If you are a college student, cashlessness is a perpetual state of existence. Short on funds and craving for pleasurable pursuits, you have two options. Resign to your impoverished status, or go through the 20 pointers we have compiled for you. These will not only help you save and manage your money better, but also tell you how to make some on your own. Go on, read them-and have 20 times more fun.
MANAGING YOUR MONEY
1. Make A Monthly Budget: This doesn't have to be a complicated number-crunching exercise. A simple Excel sheet or the planner in your mobile will suffice. The idea is to keep track of your monthly expenses and plug any unnecessary spending. Start by listing your fixed expenditure like transportation cost, food, etc, and keep aside money for these. The balance can then be used for discretionary expenses like shopping, gifting or partying.
2. Plan Your Purchases: Has the Rs 1,000 spent on a dress for freshers' night left you broke? Simple mathematics and a bit of planning could have helped you avoid the situation. Cutting down your expenses by Rs 250 every month would have saved you Rs 1,000 in just four months and made the dress affordable. Planning ahead is an easy way to prevent bankruptcy.