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10 Tips to Reduce Spending and Save your Pocket Money in the University


The SAVE here is more like to prolong the life span of your pocket money. So to everyone who read through and found my previous post, “Top 4 Money Drainers in Every University Campus” useful, here is another banger.

1⃣ SET A DAILY SPENDING LIMIT
It’s a little bit complicating if this is your first time. All you need to do is calculate the total amount you spend in 5-7days and divide it by 5 or 7 to get the average.
NOTE: excluding miscellaneous. The average you get will be your daily spending limit. Sometimes you might spend more or less than the limit but always save the remainder for miscellaneous each time you spend less than the daily spending limit.
Workers use this technique too.

2⃣ LEARN HOW TO COOK
I’m not talking to the females alone, it’s for both genders. If you can’t cook, don’t worry YouTube and Google have made learning cheap and easy.
Listen, cooking saves you more cash than buying food and most importantly, it’s part of a healthy lifestyle. How does it save cash? Simple, with #500 in hand and your foodstuffs available, You can make a meal that will serve you the whole day, but a plate of food outside costs N350 – N1000 or more.

3⃣ PHOTOCOPY TEXTBOOKS / GET THE PDF VERSION / AVOID PHOTOCOPYING EVERYTHING THAT IS CALLED MATERIAL
If you’re offering a course whose textbooks are not compulsory, I will advise you photocopy them. But before you photocopy, compare the price of photocopying to the actual cost of the book. PDFs are really good if you can get them but once the light is off, the knowledge can’t be extracted. Don’t fall into the trap of getting everything called material, some are outdated or were written by lecturers who are retired now, so I will advise you ask older students before you photocopy.

4⃣ KILL THE URGE TO JOIN TREND
Always keep in mind that trends don’t last. Why should you spend 10k for a sneakers that after 4 months, you’ll feel awkward putting them on? Trend can be in phones, shoes, wears, style, anything at all. It is costly to join and costly to keep up with, so avoid it.

5⃣ INVEST IN QUALITY WEARS
Okrika (or OK-wears like many call it) has been saving budget since we were kids but there’s something we’ve not observed; these cheap wears lose quality within a period of a year or less, causing you to replace them but you don’t notice this because they are cheap. Don’t misunderstand me though, first grade OK-wears might be great but in a long run, you’re spending more sewing and replacing it. Go for quality, it lasts longer.

6⃣ AVOID UNNECESSARY HANGOUTS
These hangouts are crazy because most of the time we end up spending more than what we budgeted, and constant hangouts like this isn’t healthy for the pockets😁.

7⃣ FLIT YOUR ROOM / USE MOSQUITO REPELLENT / A MOSQUITO NET.
This particular tip saves you from being sick as a result of malaria. Malaria is nothing to joke with, it’s killed a lot and is still killing. So my dear, pick the one you can afford. If you plan on flitting, 2 – 3 times a week is fine. Health is Wealth.

8⃣ PROTECT YOUR DATA (SUBSCRIPTION)
I will advise you first turn on “data saver” mode on your device, this will help prevent apps that tap into your data without your permission.
Next is make a list on things you mustn’t do with your data, this will help you pull yourself back. But anyways, avoid downloading heavy file sizes and avoid watching Facebook videos, they are tempting though 😫. The essence is to save your data, so you can subscribe just once or at most twice a month.

9⃣ AVOID MONEY DRAINING ACTIVITIES
Such activities includes Gambling, Smoking and Drinking, womanizing, trends, and the rest of them.

10⃣ FLEE FROM PEOPLE WHO SPEND LIKE THEIR WORLD IS ENDING TONIGHT.
These people spend like the more they spend the more it comes, but we know it doesn’t work that way. So try not to spend much time with them or you might become one of them.

#BONUS:
 Call people on the phone only when necessary. Whatsapp has made saving of credit easy.
Be Spiritual. The best director you can ask for is the Holy Spirit. Have Him around and watch how your decisions have no negative impact on your pocket.

Hope you enjoyed reading the post 😃? Now let’s apply it!!👌🏼
I will like to hear testimonies when it works for you 😁

Written by
Nguakor Chukwuebuka Paul


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About Henry Divine

HENRY DIVINE is a dynamic young man with a vision and passion to affect his generation, especially the youth. He is an author, a psychologist, a blogger and the Initiator/Coordinator of The Sure Success Project.

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