HOW TO MAKE & SAVE MONEY IN UNIVERSITY

9:34 PM

One of the biggest challenges you'll find starting university is managing your money. From student loans to nights out, university living can get expensive. Let's dive into ways to be frugal (without coming across as cheap) during your university years!





MAKING MONEY

GET A JOB!

Get a part-time job or start your own side hustle. Both of these ideas may seem hectic, especially if you have a huge workload, but this small cash-flow is important. It'll help pay for small expenses, like food or stationery. Even better, save some of that money and use it to pay off your student loans.

START A SIDE HUSTLE

Side hustles are great. They allow you to create your own hours, build your career experience and do something outside of your university life. You don't need to purchase an expensive camera and become a photographer, or even be super creative and wordy (blog fam, where ya at?), here are my suggestions, though:

BECOME A CLOTHING RESELLER

With the rise of people thrifting and buying second hand goods online it's SO easy to make some cash off of your preloved items. Sell your own high quality used clothes, or become a professional thrift shopper. In South Africa, it's great to do this through local 2nd hand Facebook groups & markets

BABYSITTING

If you're like me and enjoy not going out with friends in the evenings, I'd recommend becoming a babysitter. I'm not that great with kids though, haha, but if you are, I'd so recommend it, especially because most children have early-ish bed times, so while you're waiting for their parents to come home, you can finish any homework/class work you have.


BLOGGING/YOUTUBE

Content creation is a great way to make cash, but a hard industry to break into in South Africa. Look out for brands wanting to collaborate with bloggers and don't be scared to reach out!

MAKE A BUDGET

Let's be real, do you really think you can manage your money realistically  without a budget? Creating a budget will allow you to see where you're spending your money , and where you really shouldn't be spending it. 

LET'S GET BACK TO THE BASICS

For a week, keep track of EVERYTHING you spend your money on, from food to clothes, your phone bill to that R25 coffee on your way to uni. Next, categorize your expenses and identify your habits. Do you sneak too much McDees? Are you buying clothes you don't need too often?

CREATE A BUDGET

I'm 100% going to do a full post on this.

SPEND CASH

Paying with cash will really make you think twice about what you're spending your money on. Physically handing over money is a lot more harder than swiping your debit card. Keep the change in a small jar - after a few months you'll find they add up!

DO FREE (OR AFFORDABLE) ACTIVITIES

Spending more than R100 on an activity is not a free, or nearly free, activity. I could dedicate an entire post to affordable things to do, but here's my top 5:
  1. Go hiking
  2. Visit a local market
  3. Have a girl's night in
  4. Go for coffee instead of dinner
  5. Visit your local SPCA/Animal Welfare

SHOP WISELY

Finally, brands around South Africa are starting to offer student discounts, and more and more are coming up with rewards programmes.
My favourites include:

  • The FIX offers 10% off purchases on Thursdays for students, upon presentation of a valid student card.
  • CottonOn & Co. (CottonOn, Typo and Factorie) offer a rewards cards. After spending a certain amount, you receive a voucher, and they're constantly sending emails on members-only discounts and benefits, including early access to sales!
  • Apple Music ZA is only R29.99 a month for students! This means that you'll save nearly R30 a month (The Individual plan is R59.99). It gives you access to music from all your favourite artists, locally and internationally. Definitely worth it!


I'd love to know, what are some of the ways you save money?

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