We save, basically, because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency.
Most students save money to buy phones, clothes other accessories and most importantly to avoid being stranded due to slight delays before getting there allowances.
When developing a saving plan ask yourself these questions:- Are there any variable expenses that you can reduce or eliminate?
- Is there anything you spend money on that you could eliminate and apply towards saving?
- How much can I potentially save?

How To Save Money As A Student
Start By Making A Monthly Budget: Write down your fixed expenses such as your monthly apartment rent, daily transport fares, fixed internet and cell phone bills. Food expenses can vary but write down the average daily expense. Once you have noted all your basic expenses, see if there is any money left for saving.
Although it may look like this monthly budget is not earning you any savings, it is helping you in keeping an overview of your financial plan.
Prepare you own meals: Instead of grabbing breakfast and lunch out, make them both at home. Set a timer to cook the food when you get up and eat breakfast before you leave for the day. Use leftovers from dinner or buy lunch ingredients and make one every day. If you’re not an early riser, prepare everything the night before. You’ll save time and money!
Value Buying Is A Golden Habit:Cheap food items are not bad if they can be bought without compromising on the quality. Value buying is a financial concept that refers to only buying your favorite goods or services only when they are available at a discount.
For example, buying a gadget after a month of its release so as to avail a discount on its selling price. Or buying generic materials that offers similar quality but is available cheaper than its named brand. Value buying is a wealth building factor for many rich investors in the financial sector. It can also help you in saving a lot of money during college.
Buying Used Goods Saves More Money Than You Think:


The freshers will often jump to buy the newest edition, only to realize, that the book simply gathered dust in the corner throughout the year. Look for copies in the library before buying any new books. If required, try buying used books from students who just completed the course. There are a number of websites who offer great prices on used college books.
This idea of finding the best prices by shopping used products doesn't apply only to books. You can save big by searching for used clothing, furniture, and electronics.
Patience Pays: Even if you are dying to buy the new Android phone, waiting for a few months will be a good idea. Gadgets' prices tend to fall as soon as there is a successor in the market. So, postponing your purchase for the same model by a month or two can get you a price cut.
Avoid Debt:One of the most dangerous approaches to having a credit card is living under the illusion that you can afford things you actually do not have the money to afford. One good rule to live by is if you can't pay for something in cash, then you can't afford it with a card.
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