensibly
It may be tempting to
purchase something that
catches your eye or
throw a few treats in the
shopping cart when out
grocery shopping.

4. Always think twice before you buy anything —
this includes eating out when you planned to
cook. For big purchases, wait a while before
buying or at least shop around to see if you
can find a better price.

5. Monitor Your Buying Habits
It’s impossible to know that you’re staying
within your budget if you fail to keep track of
purchases. Write down everything you pay to
see where your money is going. Then, you can
decide how much you can afford to designate
to each activity. In addition, make sure that
you frequently check how much you have in
the bank, just to confirm that you’re not
overspending.

6. Travel Cheaper
Whenever you can, walk or bike. It’s cheaper
and it gives you exercise. If you’ll need to
travel farther, see if public transport is an
option. You may be able to avoid bringing a
car to college entirely.

7. Buy Second-Hand Books
There’s no need to buy all your books new —
a better option is to purchase them from
former students. If you keep the books in
good condition, you can even sell them once
you graduate and regain what you spent.

8. Avoid Late Payment Charges
When any bills arrive, pay them immediately,
or at least as soon as possible. This will
prevent you from needing to pay late charges,
which often adds a large amount to the total.

9. Live Off Campus
You may be able to find significant cost savings
by searching for apartments near University of
Waterloo. Typically, you can pay less living off
campus, even when you add in the cost of
utilities.

10. A great option for high-quality yet affordable
Waterloo student living is King Street Towers.
It’s almost as close to University of Waterloo as
living on campus, but costs a fraction of the
price. Best of all, the apartments are all
inclusive, meaning you won’t need to worry
about budgeting for bills nor paying for a gym
membership.