Money Saving Tips for International Students

Money Saving Tips for International Students

Eight Ways to Save Money as an International Student
1. Always comparison shop. From apartments and furniture, to books and clothing, saving a few pennies here and there adds up. Consider buying used. Look for good deals in classified ads, both online and in newspapers.
2. Prioritize your entertainment expenses. Ask for student specials on anything you buy and use coupons from student newspapers. Enjoy free activities on campus.
3. Reduce daily habits that seem insignificant but can add up to big spending in the long run. Buying a $3 coffee every day can cost over $1000 over the course of a year!
4. Beware of growing mobile phone costs. Familiarize yourself with the true cost of a mobile phone plan to see if you can afford it before signing the contract.
5. Long distance phone calls can be expensive. Try setting a timer to limit your calls to a certain length of time. Use e-mail or online chatting to stay connected for less money.
6. Bring a grocery list with you when you shop for food and watch for specials. Try to avoid doing too much shopping at convenience stores because their prices are generally higher. Consider buying generic products rather those with a brand name. Bring your lunch with you instead of eating out.
7. Choose your bank carefully; each one has its own student service package. Try to resist using your credit card for impulse buying. You will avoid high interest charges and monthly payments that might not fit into your budget.
8. Take public transportation, carpool, bicycle, or walk as much as possible to save on transportation costs.

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