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- With rising tuition costs, creating a budget and saving money is more difficult than it used to be. However, it’s still possible to save by following practical tips, such as: Using a budgeting app Using public transportation Meal-prepping Adopting low-cost hobbies Working a side job
www.ctvnews.ca/business/best-budgeting-tips-for-university-students-in-canada-1.6112011
Dec 11, 2020 · Recap – 27 Easy Ways to Save Money as a Student in Canada. Avoid Spending Money for 2 Days Each Week; Find Cheap Entertainment; Apply for Scholarships; Stick to a Budget; Prep Your Meals for the Week; Claim Student Banking Discounts; Buy Stuff You Need on Second Hand Marketplaces; Don’t Use Credit Cards; Live at Home; Start a Side-Hustle
- Make a budget. Check out this Student Budget Worksheet from the Financial Consumer Agency of Canada to help you find out where you might be spending during the school year, including things you might not think about, like taxi and Uber trips and monthly bus passes.
- Track your spending. If the money in your student bank account has a tendency to disappear each month, it's time to get serious about tracking your spending more closely.
- Wants vs. needs (the 50-30-20 rule) Another simple way to divvy up your budget is by using the 50-30-20 rule: put 50% of your income toward needs, 30% toward wants and 20% toward savings.
- Stick to your budget. This is the hardest part, of course, but it's important. Set up reminders for yourself to check in periodically to make sure you're still on track.
Aug 24, 2023 · Several strategies can help you save money and take advantage of your student status, including making the most of student discounts and finding cheaper travel and textbook options.
Sep 1, 2023 · How to save money as a student. No matter how much income you earn, follow these steps to supercharge your savings. Save money from your paycheque. A good habit is to stash away...
- Get Your GST/HST Credit. One of the easiest ways to get free money as a student in Canada is by claiming your Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit.
- Apply for a Federal Student Grant. Another excellent source of free money for students in Canada is federal student grants. The Government of Canada offers a variety of grants to help students cover educational costs.
- Apply for Provincial Student Grant. In addition to federal grants, students can apply for provincial grants. These grants are designed to assist students with education expenses and are typically based on financial need.
- Claim Your Uncashed CRA Cheque. Believe it or not, there is the possibility you may have unclaimed money waiting for you at the Canada Revenue Agency (CRA).
Mar 19, 2024 · 3/19/2024. DealDeal Staff. Discover the top 20 strategies for saving money as a new student in Canada. From budgeting tips to student discounts, learn how to make the most of your finances while studying in Canada. Stick to a budget: Create a monthly budget and do your best to adhere to it.
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Sep 21, 2021 · 1. Try to Avoid Spending Unnecessarily. Getting sucked into unnecessary spending can be easy, especially when we’re in school. A lot of students spend money socially. If friends want to go out shopping, for lunch, or to the bar for a drink, it can be challenging to say no. But unnecessary spending can add up. Try not to get sucked into the trap.
