By Niveshkarlo
September 30, 2026
Know where your money goes Before trying to save, track your regular inflows and expenses. Write down: – Pocket money or allowance – Part-time income – Food and travel – Study-related costs – Entertainment and subscriptions
Not every expense is necessary Ask yourself before spending: “Do I need this, or do I simply want it?” Prioritise essentials such as: – Food – Transport – Education – Rent or hostel costs – Necessary bills
Save before the money disappears Whenever you receive money, set aside an amount that fits your budget. You can keep your savings separate from your everyday spending money. The goal isn't to save a fixed percentage just because someone else does. Start with an amount you can consistently maintain.
Small expenses can add up Look for recurring spending you don't really use: – Unused subscriptions – Frequent food delivery – Unplanned online shopping – Unnecessary cab rides – Repeated convenience purchases
Save by using what you're eligible for Before paying full price, check whether you qualify for: Student discounts • Scholarships • Fee concessions • Campus facilities • Library resources