Don’t fly blind.
As a student, your income can sometimes fluctuate when working hours change as your study time increases. Understanding your budget will help make sure the money you earn lasts throughout your semester, and the entire year.
We’ve put together some helpful tips on budgeting to make this easier.
Learn to cook!
It sounds basic, but planning and pre-cooking meals can save you a lot of money. Make a few portions in advance that you can freeze or keep in the fridge during the week – this way, you won’t have to think about what to have and you’ll be less tempted to grab something quickly on the way home. After a long day on the books, it’s great to be able to come home and heat up something warm and nutritious.
It can also be fun to experiment with cooking and show off to your friends or flatmates. By the time you leave uni, you should probably have a secret spag recipe to carry you for the rest of your life…
Remember to save.
It’s never too early to start putting aside money for the future or a ‘rainy day’. If you have a regular income, set up an auto-payment into a savings account as soon as your money comes in, even if it’s just a few dollars each pay day.
You could also use ASB Save the Change to save money as you spend – once you’ve registered, it automatically rounds up your electronic transactions and transfers the difference to your nominated savings account(s).
Look for discounts.
Use student discounts whenever you can! Keep your student ID on you all the time and always make sure to ask – you might be surprised at how many discounts you can get around town. Every dollar counts J
Also don’t forget that it’s not only student discounts that you can find. Save and use those fuel discounts from your grocery bills, go to movies on cheap nights etc.
Having the right bank account also gives you benefits that can save you money, and help you manage it – something that’s helpful when you leave home for the first time.
If you are eligible for the ASB Tertiary package, make sure you’re signed up to receive all the benefits such as no monthly base or transaction fees, and free small fries when you use your ASB Tertiary Visa Debit card at McDonald’s®.