Student lifehacks to control your daily spend!

One of the biggest challenges when managing your finances is to spend responsibly and spend less.

Self-control may be hard to practice but it will help you manage your money so much better.

• Resist impulse buying. Ask yourself these questions: Do I need it? Do I need it today? Can I get it at a lower cost?
• Carry less cash
• Shop with your spending plan in mind. What do you need?

• Avoid ATM fees by using your bank’s ATMs
• Watch out for sales
• Look out for discounts or voucher codes
• Consider subscribing to membership cards to benefit from discounts
• Don’t shop when you’re hungry
• Shop for value!

Eat out less
Learn to cook your own food!
Plan your meals better
Pack a lunch & take snacks
Carry a water bottle with you everywhere

• Consider joining loyalty schemes
• Find affordable coffee options (local coffee shops)
• Get a travel mug (some coffee shops offer discounts when you do & it’s great for the environment)

• Limit the number of credit cards you have
• Do not use a credit card if you cannot afford the price
• Avoid having a monthly credit card balance greater than 10% of your net income

• Getting a new phone? Shop for a package deal
• Stick with older phones (the latest iphone/android does not come cheap)
• Read the contract before you sign
• Ask questions; make sure you understand all features and fees
• Keep track of your usage
• Pay your bill on time and in full
• Use Wi-Fi when you can
• Limit background data