How to Make Study Cheaper

It doesn’t matter what stage of life you’re at, study usually requires some financial sacrifices. Sometimes the cost can seem prohibitive and students get discouraged from pursuing their dreams. Study can’t be viewed in isolation, it is a means to improving your life and making some little sacrifices while you study can pay off handsomely in the long run. Here are some ways to push those hurdles away by reducing costs.

Reduce the cost of textbooks. There are several ways you can do this. One of the newest ways is to investigate open source textbook sites like OpenStax, Bookboon and Flat World Knowledge. These sites have many popular textbooks freely available online. If they don’t have the textbooks you need, you can always source cheap textbooks through sites like Amazon or even eBay. In fact, if you spend a little time on the web searching for free textbooks, open source textbooks or even creative commons textbooks, you will be surprised at what you find and how much money you can save. Similarly, Google Books also allows you to preview chapters, – and sometimes entire books – which may contain enough information for you to use in an essay or for research.

Budget carefully – Ok, so it’s a little boring and tiresome, but careful budgeting can help you manage your finances and help you to focus on your study instead of stressing over how and when you’re going to pay bills. Draw up an accurate list of all your expenses and income. Set yourself a spending limit and stick to it.

Proactively look for student discounts – There are a range of student discounts available today. Students can get discounted travel, retail discounts, financial incentives and many other little bonuses. Make sure you have a student card and use it where and when you can. Even if it’s just a five percent discount – it’s better in your pocket than not.

Consider your travel arrangements – Wherever possible, try to walk to your destination or take public transport. If you have to drive a car, try and car pool with other students. Student concessions are generally available on all forms of public transport, so make sure you always have your student card handy.

Visit the local opportunity shop – You will find some incredible bargains in op shops, from clothes and shoes to furniture and used books.

Make use of free software – It really doesn’t matter what software you need to complete an assignment, there is probably a free version of it online. Common software applications like Word, Excel and Photoshop all have free equivalent applications from reputable open source providers like Open Office and Gimp, while these same brand names also offer student discounts on their popular software.

Choose your Bank account carefully – Some banks offer special packages for students, offering reduced fees, higher interest on savings and even cheaper loans (see below).

Keep borrowings to a minimum – The truth is that you want to have your mind as stress free as possible. Borrowing money always creates a little stress. Making loan repayments is just one more hassle you have to deal with on a monthly basis.

Managing finances while studying can be difficult, but with a little effort and some discipline, you can reduce the cost of living and the overall cost of study significantly. Good Luck!

 

The CFS Team
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