How to Save Money as a Student Without Working

how to save money as student without working
Written by Damian

Introduction on How to Save Money as a Student Without Working

Student life is hard. You’re trying to balance your academic studies, social life and saving for the future all at once. If you want to save money as a student without working, there are many ways that you can cut back on your spending habits and make it happen.

Set yourself a savings goal

Setting a savings goal is crucial to your financial future. The best way to do this is by setting aside a specific amount of money that you want to save every month or week and then sticking with it.

You can use this as a buffer between what you earn and what’s needed for living expenses, or as an emergency fund for unexpected situations like car repairs or emergencies at home. Whatever the case may be, once you’ve set up some space in your saving account (or other bank account), make sure it’s regular enough so that it doesn’t fluctuate too much from month-to-month.

Prioritise saving for everything

Once you’ve got a handle on how much money you need, it’s time to prioritize what you’re going to save. If saving is important to you—and I’m guessing it is—then make sure that every cent counts toward your goal.

For example:

  • Set a goal of saving $100 per month for the next six months so that by the end of summer break, when school ends again for many students and parents must pay tuition fees again (or find another source of income), they have enough saved up in their account(s) that they won’t have trouble with payments after coming back from holiday break/summer vacation/school break (whatever).
  • Make a list of all expenses associated with attending university like tuition fees, books and supplies needed for courses taken at school or online courses taken through e-learning platforms such as Coursera etc., transportation costs such as gas mileage used per month while travelling between home base location where classes take place during daytime hours only because there’s no public transportation available within city limits where university building stands located – unless student lives outside city limits then needs own vehicle which may not be affordable right now given current financial situation so maybe later down road when finances allow buying one but until then renting one could work too since renting isn’t cheap either depending on location chosen by owner operator who runs car rental service company out office located inside city limits.”

Live beneath your means

There are many ways to live below your means as a student. The first is to live in a small room, eat simple meals and don’t spend money on luxury items. Don’t buy new clothes or go out for meals (unless you’re with friends). You can also save money by not buying expensive drinks, electronics or books.

Another way students can save money is by making their own food instead of eating out at restaurants every night! It’s easy enough if you know how; just make sure it’s healthy but also tasty! This will help keep costs down too since most fast food places charge more than $10 per meal which isn’t cheap when trying not only eat healthy but also save some cash along with it 🙂

Choose accommodation carefully

Renting is the cheapest way to live if you’re a student.

There are many reasons why renting is better than buying, but here are some of the main ones:

  • You don’t have to pay for an expensive deposit or mortgage repayments on your home. This can save you hundreds of pounds each month!
  • If something goes wrong with your accommodation (like it catches fire), then it’s still yours – unlike buying where all the money goes towards paying off loans and repaying interest rates on mortgages over time (which means they continue piling up).
  • You don’t need any loans either so this makes sure that there won’t be any interest bills coming in while studying at university!

Cut down on bills

The first thing to do is to stop the bills you don’t need. This means cutting down on the ones that are most expensive and going with cheaper alternatives.

For example, if you’re getting charged $10 per month for a cable plan but only watch TV in the evenings, cancel it. If you’re paying $30 per month for your phone plan but have never used any voice minutes or texts this month, ask them to give it back so that we can get started making our money work harder! You’ll be surprised how quickly things can change once they see how much money is on the line.

The same goes for utilities too: look at what’s cheapest out there today and make sure to keep those expenses low when possible so that we can save even more money over time!

Take full advantage of student discounts and perks

  • Take full advantage of student discounts and perks.
  • Traveling can be expensive, especially if you’re on the road for more than just a few days. Look for deals on flights and hotels by using sites like HotelsCombined or Kayak. You might also find coupons or promo codes that offer discounts when booked through those sites.
  • Food is another expense that can get pricey if you eat out often; however, there are several ways to save money while eating out at restaurants or ordering takeout. First, use apps like Uber Eats or GrubHub (for delivery) instead of calling ahead and waiting in line at the restaurant with everyone else who wants their food delivered too! Second—and this is probably more practical advice—don’t buy drinks at bars unless they come with perks (like free refills) because those will cost extra money each time! Lastly: don’t forget about gyms either–they’re great places where both students AND non-students alike can work out together without paying too much money per class session; just make sure whatever gym membership deal offers includes some sort of discount code so that everyone gets something out their hard earned cash!”

Stop the automatic subscriptions you don’t need

To stop the automatic subscriptions you don’t need:

  • First, find out what subscriptions you have. Click on your profile page in the top right corner of your screen and click “Account Settings” under Account Information. On this page, there will be a list of different types of apps that can be installed on your phone or tablet and they’ll each have their own row in the menu bar at the top. If you’re not sure which one belongs to an app like Netflix or Hulu, just scroll down until you see them listed under “Subscriptions,” then click their name to access more details about them (e.g., what content is included).
  • Next, check whether any pending charges are showing up on your bank account statement from these services—if so, cancel them before paying anything else! These companies often charge fees when people cancel; otherwise known as “billing hold” amounts (for example: $5/month).

Source a part-time job that matches your income needs

If you’re looking for a job, try to find one that has flexible hours and works around your class schedule. You may also want to check out the website of your state’s labor department or university employment services office for any jobs that might be available at local colleges and universities.

If you don’t have an interest in working full-time but still want to make some money, there are many options available for part-time employment. Look into these:

  • Jobs at local cafes or restaurants where customers can order food and drink drinks while enjoying their favorite tunes on the speaker system (or just listen alone). These establishments are usually open during normal business hours only, so if you work there during peak times such as lunch or dinner rush times—you’ll probably have plenty of opportunities throughout those hours! This type of job entails performing certain duties related directly related with maintaining cleanliness within its premises while also ensuring customer satisfaction through friendly service delivery.”

Don’t spend too much on socializing or nights out

  • Don’t spend too much on socialising.
  • Don’t spend too much on nights out.
  • Don’t spend too much on food and drink.
  • Don’t overspend on clothes or accessories (you can always buy some nice ones later).
  • Avoid buying entertainment devices that you don’t need, such as a tablet or smartphone; they will only clutter up your room and cause more clutter in your life!

Stick to a budget and stick to it!

The first step to saving money as a student is setting up a budget. You’ll need to keep track of how much money you spend each month, as well as where it goes. This can be difficult at first, but once you’ve done it for a few months and feel comfortable with your new system, it will become easier over time.

You should also make sure that whatever amount of money is left over after paying bills and other expenses is enough for savings accounts or credit cards (or both). This way if something happens like an unexpected bill comes up or something else unexpected comes up in life—like buying books online—you won’t have any issues paying off those debts because there won’t be enough funds left over from what was originally planned initially intended for emergencies only!

You’re a busy student, so you have no time to earn money, but you can still save it!

You’re a busy student, but you don’t have enough time to earn money. However, you can still save it!

You don’t need to work at all just to save money. You can make your own by selling things you no longer need or want and then putting the money aside for later use (or if it’s too much of a hassle, donate it). Alternatively, you could also opt out of spending extravagantly on items like clothes or electronics by only buying necessities instead—this way there’ll be less temptation in the future when trying times come back around again!


I hope this post has given you some inspiration to try out some of these tips. As you can see, it’s not difficult to save money as a student and avoid working for money. Just remember: don’t lie to yourself about what’s really important! You should always prioritise yourself over other people, even if that means sacrificing opportunities for new experiences or spending more time on your studies.

About the author


Chibueze Damian, is a Quicksub Ambassador, Web Designer, Blogger, Yotuber and a Business Man. You Can Follow Me on Facebook and Instagram

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