10 Tips for Having a Blast on a Budget

By Shiv Manchanda Piggy Banks Lined Up In A Row

If you think you’re the only one with a tight budget, think again! In a recent Student Health 101 survey, over 50 percent of respondents said their approximate weekly budget for social activities is 20 dollars or less, and more than 25 percent set aside 10 dollars or less. Here are some tips to keep your weekends fun but cheap.

Abigail has many ideas for low-cost fun. (MP4)

Be Creative

Many students feel social pressure to spend beyond their budgets. Save money by trying the below ideas:

Carry only the amount of cash you wish to spend and leave debit and credit cards at home. You can’t spend what you don’t have!
Identify the difference between necessities and luxuries.

For Hillary P., a first-year student at Niagara College in Niagara Falls, Ontario, having the most current versions of tech devices isn’t a necessity. “I don’t have the coolest phone or the coolest laptop, but they do the job they’re supposed to do,” she explains.
Pack your own snacks. They’ll be cheaper and healthier than what’s available in cafeterias or coffee shops.

Colin M., a third-year student at Thompson Rivers University in Kamloops, British Columbia, says, “I pack my own lunch, so I don’t have to buy anything if I’m hungry in between classes.”
Carpool, take public transit, or ride your bike.
Get separate cheques. Only pay for your own food when dining out, especially if you choose lower-cost meals than your friends.

Mar likes to think like a kid and find fun everywhere. (MP4)

Find, or Make, the Fun

Here are some ideas for saving on entertainment and social activities:

Use your student ID. Many businesses offer deals for students. Ask if they’re not advertised.
Find group discounts. In addition to online coupons, many schools contract with theatres, travel companies, and other programs to offer reduced-price tickets. Check out offers through your school’s Web site and student centre.
Join a club. Most student organizations plan free and low-cost events. If you participate, you might get special access to performers and other guests.
Look in the community for free movie screenings, book readings, and cultural events. There are even apps that locate these events.
Attend school events. Nearly all schools offer art openings, plays, concerts, and talks-usually for free or a nominal amount.

Krista Lewis, a former financial aid officer at Brock University in St. Catharines, Ontario, says, “Living on a budget can be rewarding and give you a sense of accomplishment.” Remember, not everything has a price tag, and often the most satisfying things don’t involve money at all.

Shiv is a graduate student pursuing his master’s in business administration at Memorial University of Newfoundland.

More Tips for Having a Blast on a Budget

Bring a reusable mug or bottle.
Fill it with your own drink, or take advantage of store discounts for using one.

Take charge.
Plan low-cost activities with friends so the options aren’t always suggestions you can’t afford.