Save and Spent – Easy budgeting tips for students | My Hobby Courses

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Save and Spent – Easy budgeting tips for students

September 11 , 2020
16:22 pm
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Already life is tough for students with all the quizzes, assignments, and exams, and on top of it, the majority of students are tight on a budget. Opting for student loans constraint them to spend excessively, which makes them mature early. It is quite remarkable knowing students at a young age can manage their financials and spend it wisely. But, why is that? Education is an expensive aspect of life as it requires years to avail a degree and spending of a hefty amount. Students pay mostly in regard to tuition fees, accommodation expenses, and travel costs, which leaves a little amount for entertainment.

Budgeting is known as managing and stabilizing your finances. The first step for any student must be making a priority list. It is important to spend on those items which are absolutely necessary like tuition fee and repayment of debt. It must be a proactive approach while organizing finances as you must not run out of money and seek help from parents. Although there is no objection in asking for help, being financially independent can take you on a long route of success. Keeping track of your expenses and comparing it from the previous month can help you in evaluation.

Budgeting tips for students

In order to enjoy your life to the fullest and make the most out of college life, you must be aware of some budgeting tips for students. Being smart about your financials opens up entrepreneurship in you, that’s a fact.

Don’t buy new books

When it comes to books, buy used ones, or rent them semester wise as it won’t burden your pocket. For more convenience, you can sell your previous semester books to incoming students.


Never compare your lifestyle with others and avoid purchasing unnecessary items or impulse purchases.

Reduce traveling cost

Use public transport as much as possible or share a ride or take a bicycle, all these measures can help you in cutting down your traveling cost.

Be a cook

Cook your food instead of buying from the outside. It is more healthy and budget-friendly.

Stay at home more

Limit yourself with the outgoing, maybe you can do that once or twice a month.

Look for roommates

For accommodation, you can always share a room with other students and can avoid living in an expensive college hostel.

Be punctual

Pay your bills on time to avoid any late surcharges.

Benefit from free resources

Use facilities like the internet, recreational activities, or gym of your college more efficiently and effectively.

Divide and live

Split bills among friends as there is no need for you to be generous.

Shop wisely

In other budgeting tips for students, the most beneficial is controlling your shopping. It is quite natural to buy clothes and new accessories forced by our consumer-buying behavior. What you can do is look for discounts, offers, or season sales. It will save you money and you can have items as per your wish.

What is more beneficial than budgeting tips?

Now, let’s talk about the business part. Managing and budgeting are all good unless you are earning well. Students mostly do part-time jobs in restaurants, hotels, service stations, etc. this allows them to manage their finances, but at what cost?

With the mounting pressure of studies, one has to cope with work pressure and the boss’s mood. What if there was an opportunity freeing students from additional pressure? Of course, there are many avenues of business and becoming self-reliant, but all of those realms require investment, finance, or capital, basically, you need money to make money.

Myhobbycourses is unlike any other business opportunity as it does not need your money to start your own online tutoring business. All we need is your participation and time to fill in your credentials and that’s it. Online teaching is on the rise and parents are preferring online classes over conventional classes for many reasons. It is the perfect time to get yourself registered with myhobbycourses and comply with all the mentioned budgeting tips for students convincingly.

Why myhobbycourses? How will it help students in saving and spending?

Lowest commission rate

Your question is valid about why myhobbycourses when there are other options. It is true that we are just starting, but we have been making the buzz in the town because of our lowest commission rates. While other platforms charge up to 40% of your income, at myhobbycourses you will be charged a minor 5% to 10%.

Easy sign-up process

Apart from our service fee, there are no other or hidden charges. Our sign-up process is very simple and easy, and within minutes you are registered. We take pride in">our 7-step verification process to make sure learners get the best available tutors.

Rate & time flexibility

As a student, you will have all the flexibility in setting up your charges and timings for classes. What can you teach as a student? At myhobbycourses, there is a vast list of options to choose from. You can teach any instrument, or">skill of drawing, cooking, painting, or you can teach any school subject.

Students will reach out

It is an amazing earning opportunity that you can have in your spare time from the comfort of your couch. The best part about this is you don't need to stress over how you will get students because all the promotion is done on your behalf. Furthermore, if you wish to keep your existing job, you can manage online teaching with that as well.


Teaching part-time while studying is definitely a win-win situation and not every day you hear about such opportunities. As a student where it is important to prepare a budget plan, you also need to make several income streams as early as possible.

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