7 Money Saving Tricks You Need to Know

Money Saving Tips

It can be hard to save money or even pay all your bills on time, especially as a student. That’s why these 7 money saving tricks come in handy:

  1. Set a Budget

The only way to know what you can afford is to determine your budget. Add up all your expenses including your rent or mortgage, utilities, food, and gas. Leave yourself some wiggle room to enjoy the things you love. For example, if you’re a foodie, set aside some budget to try new recipes or restaurants. Next, add up all your sources of income. The difference between your expenses and income will show you what you have to work with each month.

  1. Apply for Financial Aid and Scholarships

It doesn’t hurt to apply for financial aid to determine if you qualify for assistance. There are also a variety of scholarships that might be available, so do your research to find those you can apply for. Consult a financial aid specialist to learn more.  

  1. Enroll in Loyalty Programs

Many businesses and retailers have loyalty programs that are free to join and offer exclusive discounts to their members. Next time you checkout, request to enroll!

  1. Enjoy Free Entertainment

Your local community might offer entertainment that you can enjoy for free. Especially during the warm summer months, there are probably lots of free outdoor concerts and sporting events you could attend.

  1. Use Your Student ID

Businesses know that students like you would like to enjoy the products and services they offer, but understand you’re on a tight budget! Sometimes they offer student discounts to cut you a break in hopes they’ll win you over for life.

  1. Check Out the Public Library

Your local public library not only has a wide collection of books, but also magazines, movies, and music that you can access for free. Skip the movie theater, corner Redbox, or the Netflix subscription and check out your favorite films or TV series at your local library.

  1. Stock Your Fridge

Buying breakfast, lunch, and dinner, in addition to a pricey daily coffee can really add up. Instead, stock your refrigerator with groceries so you’re not tempted to overspend. Pack your lunch and an assortment of snacks the night before to save you from rushing in the morning. Freeze extra groceries like fish and poultry so they don’t spoil as quickly.

If you’re dreaming about a career in the beauty industry, check out our blog for more money saving tips! Call 877-987-4247 to learn more about the Salon Success Academy family, the programs we offer, and how we can help you get started on the path to success.