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Student life= tight budget, I get it. It took me a long time to get my spending under control (I have an addiction to shopping, I’m working on it)- but once I did, I noticed a huge decrease in my stress levels. These are the things that helped me get on track with money:

  1. Set a budget and be strict. Find out what works for you- I would take out cash and separate it into allocated budgets, then once that money was gone, it was gone. Have an emergency stash for those spontaneous adventures or purchases, but try and keep as close to your budget as possible.
  2. Find a good phone plan. You won’t understand how important this is until the end of the month rolls around and you noticed you went way over data and looking at a super scary phone bill. Coincidentally, we just partnered with Koodo – they offer “Shock-FreeTM data” so you can avoid unexpected data charges. How it works: Koodo will send you alerts when you’re getting close to your limit, then they’ll pause your data when you reach your limit, so you don’t end up with a nasty bill. You can decide to add more, right from your phone. They also have a pretty sweet offer (click!) for SPC members!
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  3. Cook at home! Yes, eating out is easier and you don’t have to do the dishes, BUT it gets expensive. Find fun recipes and try new things at home.
  4. Use coupons and discount cards! There are so many student-friendly deals, take advantage of them (ahem, the SPC Card). 10% off here, 25% off there- trust me, the savings add up!
  5. Use your schools! Most schools offer things like reduced gym memberships, fun activities and discounts on transportation. These can dramatically cut your costs- take all the free/ discounted stuff you can!

Money can be a touchy subject but once you make a plan and stick to it- it’s waaay less stressful. Once money is out of the way, you can focus on the important things like that 12 page essay due tomorrow 🙂