Saving Money – The Ethical Way

It’s tough being a student, no really it is!  The perception of living the high life, lounging around all day drinking beer and occasionally attending the odd lecture is alas outdated.  Today a student has a lot of pressure on their shoulders, it comes from many sources – academic, socially and perhaps worst of all financially.

Unless you are lucky enough to come from a very rich family, chances are that both you and your parents are making significant sacrifices to put you through college.  It has always been the case of course, but in the current economic climate it is imperative that your college experience pays dividends.

So as a student it is essential that you minimize those expenses.  Of course there’s many that you have no control of but it is possible to live quite frugally and still have a good time.  For those who are concerned about the environment then a lifestyle that is based less on consumption and more about how you can reduce, reuse and recycle will cost you and the planet a lot less.

Think about what you buy and what you consume.  Paying for that coffee and sandwich every day may seem essential to get you through those lectures.  However a flask of coffee and a prepared snack will be much cheaper and won’t involve plastic packaging.  Small savings on things you buy regularly have a huge impact on your overall expenditure.

Try and focus on essential items, look for ‘green’ alternatives they will nearly always be cheaper.  I used to spend a fortune on printer cartridges for my printer.  One day a friend told me that you can buy a kit that allows you to refill toner cartridges – works a treat and saves about 80% of my printing costs.

Use the internet, there are many resources you can use online to save you money.  Obviously you shouldn’t go downloading pirated films and games but there’s lots of legitimate entertainment available for free.  For instance if you live outside the UK  check out this web post here about how to watch BBC Iplayer abroad – http://dotslash.hubpages.com/hub/Watching-BBC-IPlayer-Abroad, it’s dead easy to do and loads of entertainment available every single night.

Buy in bulk – a girl I knew at college suddenly realised that she was buying an awful lot of potatoes to eat every week.  She decided to ask a local farmer for a price for a few huge bags that would last her the entire term  The savings were huge, she ate well all term for about 25% of the cost previously.

Of course college is also about having fun and socializing – so you can’t spend the entire time penny pinching. But saving money where you can will allow you more freedom in other areas and reduce your debt when you do graduate.

Further Reading: https://www.cedps.net/bbc-start-blocking-vpn-access-from-abroad/

Be Aware Of Student Loans-They Could Spell Trouble!

Many budding young scholars are often keen on getting themselves student loans to put themselves through school.  While there are many people who simply have no other choice but to get student loans, there are many who could go through school without getting stuck in debt.  Because that is precisely what a student loan means, you will be stuck in debt.  What makes student loans even worse is that they are akin to a bad tattoo; there is simply no way to get rid of them other than paying them in full.

Most people will instantly think well “I’m going to pay it off in full, when I get my nice plush high paying job”.  However the stark reality of today’s economy is that it’s no guarantee to get a job upon graduating, even if you have an advanced degree.  Millions of American college grads wind up with no job and huge bills with no way to pay them off.  And there is no debt relief program that can help to alleviate the student loan debt and neither can it be discharged through bankruptcy. So heed the warning and if there is any way to put yourself through school without getting a loan please do so, it’s for your own good.