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Main Connect News Balancing a Budget as a Student

Balancing a Budget as a Student

Wednesday, January 20, 2021

As the world continues to change, one thing stays the same – bills still need to be paid for. Being a student can leave you knee-deep in the books and wondering where all your money went from your wallet.


Pursuing higher education can be expensive for many because of tuition costs, accommodation, and books. As such, it’s good to know you can make some small changes and save yourself a lot of money in the long term by following these simple steps.


Apply for Scholarships, Grants, and Awards

Pay attention to financial aid options and scholarship opportunities. Apply for scholarships, student loans, bursaries, grants and awards towards your tuition at Reeves College.


Prepare Food at Home

Eating out can add up quite quickly and lead to a large bill. Cook meals at home instead and store leftovers that you can eat whether you are on the go or just at home.


Keep Track of Your Spending

No, this doesn't mean that you have to write down every purchase, but it does open up options for budgeting apps such as Mint, Wally, Mvelopes, or Goodbudget. Simply tracking what you spend can help you notice patterns, make you more aware of where your money is going, and help you identify if you need to make a change.


Choose Free or Budget-Friendly Activities

Skip those expensive activities and focus on looking for free activities. You can go hiking, take a walk in the park, go sight-seeing, or bike riding. Here's a list of free activities you can do around Alberta.