November 13, 2013

How To: Survive Financially as a University Student – Part 2

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Written by: Recultured Team
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Being a university student, the idea of saving money is nothing of a new concept. As consumers, we all spend money, and there’s no way around it. Despite this, every student has the ability to be a savvy consumer by knowing where to shop, and develop habits which will save a lot of money in the long run.

There is a difference between being cheap and smart, and with these helpful tips hopefully you can grow your own knowledge in how to spend your money accordingly without experiencing major wallet pains.

Tip 1 – Don’t need a coffee? Then don’t get one!

Photo Credit: Realeconomicimpact

Photo Credit: Realeconomicimpact

The whole concept of “I need a coffee or I can’t function!” is becoming such an accustomed occurrence in today’s society. Sure, we have days when we desperately need a coffee to start off our day, but the need to spend $2-4 on a daily basis while trying to “save” money doesn’t make any sense whatsoever. We hear commercials on the radio all the time marketing the concept of “for just a coffee a day you can drive off with a new car!!”, so why don’t we as consumers apply that to our bank accounts?

If you’re one of these individuals who can’t survive without the stuff then there’s no harm in making your own coffee at home; there at least you can make it just the way you like it. Saving money doesn’t happen overnight, like anything in life, taking baby steps is the first phase of big chances to come, so give this concept a try! You’ll probably be surprised how much money you have left over to buy to those new shoes you’ve been eyeing.


Tip 2 – Take advantage of being a student

Photo Credit: Surrey Sports and Leisure

Photo Credit: Surrey Sports and Leisure

Being a student has its perks, perks that most individuals in university don’t even know about. By being informed and doing your research, you can save BIG in these areas and here are just a few examples:

  •  Ski and Snowboard Season Passes

Being one of the executives of the Ski & Snowboard Club at Simon Fraser University, the number of deals available to our students is unbelievable! Mountain resorts like Cypress, Seymour and even Whistler know students are usually on a budget, but at the same time still know they want to go out and enjoy their youth years. Most of these resorts offer discounted rates for students who are taking a full course load (minimum of 9 credits, which comes out to 3 core courses at SFU). For example, Whistler provides students with $519 (VS.1600 EARLY BIRD) and Seymour $275 (vs. $532) for a full season pass. This is just one of the many examples available to students in which they can save large amounts of money on something they will most likely invest in the first place.

  • Government Services – Surrey Recreation Pass (Gym +Pool Facility)

Government services are also involved in helping student’s save money where it is possible, while staying healthy. Recently one of my former classmates introduced this amazing deal to me provided by Surrey Recreation Services. It basically enables any individual over the age of nineteen to obtain a full year’s membership if they are making less than $17,000 annually for under $20. This is just one of many possible money saving opportunities provided by the government, so do your research people!

Tip 3 – Deals galore!

Photo Credit: Eden Lee Fitness

Photo Credit: Eden Lee Fitness

I’m pretty sure many people are already aware and have even used one of these services but I will mention it anyway. Websites like Groupon, LivingSocial, Plum District, Dealfind, Eversave and many more operate by providing discounted gift certificates or promotions usable at local or national companies. These are great ways to stumble upon deals for a low price, especially if that product was something you were going to buy in the first place.

Tip 4 – Take advantage of the USA

Photo Credit: Top Adventure Destinations

Photo Credit: Top Adventure Destinations

This idea may seem like a daunting task at times but well worth it after a couple trips. Numerous websites and companies based in the United States often have amazing deals on almost any product you can think of (sites like Whiskeymiltia or Dogffunk are great examples). Taking into consideration that almost any package will ship for free anywhere in the United States the notion of opening up a mailing account at the boarder just makes sense. At a time I can save at least 100$ when ordering products online rather than buying them in Canada. Just keep in mind the boarder regulations of how much money you can cross back into the country with (the more people in your vehicle the more you can cross over!).

It may seem like a lot of work at first, trying to watch what your spending and feeling somewhat restricted, but don’t try to look at it that way. By saving money not only have you proved to yourself that you can do anything your put your mind to, but it also displays to others both your dedication and perseverance and of course, with more money in that wallet!

Check out Ralph’s Part 1 blog on money saving tips here!

Got any other good money saving tips? Post below in the comments!


Featured Photo Credit: Study Magazine 

About the Author

Recultured Team
Recultured Team
This is where you'll find the blog posts that the team has contributed to collectively! What team? Wildcats! -Nope, wrong team. Recultured!

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